Tag Archives: Student

Education Department revokes Trump-era rules that protected student loan servicers

The New York Times Prosecutors Investigating Whether Ukrainians Meddled in 2020 Election Federal prosecutors in Brooklyn have been investigating whether several Ukrainian officials helped orchestrate a wide-ranging plan to meddle in the 2020 presidential campaign, including using Rudy Giuliani to spread their misleading claims about President Joe Biden and tilt the election in Donald Trump’s favor, according to people with knowledge of the matter. The criminal investigation, which began… Source link

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Greenville student wins statewide Google competition, going for national win

Greenville student Jakkula Chaitanya has been chosen as the Doodle for Google Competition winner for the state of Mississippi. Being chosen as the state-wide Doodle for Google winner, Chaitanya is now eligible to become the national winner of the competition. The Doodle for Google Competition is designed to encourage eligible U.S. school students and their parents/guardians on their behalf to use their creativity to create their own interpretation of the… Source link

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Former Education Department boss argues against student loan forgiveness and free community college

An Education Department (ED) secretary during the George W. Bush administration said she was opposed to student debt cancellation and free community college because those policies would distort the value and price of post-secondary education credentials. “We need to empower consumers with better information about how much they spend and what the value of it is in the marketplace,” former Education Secretary Margaret Spellings said on Yahoo Finance Live (video above). “We need to reward… Source link

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Who has student loan debt for Biden to cancel? Surprisingly, millions of boomers

Who has student loan debt for Biden to cancel? Surprisingly, millions of boomers It’s not just Americans in their 20s, 30s and 40s who are looking for relief from student loan debt. An estimated 8.4 million people in their pre-retirement years are burdened with school debt, too — from their own time in college decades earlier or from loans taken out for children or grandchildren. Student loan debt held by borrowers in their 50s and 60s is growing rapidly and threatening retirement security,… Source link

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Student loan reform crusader mounts campaign for Trump ally’s House seat

A bankruptcy attorney specializing in student loan debt is running as a Democrat for a New York House seat that is currently held by a staunch Trump ally. Austin Smith, in his first bid for public office, launched a campaign for the 2022 House office currently held by Rep. Lee Zeldin (R-NY) in the 1st congressional district of New York, representing eastern Long Island. “I’m a bit old fashioned and for all my rabble-rousing in my legal career to date, I am skeptical of utopias and weary of… Source link

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Student loan forgiveness would be a ‘huge boost to our economy,’ Warren argues

Prominent Democrats continue to urge a skeptical President Biden to cancel $50,000 in federally held student loan debt via executive action (as opposed to legislation passed by Congress). In an interview with Yahoo Finance, Senator Elizabeth Warren (D-MA) explained why she and others believe that cancellation would have a stimulus-like effect on the U.S. economy. “It’s going to be a huge, huge boost to our economy,” Warren, who chairs the Subcommittee on Economic Policy at the Senate… Source link

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Senator Warren: U.S. bankruptcy system is 'fundamentally wrong' on student debt – Yahoo Finance

The New York Times ‘No Victory Dance’: Veterans of Afghan War Feel Torn Over Pullout Was it worth it? After two decades of midnight watches and gut-twisting patrols down bomb-riddled roads, after all the deaths and bloodshed and lost years, that was the one inescapable question on Wednesday among many of the 800,000 Americans who have served in Afghanistan since 2001. “There’s no easy answer, no victory dance, no ‘we were right and they were wrong,’” said Jason Dempsey, 49, who… Source link

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Senator Elizabeth Warren breaks down America’s ‘broken student loan system’

Senator Elizabeth Warren (D-MA) grilled two student loan servicers and hosted experts at a student loan hearing on Tuesday before sitting down with Yahoo Finance to describe her argument for President Biden to unilaterally cancel $50,000 in federally-backed student loans for tens of millions of Americans. “Overall, in this hearing, it was perfectly clear [that] we have a broken student loan system,” Warren, chairwoman of the Subcommittee on Economic Policy at the Senate Committee on Banking,… Source link

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Divorced student debtors detail anguish over 1990s law that’s turned into a ‘nightmare’

Problems with student loan debt pushed Congress to create a seemingly straightforward law in the 1990s to help borrowers lower default rates by consolidating debt with their spouses. Two decades later, divorced borrowers are struggling with the unforeseen consequences. “This problem, in particular, is a great metaphor for how broken the student loan system is,” Bonnie Latreille, director of research and advocacy at the Student Borrower Protection Center, told Yahoo Finance. “This product was… Source link

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