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☆ Elon Musk wants to use AI to summarize the news on Twitter and ... it's not a terrible idea?
▼ + stars: | 2024-05-03 | by ( Peter Kafka | ) www.businessinsider.com time to read: +6 min

Elon Musk wants to combine Twitter and Grok, his AI engine, and create a news machine. Elon Musk thinks news is something different: It's what people talk about on the service formerly known as Twitter. Musk said Grok will not look directly at article text, and will instead rely solely on social posts. Definitely not in the Elon Musk era of the company formerly known as Twitter. The to-be-sures: Yes, you'd be foolish to rely on an Elon Musk-run AI machine for factual information.

Persons: Elon Musk, Grok, —, Alex Kantrowitz, Musk, Igor Babuschkin, xAI, CNN —, it's, you'd, Ben, Elon Musk's, It's Organizations: Twitter, Service, Elon, CNN, Google Locations: London

☆ What borrowers need to know as the Public Service Loan Forgiveness program goes on a partial processing pause
▼ + stars: | 2024-05-03 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Fg Trade | E+ | Getty ImagesThe popular Public Service Loan Forgiveness program began a partial processing pause on May 1, which will likely run through July, the U.S. Department of Education recently said. The temporary suspension comes as the Biden administration overhauls the once-troubled federal student loan program. Why the pause is happeningWhat borrowers can expect during the transitionThe Education Department will not review PSLF form submissions for roughly a two-month period, it says. Meanwhile, from May 1 through July, it says, "borrowers will not be able to see their PSLF payment counts on MOHELA's website." "During the transition, PSLF forgiveness will be suspended," said higher education expert Mark Kantrowitz.

Persons: Biden, Mark Kantrowitz Organizations: Public, U.S . Department of Education, Education Department

☆ The Education Department will transfer some student loan borrowers to a different servicer. Here's what you need to know
▼ + stars: | 2024-05-02 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

J. David Ake | Getty ImagesIf your current federal student loan servicer is Mohela, or the Missouri Higher Education Loan Authority, the U.S. Department of Education said it will soon transfer some student loan borrowers to different servicers. Change impacts Mohela borrowersThe Education Department began transferring a portion of Mohela's borrowers this week to different companies, it said in an April 29 blog post. "A different servicer will begin managing these loans and assisting these borrowers," the department said. The Education Department contracts with different companies to service its federal student loans, including Mohela, Nelnet and EdFinancial. Why the transfer is happeningWhat borrowers should do amid transitionBorrowers who are being transferred to a different servicer should receive alerts from Mohela and their new servicer, the Education Dept.

Persons: David Ake, servicer, Mark Kantrowitz Organizations: US Department of Education, Missouri Higher Education Loan Authority, U.S . Department of Education, Education Department, The Education Locations: Washington ,, Missouri, Mohela

☆ An important student loan forgiveness deadline is hours away — and it takes under 15 minutes to apply
▼ + stars: | 2024-04-30 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

urbazonSome student loan borrowers have until the end of Tuesday to take advantage of an opportunity to get their debt forgiven sooner than they would have otherwise. If these borrowers are enrolled in an income-driven repayment plan, it can mean that they're also on multiple different timelines to forgiveness. "This will ensure folks get the maximum number of months of credit towards student debt cancellation," Fox said. Usually, a student loan consolidation restarts a borrower's forgiveness timeline to zero, making it a terrible move for those working toward cancellation. You can apply for a Direct Consolidation Loan at StudentAid.gov or with your loan servicer.

Persons: Jane Fox, Fox, Mark Kantrowitz, Kantrowitz Organizations: Biden, Finance, Cash, Family, Parent, Perkins, CNBC

☆ Climate change could cost Americans born in 2024 nearly $500,000 in their lifetime
▼ + stars: | 2024-04-26 | by ( Annie Nova | ) www.cnbc.com time to read: +7 min

The October report found that around 13% of Americans reported economic hardship over the prior year due to climate change. Climate change could cost Americans born in 2024 nearly $500,000, due to higher taxes and pricier housing and food, among many other factors, ICF, a consulting firm, recently found in a report commissioned by Consumer Reports. Stan Honda | AFP | Getty ImagesOther health effects of climate change reflect more widespread shifts in global conditions. "There are clear interactions between heat waves and health conditions," said Charles Driscoll, a professor at Syracuse University who studies climate change. Climate change leads to droughts, which lead to crop failures, which cause food price spikes.

