Sunday, Mar 07, 2021 - 22:38:45
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on student loan relief:

    Ron DeSantis on Rush Limbaugh: Governor will order flags flown at half-staff to honor controversial radio host UN nuclear watchdog chief starts Tehran talks as deadline looms A multistate coalition of Democratic attorneys general is calling on President Joe Biden to cancel up to $50,000 in student debt per borrower.  © joseph prezioso/Agence France-Presse/Getty Images The letter from 17 state law enforcement officials, led by Massachusetts attorney general Maura Healey and New York attorney general Letitia James, comes just days after Biden appeared to reject the idea of cancelling that level of student debt in a CNN Townhall.  Load Error The attorneys general cited their experience enforcing consumer protection laws as motivating their support for cancellation. Over the past several years, attorneys general, including Healey and Vice President Kamala Harris when she was attorney general of California, have been at the forefront of investigating the conduct of for-profit...
    Rep. Alexandria Ocasio-Cortez (D-NY) expressed a sense of urgency for the Biden administration to address student loan debt in a significant way by forgiving more than $10,000 per student after President Joe Biden’s failure during Tuesday’s CNN town hall to commit to doing so. “Very wealthy people already have a student loan forgiveness program. It’s called their parents,” Ocasio Cortez said on Wednesday amid reports of the Biden administration remaining relatively unclear on its position concerning student loan debt forgiveness. “The idea that millionaires and billionaires are willingly letting their kids drown in federal student loans & that’s why we can’t go big on forgiveness is about as silly as it sounds,” she said, identifying $30,000 as the “average” student loan debt in the United States. “Many won’t fully feel $10k in forgiveness until after a Biden presidency is over, when they’ve spent 10 years paying off the other $20k+,”...
    The White House and left-wing Democrats are likely heading for blows after President Biden appeared to close the door on several of their top demands, threatening to splinter the party. The president used his first town hall in office to pour cold water on the liberals’ calls for $50,000 worth of student loan relief per person and also took a step away from them as he signaled he is open to negotiating a minimum wage hike to a point less than their preferred $15 per hour. His comments put the two long-standing demands from progressive lawmakers and activists in jeopardy. Biden has backed a measure to relieve $10,000 worth of student loans per person. That's a fraction of the $50,000 threshold hard-left lawmakers and activists are pushing for. “I will not make that happen,” Biden said Tuesday at the CNN town hall in Milwaukee, Wisconsin, of the higher figure....
              After a Tuesday evening town hall, president Joe Biden said he will not cancel up to $50,000 of student loans, prompting backlash from the progressive wing of his own party. “I will not make that happen,” Biden said when asked what he will do to cancel up to $50,000 in student loans. His further statement was unclear, but he appeared to suggest that he would consider canceling student debt from borrowers who attended public universities. “It depends on whether or not you go to a private university or public university,” he said. “It depends on the idea that I say to a community, ‘I’m going to forgive the debt, the billions of dollars of debt, for people who have gone to Harvard and Yale and Penn.’” Rep. Ilhan Omar (D-MN-05) took to Twitter Wednesday to launch into a tirade about student debt. “As...
    White House Press Secretary Jen Psaki reversed President Joe Biden’s claim that he does not support a federal bailout for student loan debt during a press conference Wednesday. President Joe Biden said Tuesday night at a CNN town hall that he would not support bailing out graduates with $50,000 loan forgiveness unless the legislation is narrowly tailored. From the Biden town hall on CNN last night, this questioner asked about canceling $50,000 worth of student debt: “What will you do to make that happen?”“I will not make that happen.” pic.twitter.com/Y7auUT2YQZ — The Recount (@therecount) February 17, 2021 But within twenty-four hours the White House has corrected course, saying the Administration is indeed weighing options to forgive up to $50,000 in student debt. On student loan debt, @PressSec says POTUS has told Democratic Senators that he will ask the justice department to conduct a review on how student debt relief should...
    When President Joe Biden said Tuesday he was "prepared to write off" $10,000 in student loan debt, but not $50,000, he delivered a gut punch to the many young voters who turned out in historic numbers last November and heavily favored Democrats by a 2-to-1 margin. Democratic Sens. Chuck Schumer and Elizabeth Warren have been pushing for the cancellation of $50,000 in student loan debt via executive order—a power they argue is within Biden's discretion because the Higher Education Act of 1965 authorizes the U.S. Secretary of Education to cancel student loans. But when Biden was asked Tuesday night at a CNN town hall if he would commit to cancelling $50,000 in debt, he answered, "I will not make that happen." Instead, Biden said he was open to cancelling up to $10,000 in debt through legislation.  "I understand the impact of debt, and it can be debilitating,” he said, noting...
    San Diego high-school sweethearts die of Covid-19 hours apart after one last family video call Prince Philip, 99, taken to hospital after ‘feeling unwell’: reports President Joe Biden shot down a proposal to cancel $50,000 in student loan debt for every borrower Tuesday, despite pressure from leading Democratic lawmakers to do just that.  © saul loeb/Agence France-Presse/Getty Images During a CNN town hall Tuesday evening, an audience member told Biden that student debt is “crushing” her friends, family and fellow Americans. Load Error “We need student loan forgiveness beyond the potential $10,000 your administration has proposed,” she said. “We need at least a $50,000 minimum. What will you do to make that happen?” “I will not make that happen,” Biden responded.  The exchange came roughly two weeks after Democratic Senators Chuck Schumer and Elizabeth Warren reintroduced a resolution calling on Biden to cancel up to $50,000 in student...
