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Directions: Read the following passage carefully and answer the questions.Proposals for broadscale student loan debt relief — including cancellation of all or a portion of federal student loan debt — have gained considerable attention in recent years. As the cost of education increases while wages stagnate, it has become harder for students to pay off their loans. Studies also point out how federal grants and scholarships have not kept pace with the increasing cost of education and attendance. President Biden has explained the need for loan cancellation by arguing that higher education “should be a ticket to a middle-class life, but for too many, the cost of borrowing for college is a lifelong burden that deprives them of that opportunity.” A White House factsheet notes that middle-class American borrowers struggle with high monthly payments and “ballooning balances that make it harder for them to build wealth”. CRS Research also points to the composition of borrowers, of which “black students were more likely to borrow” loans for undergraduate and graduate education “relative to any other racial or ethnic subgroup”. It also finds that certain groups of borrowers (Black, American Indian, and lower-income borrowers) have made less progress in paying down the original principal of debt when compared with other borrowers.The government also noted how the student debt burden falls disproportionately on Black borrowers. “Twenty years after first enrolling in school, the typical Black borrower who started college in the 1995-96 school year still owed 95% of their original student debt,” the White House factsheet on student debt reads. On the other hand, critics of Broad-based cancellation of loans point out how a one-time loan cancellation may fail to address the underlying causes of crushing loan debt. One major cause is the skyrocketing cost of education and the need for an overhaul of the system. Analysts have highlighted that policies providing broad loan cancellation may result in higher-income households receiving more cancellation benefits compared to lower-income households when the total dollar amounts cancelled or the savings in annual debt service payments are looked at. Besides, large cancellation plans may also significantly impact federal budgets and debt.Q.Which of the following statements best summarizes the passages major point, according to the text?a)The rising expense of schooling has caused a massive and unmanageable debt load.b)As a result of the increased cost of schooling, wages have stagnated.c)Federal grants and scholarships have been adequate in addressing students financial requirements and defraying the expense of higher education.d)While there may be unfairness in loan cancellation schemes, some groups bear a heavy disproportionate weight.Correct answer is option 'D'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Directions: Read the following passage carefully and answer the questions.Proposals for broadscale student loan debt relief — including cancellation of all or a portion of federal student loan debt — have gained considerable attention in recent years. As the cost of education increases while wages stagnate, it has become harder for students to pay off their loans. Studies also point out how federal grants and scholarships have not kept pace with the increasing cost of education and attendance. President Biden has explained the need for loan cancellation by arguing that higher education “should be a ticket to a middle-class life, but for too many, the cost of borrowing for college is a lifelong burden that deprives them of that opportunity.” A White House factsheet notes that middle-class American borrowers struggle with high monthly payments and “ballooning balances that make it harder for them to build wealth”. CRS Research also points to the composition of borrowers, of which “black students were more likely to borrow” loans for undergraduate and graduate education “relative to any other racial or ethnic subgroup”. It also finds that certain groups of borrowers (Black, American Indian, and lower-income borrowers) have made less progress in paying down the original principal of debt when compared with other borrowers.The government also noted how the student debt burden falls disproportionately on Black borrowers. “Twenty years after first enrolling in school, the typical Black borrower who started college in the 1995-96 school year still owed 95% of their original student debt,” the White House factsheet on student debt reads. On the other hand, critics of Broad-based cancellation of loans point out how a one-time loan cancellation may fail to address the underlying causes of crushing loan debt. One major cause is the skyrocketing cost of education and the need for an overhaul of the system. Analysts have highlighted that policies providing broad loan cancellation may result in higher-income households receiving more cancellation benefits compared to lower-income households when the total dollar amounts cancelled or the savings in annual debt service payments are looked at. Besides, large cancellation plans may also significantly impact federal budgets and debt.Q.Which of the following statements best summarizes the passages major point, according to the text?a)The rising expense of schooling has caused a massive and unmanageable debt load.b)As a result of the increased cost of schooling, wages have stagnated.c)Federal grants and scholarships have been adequate in addressing students financial requirements and defraying the expense of higher education.d)While there may be unfairness in loan cancellation schemes, some groups bear a heavy disproportionate weight.