Persons: Chandan Khanna, Andrew Rumbach, Eva Marie Uzcategui, Wagner, Rumbach, Stan Honda, Charles Driscoll, Driscoll, Ringo H.W, Chiu, Mark Kantrowitz, Gernot Wagner Organizations: AFP, Getty, U.S . Department of, Treasury, Consumer Reports, Urban Institute, Bloomberg, U.S . Census, Insurance, Swiss Re Institute, Health, Natural Resources Defense, Syracuse University, International Labour Organization, Kaiser Family Foundation, of Labor Statistics, Columbia Business Locations: Fort Lauderdale , Florida, U.S, Fort Myers Beach , Florida, Florida , Louisiana, California, Hurricane, Queens, New York, Malibu, Malibu , Calif

☆ Alphabet is 'back from the dead': Big Tech's Alex Kantrowitz
▼ + stars: | 2024-04-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlphabet is 'back from the dead': Big Tech's Alex KantrowitzAlex Kantrowitz, Big Technology founder, joins 'Closing Bell' to discuss his takeaway from mega cap tech earnings this week and his expectation for the rest of the sector next week.

Persons: Alex Kantrowitz Alex Kantrowitz Organizations: Big Technology

☆ A key deadline for student loan forgiveness consolidation is just days away. Here's what to know
▼ + stars: | 2024-04-25 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

Guido Mieth | DigitalVision | Getty ImagesBorrowers hoping for student loan forgiveness have just a few more days to act before an April 30 deadline. Those payments are typically lower than under the standard repayment plan, and can be zero in some cases. Usually, a student loan consolidation restarts a borrowers' forgiveness timeline, making it a terrible move for those working toward cancellation. What to know about consolidating your student loansAll federal student loans are eligible for consolidation, including Federal Family Education Loans, Parent Plus loans and Perkins Loans, Kantrowitz said. You can apply for a Direct Consolidation Loan at StudentAid.gov or with your loan servicer.

Persons: Guido Mieth, Mark Kantrowitz, Kantrowitz, Biden Organizations: DigitalVision, Getty, CNBC, Finance, Federal Family, Parent, Perkins Loans

☆ Going to be tough for Meta to find more areas of growth, says Alex Kantrowitz
▼ + stars: | 2024-04-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoing to be tough for Meta to find more areas of growth, says Alex KantrowitzAlex Kantrowitz, Founder of Big Technology, gives his expectations for Meta's earnings report.

Persons: Alex Kantrowitz Alex Kantrowitz Organizations: Meta, Big Technology

☆ Some students are still struggling to access college aid amid ongoing FAFSA 'disaster'
▼ + stars: | 2024-04-19 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

As enrollment deadlines approach, fewer students have figured out how they will afford college next year. Ongoing problems with the new Free Application for Federal Student Aid have delayed financial aid award letters and even prevented many high school seniors and their families from applying for aid at all. As of the latest update, roughly 7.3 million 2024-25 FAFSA applications have been submitted and sent to schools, according to the U.S. Department of Education, less than half of the more than 17 million students who use the FAFSA in ordinary years. Many institutions are now issuing aid with the information they have on hand, according to the Department of Education. "Students should know that they are not going through this alone, we will remain in regular communication with schools and students and encourage students to stay in touch with us and with their colleges," an Education Department spokesperson said.

Persons: Mark Kantrowitz, it's, Sandy Baum Organizations: Federal, Aid, U.S . Department of Education, Finance, Harvard, Urban Institute's Center, Education, Department of Education

☆ Watch CNBC's full interview with Jason Snipe, Alex Kantrowitz, and Joe Terranova
▼ + stars: | 2024-04-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Jason Snipe, Alex Kantrowitz, and Joe TerranovaJason Snipe, Odyssey Capital Advisors principal, Alex Kantrowitz, Big Technology founder, and Joe Terranova, senior managing director at Virtus Investment Partners, join CNBC's 'Closing Bell' to discuss what to watch in Netflix earnings, mega caps, and more.