    Washington (CNN)Senate Majority Leader Chuck Schumer and Massachusetts Sen. Elizabeth Warren once again called on President Joe Biden to use executive authority to cancel student debt on Thursday -- but the President wants Congress to act first. "The President has and continues to support canceling $10,000 of federal student loan debt per person as a response to the Covid crisis," White House press secretary Jen Psaki said at a briefing. She added that that the President is "calling on Congress to draft the proposal," and "looks forward to signing it."Biden extends student loan payment deferrals until OctoberIn one of his first acts in office, Biden extended the pause on student loan payments and interest, a Covid relief benefit put in place by Congress last year that had already been renewed by the Trump administration. Federal student loan borrowers won't have to make payments until October 1 at the earliest. But...
    WASHINGTON -- The Biden administration is reviewing whether it can take steps to provide student debt relief through executive action, even as it continues to call on Congress to pass legislation to help borrowers and their families.A tweet by White House press secretary Jen Psaki appeared to go further than her comments at a briefing earlier Thursday, when she said President Joe Biden was looking to Congress to act next on student loan relief. Biden has said he supports up to $10,000 in student loan forgiveness per borrower."The President continues to support the cancelling of student debt to bring relief to students and families," Psaki tweeted. "Our team is reviewing whether there are any steps he can take through executive action and he would welcome the opportunity to sign a bill sent to him by Congress." The President continues to support the cancelling of student debt to bring relief to...
    By COLLIN BINKLEY, AP Education Writer The Biden administration is reviewing whether it can take steps to provide student debt relief through executive action, even as it continues to call on Congress to pass legislation to help borrowers and their families. A tweet by White House press secretary Jen Psaki appeared to go further than her comments at a briefing earlier Thursday, when she said President Joe Biden was looking to Congress to act next on student loan relief. Biden has said he supports up to $10,000 in student loan forgiveness per borrower. “The President continues to support the cancelling of student debt to bring relief to students and families,” Psaki tweeted. “Our team is reviewing whether there are any steps he can take through executive action and he would welcome the opportunity to sign a bill sent to him by Congress.” That came hours after a group of Democrats...
    The Biden administration is reviewing whether it can take steps to provide student debt relief through executive action, even as it continues to call on Congress to pass legislation to help borrowers and their families. A tweet by White House press secretary Jen Psaki appeared to go further than her comments at a briefing earlier Thursday, when she said President Joe Biden was looking to Congress to act next on student loan relief. Biden has said he supports up to $10,000 in student loan forgiveness per borrower. “The President continues to support the cancelling of student debt to bring relief to students and families,” Psaki tweeted. “Our team is reviewing whether there are any steps he can take through executive action and he would welcome the opportunity to sign a bill sent to him by Congress.” That came hours after a group of Democrats urged Biden to use executive action...
    HOUSTON, Texas -- At the request of President Joe Biden, acting Secretary of Education will extend the pause on Federal Student Loan payments and collections and keep the interest rate at 0% through Sept. 30.The extension was announced Wednesday evening, days before the moratorium is set to expire at the end of this month .SEE MORE: President-elect Biden's loan forgiveness proposal comes as welcome news for one Houston college student"Too many Americans are struggling to pay for basic necessities and to provide for their families. They should not be forced to choose between paying their student loans and putting food on the table," a statement from the U.S. Department of Education read.Biden's plan to help ease the student loan burden on many Americans includes a proposal to forgive at least $10,000 of it.Although the proposal was part of Biden's presidential campaign, all the details haven't been released.About 41 million Americans...
    University of California Los Angeles students and supporters protest a 32% tuition hike on Nov. 19, 2009, in Los Angeles. Senate Minority Leader Charles Schumer seems to have suggested in a recent interview that President-elect Joe Biden bypass Congress and push up to $50,000 of student loan relief per person through via executive order in the first 100 days of his presidency. It’s not necessarily a new idea. Schumer and Sen. Elizabeth Warren announced a resolution in September that would accomplish the same goal, and President Donald Trump has certainly been no stranger to executive orders. He's published at least 57 this year alone, according to the Federal Register. But when Schumer made the suggestion, it triggered a firestorm of both criticism and praise on Twitter, with the hashtag “cancel student debt” trending for much of the afternoon Monday. “I think Dems are wildly underestimating the intensity of anger college loan cancelation is...
    The boxer who ended Mike Tysons career in 2005, who is now a tree trimmer, wants another shot at him after his fight with Roy Jones Jr. 20 Cooking Hazards That Could Have Disastrous Results Student Loan Borrowers: Don’t Wait on Congress for More Relief Federal student loan borrowers haven't had to make payments since March. But without continued government intervention, those unable to pay can expect long waits for help come October when bills are scheduled to restart. © Getty Images An income-driven repayment plan may be your best option if you can't afford your payments. Automatic, interest-free forbearance provided by the first coronavirus relief package was not extended by the Health, Economic Assistance, Liability Protection and Schools Act proposed by Senate Republicans. There’s no additional relief for student loan borrowers in the proposal. Load Error While that legislation could still change, your best safeguard if your...
    This article is reprinted by permission from NerdWallet. Student loan borrowers were targets for scams before the coronavirus pandemic hit. The longer people struggle, the more desperate they become, and that’s when scammers and fraudsters thrive. “They’re using the same playbook, but more aggressively,” says Seth Frotman, executive director of the Student Borrower Protection Center, a Washington, D.C.-based nonprofit. There’s no single scam related to coronavirus relief or specific company to pinpoint that is being prosecuted right now, says Leslie Tayne, a debt-relief attorney and founder of Tayne Law Group. But fraudsters are still out there. There are two main types of scams, says Frotman. In one scam, a company will charge to enroll you in a benefit you could have accessed free, such as a federal income-driven repayment plan. Tayne says she most often sees scammers promising to get borrowers into a loan deferment program in exchange for payment. In...
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