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: Read the following passage carefully and answer the questions.Proposals for broadscale student loan debt relief — including cancellation of all or a portion of federal student loan debt — have gained considerable attention in recent years. As the cost of education increases while wages stagnate, it has become harder for students to pay off their loans. Studies also point out how federal grants and scholarships have not kept pace with the increasing cost of education and attendance. President Biden has explained the need for loan cancellation by arguing that higher education “should be a ticket to a middle-class life, but for too many, the cost of borrowing for college is a lifelong burden that deprives them of that opportunity.” A White House factsheet notes that middle-class American borrowers struggle with high monthly payments and “ballooning balances that make it harder for them to build wealth”. CRS Research also points to the composition of borrowers, of which “black students were more likely to borrow” loans for undergraduate and graduate education “relative to any other racial or ethnic subgroup”. It also finds that certain groups of borrowers (Black, American Indian, and lower-income borrowers) have made less progress in paying down the original principal of debt when compared with other borrowers.The government also noted how the student debt burden falls disproportionately on Black borrowers. “Twenty years after first enrolling in school, the typical Black borrower who started college in the 1995-96 school year still owed 95% of their original student debt,” the White House factsheet on student debt reads. On the other hand, critics of Broad-based cancellation of loans point out how a one-time loan cancellation may fail to address the underlying causes of crushing loan debt. One major cause is the skyrocketing cost of education and the need for an overhaul of the system. Analysts have highlighted that policies providing broad loan cancellation may result in higher-income households receiving more cancellation benefits compared to lower-income households when the total dollar amounts cancelled or the savings in annual debt service payments are looked at. Besides, large cancellation plans may also significantly impact federal budgets and debt.Q.Which of the following statements best summarizes the passages major point, according to the text?a)The rising expense of schooling has caused a massive and unmanageable debt load.b)As a result of the increased cost of schooling, wages have stagnated.c)Federal grants and scholarships have been adequate in addressing students financial requirements and defraying the expense of higher education.d)While there may be unfairness in loan cancellation schemes, some groups bear a heavy disproportionate weight.Correct answer is option 'D'. Can you explain this answer?.

Solutions for Directions: Read the following passage carefully and answer the questions.Proposals for broadscale student loan debt relief — including cancellation of all or a portion of federal student loan debt — have gained considerable attention in recent years. As the cost of education increases while wages stagnate, it has become harder for students to pay off their loans. Studies also point out how federal grants and scholarships have not kept pace with the increasing cost of education and attendance. President Biden has explained the need for loan cancellation by arguing that higher education “should be a ticket to a middle-class life, but for too many, the cost of borrowing for college is a lifelong burden that deprives them of that opportunity.” A White House factsheet notes that middle-class American borrowers struggle with high monthly payments and “ballooning balances that make it harder for them to build wealth”. CRS Research also points to the composition of borrowers, of which “black students were more likely to borrow” loans for undergraduate and graduate education “relative to any other racial or ethnic subgroup”. It also finds that certain groups of borrowers (Black, American Indian, and lower-income borrowers) have made less progress in paying down the original principal of debt when compared with other borrowers.The government also noted how the student debt burden falls disproportionately on Black borrowers. “Twenty years after first enrolling in school, the typical Black borrower who started college in the 1995-96 school year still owed 95% of their original student debt,” the White House factsheet on student debt reads. On the other hand, critics of Broad-based cancellation of loans point out how a one-time loan cancellation may fail to address the underlying causes of crushing loan debt. One major cause is the skyrocketing cost of education and the need for an overhaul of the system. Analysts have highlighted that policies providing broad loan cancellation may result in higher-income households receiving more cancellation benefits compared to lower-income households when the total dollar amounts cancelled or the savings in annual debt service payments are looked at. Besides, large cancellation plans may also significantly impact federal budgets and debt.Q.Which of the following statements best summarizes the passages major point, according to the text?a)The rising expense of schooling has caused a massive and unmanageable debt load.b)As a result of the increased cost of schooling, wages have stagnated.c)Federal grants and scholarships have been adequate in addressing students financial requirements and defraying the expense of higher education.d)While there may be unfairness in loan cancellation schemes, some groups bear a heavy disproportionate weight.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of Directions: Read the following passage carefully and answer the questions.Proposals for broadscale student loan debt relief — including cancellation of all or a portion of federal student loan debt — have gained considerable attention in recent years. As the cost of education increases while wages stagnate, it has become harder for students to pay off their loans. Studies also point out how federal grants and scholarships have not kept pace with the increasing cost of education and attendance. President Biden has explained the need for loan cancellation by arguing that higher education “should be a ticket to a middle-class life, but for too many, the cost of borrowing for college is a lifelong burden that deprives them of that opportunity.” A White House factsheet notes that middle-class American borrowers struggle with high monthly payments and “ballooning balances that make it harder for them to build wealth”. CRS Research also points to the composition of borrowers, of which “black students were more likely to borrow” loans for undergraduate and graduate education “relative to any other racial or ethnic subgroup”. It also finds that certain groups of borrowers (Black, American Indian, and lower-income borrowers) have made less progress in paying down the original principal of debt when compared with other borrowers.The government also noted how the student