Persons: Jason Snipe, Alex Kantrowitz, Joe Terranova Jason Snipe, Joe Terranova, CNBC's Organizations: Odyssey Capital Advisors, Big Technology, Virtus Investment Partners

☆ Biden’s new student loan forgiveness plan could start eliminating debts before the 2024 presidential election
▼ + stars: | 2024-04-10 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

US President Joe Biden speaks about student loan relief at Madison College in Madison, Wisconsin, on April 8, 2024. Andrew Caballero-reynolds | AFP | Getty ImagesThe Biden administration is moving ahead quickly with its new student loan forgiveness plan, with hopes of starting to wipe out people's debts as soon as this fall. Student loan forgiveness falls into that category, he said. Almost half of voters in a recent survey, or 48%, said canceling student loan debt is an important issue to them in the 2024 presidential and congressional elections. Issues like student loan forgiveness, which present a sharp contrast between Democrats and Republicans, are more likely to impact the election.

Persons: Joe Biden, Andrew Caballero, reynolds, Biden, Mark Kantrowitz, Kantrowitz, Gen, Donald Trump, Michael M, George W, Bush, Trump, Mark Organizations: Madison College, AFP, Getty, Republicans, Republican, Santiago, Public, Supreme Locations: Madison , Wisconsin, New York City

☆ Big Tech's Alex Kantrowitz doesn't believe Google or Intel's chips will cut into Nvidia's lead
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig Tech's Alex Kantrowitz doesn't believe Google or Intel's chips will cut into Nvidia's leadAlex Kantrowitz, Big Technology founder, joins 'Closing Bell' to discuss AI chips as Google announced its latest AI chip.

Persons: Alex Kantrowitz doesn't, Alex Kantrowitz Organizations: Big Technology, Google

☆ Biden administration will soon roll out a sweeping new student loan forgiveness plan
▼ + stars: | 2024-04-05 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden delivers remarks on canceling student debt at Culver City Julian Dixon Library on February 21, 2024 in Culver City, California. The Biden administration will soon roll out a sweeping new student loan forgiveness proposal that could impact millions of Americans. Almost half of all voters, or 48%, say canceling student loan debt is an important issue to them in the 2024 presidential and congressional elections, a recent survey found. Forgiving student debt could especially help Biden with young voters, a demographic he's been struggling with. Around 70% of Gen Z respondents said student debt cancelation was important to them in the election.

Persons: Joe Biden, Culver City Julian, Biden, Joe Biden's, Mark Kantrowitz, Gen, cancelation Organizations: Culver City, Culver City Julian Dixon Library, Street, Finance Locations: Culver City , California, Madison , Wisconsin

☆ There's a key deadline in April for borrowers hoping to get student loan forgiveness
▼ + stars: | 2024-03-24 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

Maria Korneeva | Moment | Getty ImagesThe Biden administration has set a key deadline for student loan borrowers hoping to get forgiveness. "The opportunity to consolidate loans will help many more borrowers to qualify for student loan forgiveness," said higher education expert Mark Kantrowitz. In normal times, consolidating your student loans can be a terrible move for those hoping to get rid of their debt as your forgiveness timeline is restarted. What to know about consolidating your student loansAll federal student loans are eligible for consolidation, including Federal Family Education Loans, Parent Plus loans and Perkins Loans, Kantrowitz said. Consolidating your loans shouldn't increase your monthly payment, since your bill under an income-driven repayment plan is based on your earnings and not your total debt, Kantrowitz said.

Persons: Maria Korneeva, Biden, Mark Kantrowitz, Kantrowitz Organizations: U.S . Department of, Finance, Harvard, Federal Family, Parent, Perkins Loans

☆ FAFSA 'fiasco' could cause decline in the number of students going to college, experts say
▼ + stars: | 2024-03-19 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

"Students have no confidence that they are going to get the financial aid they need to make college affordable and they are opting out." Under the new aid formula, an additional 2.1 million students should be eligible for the maximum Pell Grant, according to the U.S. Department of Education. However, given the slower pace of FAFSA applications being submitted, "the number of Pell Grant recipients will be about the same as last year, despite the new Pell Grant formula making it easier for students to qualify," Kantrowitz said. "The goal of FAFSA simplification was to increase the number of lower-income students applying. FAFSA completion paves the way to college

Persons: Anne Zinn, Kantrowitz, Pell Grant Organizations: National College, Network, Norwich Free Academy, U.S . Department of Education Locations: Norwich, Conn

☆ Biden wants to make student loan forgiveness tax-free permanently
▼ + stars: | 2024-03-18 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Sara Stathas | Bloomberg | Getty ImagesHow student loan forgiveness used to be taxedBefore that Covid-era change, any student loan debt canceled by the government was considered taxable and levied at the borrower's normal income tax rate. The federal tax bill could be hefty. watch now'Replacing education debt with tax debt'Many student loan borrowers who get forgiveness aren't able to afford a tax bill, Kantrowitz said. If borrowers sign up for a payment plan with the IRS, they're merely "replacing education debt with tax debt," Kantrowitz said. Other student debt forgiveness plans, including a popular one for public servants and another that cancels the debt for those with serious disabilities, are already nontaxable.

