Business
Kamala Harris’ Stance On Student Loans: A Look At Her Career And Potential Presidency
Vice President Kamala Harris has been a consistent advocate for student loan forgiveness and relief measures throughout her career. As the potential Democratic nominee for the 2024 presidential election, her stance on student loans could have a significant impact on voters, particularly among young adults and those burdened by student debt.
As Attorney General of California, Harris took action against for-profit colleges for deceptive practices, filing charges against Corinthian Colleges and its subsidiaries in 2013. She obtained a $1.1 billion judgment against the defunct chain in 2016. That same year, she joined attorneys general from 16 other states and the District of Columbia to urge the Department of Education to provide relief to students affected by dishonest practices by for-profit schools.
In the Senate, Harris co-sponsored several bills aimed at making college more affordable. In 2017, she signed on to Sen. Bernie Sanders and Rep. Pramila Jayapal’s College For All Act, which proposed making four-year public colleges and universities free for families making up to $125,000 and community college free for everyone. Although the bill did not become law, it demonstrated Harris’ commitment to addressing the issue of student debt.
In 2019, Harris joined her colleagues in reintroducing the Debt-Free College Act, which proposed providing a dollar-for-dollar federal match to state colleges in exchange for a commitment to help students pay for the full cost of attendance without taking on debt. She also introduced the BASIC Act, which aimed to provide grants to colleges to help eligible students with basic needs like food, housing, transportation, and healthcare. Neither bill became law, but they highlighted Harris’ ongoing efforts to address the issue of student debt.
As a Democratic presidential hopeful in 2019, Harris proposed a smaller student loan forgiveness plan than what she eventually supported as Biden’s vice president. Her plan focused on loan forgiveness for Pell Grant recipients who started and operated businesses in disadvantaged communities for at least three years. Although the plan was criticized for being too narrow, it demonstrated Harris’ willingness to think creatively about addressing the issue of student debt.
As vice president, Harris has supported President Biden’s efforts to cancel student loans. She initially backed broad forgiveness of between $10,000 and $20,000 for every borrower, although the plan was blocked by the Supreme Court. Biden’s new plan to achieve broad forgiveness from a different angle is pending, and analysts believe that Harris may try to see it through if she wins the election in November.
Analysts say that Harris’ stance on student loans could influence voters in November, particularly among Democrats and those with personal experience with student debt. A recent survey found that 58% of Democrats and 54% of those currently paying student loans consider forgiveness important. However, support varies based on partisanship and personal experience.
If Harris becomes president, she may also focus on consumer protection and antitrust laws to hold for-profit institutions accountable. She may take greater legal action against for-profit colleges, as she did when she was California’s attorney general. Additionally, she may propose smaller measures, such as eliminating origination fees levied on borrowers when they take out federal loans for school.
Overall, Kamala Harris’ stance on student loans reflects her commitment to addressing the issue of student debt and making college more affordable. As the potential Democratic nominee for the 2024 presidential election, her position on this issue could have a significant impact on voters
The Chair of the CARICOM Council for Trade and Economic Development (COTED), Hon. Kerrie Symmonds, has emphasized the critical role of the Council in addressing the challenges facing businesses in the region due to the turbulence in the global trading system.
Minister Symmonds, who is also the Minister of Foreign Affairs and Foreign Trade of Barbados, made the call at the opening of the Sixtieth Regular Meeting of COTED at the CARICOM Secretariat Headquarters in Georgetown, Guyana.
According to Minister Symmonds, the global trading system and economy are now confronted with unprecedented turmoil, which has resulted in cancelled export orders, new and unexpected tariffs, and uncertainties that are affecting the business community.
He stressed the importance of ensuring that CARICOM’s exports enter global markets with minimal barriers.
“The question of whether our exports can enter markets with the least possible barriers and whether imports reach us in a timely, safe, and affordable manner, will all impact the performance of our economies and determine whether we thrive or struggle as a Community,” Minister Symmonds stated.
The meeting, which took place from June 10-11, brought together CARICOM trade ministers to address key issues, including the Caribbean Single Market and Economy (CSME), the proposed implementation of the revised Common External Tariff (CET), and progress of the Sectoral Working Group reviewing CARICOM Rules of Origin.
The ministers also discussed external trade issues, such as the impact of the America First Policy on CARICOM, negotiations on CARICOM-Colombia trade agreements, and Belize’s partial scope agreement with El Salvador.
Other agenda items included regional standards, report on the industrial policy, and public procurement mechanisms.
The meeting aimed to find solutions to the challenges facing the region’s trade and economy, and to promote economic growth and development in the CARICOM community.
Foreign investment outflow from the Nigerian stock market (NGXchange) has risen by 250.86 percent, Quarter-on-Quarter, QoQ, to N420.37 billion in the first Quarter, Q1’25, from N119.81 billion in the corresponding period of 2024, Q1’24.
The Nigerian Exchange Limited, NGX, disclosed this in its foreign portfolio report.
According to the report, foreign investment outflow also exceeded inflow by 20 percent or N20.11 billion in Q1’25. Despite the outflow, foreign investment inflow rose by 275 percent, Year-on-Year, YoY, to N349.97 billion in Q1’25 from N93.37 billion in Q1’24.
The NGX also revealed that N2.23 trillion equity transactions were recorded by both domestic and foreign investors in Q1’25.
The figure surpassed the N1.54 trillion recorded in the same period of 2024, representing an increase of N690 billion or 44.8 percent.
In March 2025, foreign transactions outperformed domestic transactions by circa 26 percent.
According to the NGX, foreign transactions increased significantly by 1,541 percent to N699.89 billion in March 2025 from N42.65 billion in February 2025.
On the other hand, domestic transactions decreased by 10.98 percent Month-on-Month, MoM, to N415.62 billion in March 2025 from N466.82 billion in February 2025.
Domestic inflow and outflow also declined in the reviewed period.
Liberia’s Minister of Commerce and Industry, Magdalene E. Dagoseh, has highlighted the country’s immense investment potential at the 2025 Liberia Investment Conference.
The two-day forum, which brought together investors, policymakers, and business leaders, aimed to explore investment opportunities in Liberia.
Minister Dagoseh emphasized Liberia’s commitment to creating a conducive business environment, citing minimal financial barriers and a welcoming regulatory framework.
“Liberia is a place of authority of opportunity, where transformation can take place at all levels,” she stated.
The conference showcased Liberia’s investment potential in various sectors, including agriculture, mining, infrastructure, and services.
The agriculture sector, for instance, offers opportunities for investment in crop production, livestock farming, and agro-processing.
She remarked that by investing in Liberia, companies can tap into the country’s growing market and contribute to its economic development.
Diaspora Watch reports that Liberia aims to attract foreign investment, stimulate economic growth, and reduce poverty by showcasing its investment potential.
With its strategic location, natural resources, and growing economy, Liberia is an attractive destination for investors.
The 2025 Liberia Investment Conference marked a significant step towards achieving these goals, highlighting Liberia’s investment potential to a global audience.
Liberia’s investment potential is enormous, and the country is committed to creating a conducive business environment to attract investors and drive economic growth.
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