debt burden falls disproportionately on Black borrowers. “Twenty years after first enrolling in school, the typical Black borrower who started college in the 1995-96 school year still owed 95% of their original student debt,” the White House factsheet on student debt reads. On the other hand, critics of Broad-based cancellation of loans point out how a one-time loan cancellation may fail to address the underlying causes of crushing loan debt. One major cause is the skyrocketing cost of education and the need for an overhaul of the system. Analysts have highlighted that policies providing broad loan cancellation may result in higher-income households receiving more cancellation benefits compared to lower-income households when the total dollar amounts cancelled or the savings in annual debt service payments are looked at. Besides, large cancellation plans may also significantly impact federal budgets and debt.Q.Which of the following statements best summarizes the passages major point, according to the text?a)The rising expense of schooling has caused a massive and unmanageable debt load.b)As a result of the increased cost of schooling, wages have stagnated.c)Federal grants and scholarships have been adequate in addressing students financial requirements and defraying the expense of higher education.d)While there may be unfairness in loan cancellation schemes, some groups bear a heavy disproportionate weight.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: Read the following passage carefully and answer the questions.Proposals for broadscale student loan debt relief — including cancellation of all or a portion of federal student loan debt — have gained considerable attention in recent years. As the cost of education increases while wages stagnate, it has become harder for students to pay off their loans. Studies also point out how federal grants and scholarships have not kept pace with the increasing cost of education and attendance. President Biden has explained the need for loan cancellation by arguing that higher education “should be a ticket to a middle-class life, but for too many, the cost of borrowing for college is a lifelong burden that deprives them of that opportunity.” A White House factsheet notes that middle-class American borrowers struggle with high monthly payments and “ballooning balances that make it harder for them to build wealth”. CRS Research also points to the composition of borrowers, of which “black students were more likely to borrow” loans for undergraduate and graduate education “relative to any other racial or ethnic subgroup”. It also finds that certain groups of borrowers (Black, American Indian, and lower-income borrowers) have made less progress in paying down the original principal of debt when compared with other borrowers.The government also noted how the student debt burden falls disproportionately on Black borrowers. “Twenty years after first enrolling in school, the typical Black borrower who started college in the 1995-96 school year still owed 95% of their original student debt,” the White House factsheet on student debt reads. On the other hand, critics of Broad-based cancellation of loans point out how a one-time loan cancellation may fail to address the underlying causes of crushing loan debt. One major cause is the skyrocketing cost of education and the need for an overhaul of the system. Analysts have highlighted that policies providing broad loan cancellation may result in higher-income households receiving more cancellation benefits compared to lower-income households when the total dollar amounts cancelled or the savings in annual debt service payments are looked at. Besides, large cancellation plans may also significantly impact federal budgets and debt.Q.Which of the following statements best summarizes the passages major point, according to the text?a)The rising expense of schooling has caused a massive and unmanageable debt load.b)As a result of the increased cost of schooling, wages have stagnated.c)Federal grants and scholarships have been adequate in addressing students financial requirements and defraying the expense of higher education.d)While there may be unfairness in loan cancellation schemes, some groups bear a heavy disproportionate weight.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Directions: Read the following passage carefully and answer the questions.Proposals for broadscale student loan debt relief — including cancellation of all or a portion of federal student loan debt — have gained considerable attention in recent years. As the cost of education increases while wages stagnate, it has become harder for students to pay off their loans. Studies also point out how federal grants and scholarships have not kept pace with the increasing cost of education and attendance. President Biden has explained the need for loan cancellation by arguing that higher education “should be a ticket to a middle-class life, but for too many, the cost of borrowing for college is a lifelong burden that deprives them of that opportunity.” A White House factsheet notes that middle-class American borrowers struggle with high monthly payments and “ballooning balances that make it harder for them to build wealth”. CRS Research also points to the composition of borrowers, of which “black students were more likely to borrow” loans for undergraduate and graduate education “relative to any other racial or ethnic subgroup”. It also finds that certain groups of borrowers (Black, American Indian, and lower-income borrowers) have made less progress in paying down the original principal of debt when compared with other borrowers.The government also noted how the student debt burden falls disproportionately on Black borrowers. “Twenty years after first enrolling in school, the typical Black borrower who started college in the 1995-96 school year still owed 95% of their original student debt,” the White House factsheet on student debt reads. On the other hand, critics of Broad-based cancellation of loans point out how a one-time loan cancellation may fail to address the underlying causes of crushing loan debt. One major cause is the skyrocketing cost of education and the need for an overhaul of the system. Analysts have highlighted that policies providing broad loan cancellation may result in higher-income households receiving more cancellation benefits compared to lower-income households when the total dollar amounts cancelled or the savings in annual debt service payments are looked at. Besides, large cancellation plans may also significantly impact federal budgets and debt.Q.Which of the following statements best summarizes the passages major point, according to the text?a)The rising expense of schooling has caused a massive and unmanageable debt load.b)As a result of the increased cost of schooling, wages have stagnated.c)Federal grants and scholarships have been adequate in addressing students financial requirements and defraying the expense of higher education.d)While there may be unfairness in loan cancellation schemes, some groups bear a heavy disproportionate weight.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Directions: Read the following passage carefully and answer the questions.Proposals for broadscale student loan debt relief — including cancellation of all or a portion of federal student loan debt — have gained considerable attention in recent years. As the cost of education increases while wages stagnate, it has become harder for students to pay off their loans. Studies also point out how federal grants and scholarships have not kept pace with the increasing cost of education and attendance. President Biden has explained the need for loan cancellation by arguing that higher education “should be a ticket to a middle-class life, but for too many, the cost of borrowing for college is a lifelong burden that deprives them of that opportunity.” A White House factsheet notes that middle-class American borrowers struggle with high monthly payments and “ballooning balances that make it harder for them to build wealth”. CRS Research also points to the composition of borrowers, of which “black students were more likely to borrow” loans for undergraduate and graduate education “relative to any other racial or ethnic subgroup”. It also finds that certain groups of borrowers (Black, American Indian, and lower-income borrowers) have made less progress in paying down the original principal of debt when compared with other borrowers.The government also noted how the student debt burden falls disproportionately on Black borrowers. “Twenty years after first enrolling in school, the typical Black borrower who started college in the 1995-96 school year still owed 95% of their original student debt,” the White House factsheet on student debt reads. On the other hand, critics of Broad-based cancellation of loans point out how a one-time loan cancellation may fail to address the underlying causes of crushing loan debt. One major cause is the skyrocketing cost of education and the need for an overhaul of the system. Analysts have highlighted that policies providing broad loan cancellation may result in higher-income households receiving more cancellation benefits compared to lower-income households when the total dollar amounts cancelled or the savings in annual debt service payments are looked at. Besides, large cancellation plans may also significantly impact federal budgets and debt.Q.Which of the following statements best summarizes the passages major point, according to the text?a)The rising expense of schooling has caused a massive and unmanageable debt load.b)As a result of the increased cost of schooling, wages have stagnated.c)Federal grants and scholarships have been adequate in addressing students financial requirements and defraying the expense of higher education.d)While there may be unfairness in loan cancellation schemes, some groups bear a heavy disproportionate weight.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Read the following passage carefully and answer the questions.Proposals for broadscale student loan debt relief — including cancellation of all or a portion of federal student loan debt — have gained considerable attention in recent years. As the cost of education increases while wages stagnate, it has become harder for students to pay off their loans. Studies also point out how federal grants and scholarships have not kept pace with the increasing cost of education and attendance. President Biden has explained the need for loan cancellation by arguing that higher education “should be a ticket to a middle-class life, but for too many, the cost of borrowing for college is a lifelong burden that deprives them of that opportunity.” A White House factsheet notes that middle-class American borrowers struggle with high monthly payments and “ballooning balances that make it harder for them to build wealth”. CRS Research also points to the composition of borrowers, of which “black students were more likely to borrow” loans for undergraduate and graduate education “relative to any other racial or ethnic subgroup”. It also finds that certain groups of borrowers (Black, American Indian, and lower-income borrowers) have made less progress in paying down the original principal of debt when compared with other borrowers.The government also noted how the student debt burden falls disproportionately on Black borrowers. “Twenty years after first enrolling in school, the typical Black borrower who started college in the 1995-96 school year still owed 95% of their original student debt,” the White House factsheet on student debt reads. On the other hand, critics of Broad-based cancellation of loans point out how a one-time loan cancellation may fail to address the underlying causes of crushing loan debt. One major cause is the skyrocketing cost of education and the need for an overhaul of the system. Analysts have highlighted that policies providing broad loan cancellation may result in higher-income households receiving more cancellation benefits compared to lower-income households when the total dollar amounts cancelled or the savings in annual debt service payments are looked at. Besides, large cancellation plans may also significantly impact federal budgets and debt.Q.Which of the following statements best summarizes the passages major point, according to the text?a)The rising expense of schooling has caused a massive and unmanageable debt load.b)As a result of the increased cost of schooling, wages have stagnated.c)Federal grants and scholarships have been adequate in addressing students financial requirements and defraying the expense of higher education.d)While there may be unfairness in loan cancellation schemes, some groups bear a heavy disproportionate weight.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CLAT tests.