Persons: Joe Biden, Sara Stathas, Mark Kantrowitz, Kantrowitz, aren't, they're Organizations: Hillside Boys, Girls Club, Bloomberg, Getty Locations: Milwaukee , Wisconsin

☆ White House targets 'junk fees' on student loans and other higher education costs
▼ + stars: | 2024-03-15 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

The White House is talking up its actions to reduce the expenses burdening students, including moving to end origination fees on student loans. While most private lenders have done away with student loan origination fees, the federal government still charges them. Federal student loan borrowers can face expenses of 1% to 4% of their total borrowing amount. The White House said on Friday it considers these "junk fees," which it defined as "hidden costs or surprise fees that companies and institutions include on customer or student bills, increasing their costs." "By eliminating origination fees on federal student loans, borrowers should be able to borrow less to cover their costs," said Betsy Mayotte, president of The Institute of Student Loan Advisors, a nonprofit.

Persons: Joe Biden, Culver City Julian, Biden, Joe Biden's, Betsy Mayotte, Mark Kantrowitz Organizations: Culver City, Culver City Julian Dixon Library, Federal, Consumer, The, Student Loan Advisors, Finance Locations: Culver City , CA, California

☆ Not all AI players need to be a part of the Magnificent 7, says Alex Kantrowitz
▼ + stars: | 2024-03-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNot all AI players need to be a part of the Magnificent 7, says Alex KantrowitzAlex Kantrowitz, Big Technology Founder, discusses whether Adobe should take Tesla's place in the Magnificent 7.

Persons: Alex Kantrowitz Alex Kantrowitz Organizations: Big Technology, Adobe

☆ Biden touts 'fixed' student loan forgiveness programs in State of the Union. Here's what he meant
▼ + stars: | 2024-03-08 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Income-driven repayment plansIncome-driven repayment plans, which date to 1994, set borrowers' monthly payments based on a share of their discretionary income. "The loan servicers weren't keeping track of the number of qualifying payments," Kantrowitz said in a previous CNBC interview. watch nowThe Biden administration has been evaluating millions of borrowers' loan accounts to see if they should have had their debt forgiven. Most people with federal student loans qualify for income-driven repayment plans, and can review the options and apply at Studentaid.gov. Public Service Loan ForgivenessNavigating the Public Service Loan Forgiveness program has been famously difficult.

Persons: Joe Biden, Shawn Thew, Mark Kantrowitz, Kantrowitz, Biden, George W, Bush Organizations: Chamber, Afp, Getty, CNBC, Education Department, Valuable Education, Public, Consumer Financial Locations: Washington ,

☆ Google can recover from the Gemini flop. Just look at Apple Maps.
▼ + stars: | 2024-03-05 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Google's Gemini flop looks bad from the outside. Ask the folks who worked on Apple Maps. Apple Maps fiasco could point the way forwardBut let's be more positive this time around, with a different echo from the Big Tech Screwups file: Remember Apple Maps? And then, over time, Apple did get its act together, and people did start using Apple Maps, and now there are plenty of normal people who use Apple Maps as a default, and some of them even argue that it's better than Google Maps. Except: The time between Apple Maps' flop and that article I linked to above — headline: "People Have Begun to Love Apple's Most Hated Product" — was more than a decade.

Persons: —, Alex Kantrowitz, wokeness, OpenAI, Hunter, Tim Cook, Cook, Apple's, Gemini Organizations: Google, Big Tech, Apple, Service, Gemini, Microsoft

☆ Issues with new FAFSA may cause 'shocking' decline in the number of students getting college aid, expert says
▼ + stars: | 2024-02-29 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Under the new aid formula, an additional 2.1 million students should be eligible for the maximum Pell Grant, according to the Department of Education. "The goal of FAFSA simplification was to increase the number of lower-income students applying. The new FAFSA was meant to improve college accessIn ordinary years, high school graduates miss out on billions in federal grants because they don't fill out the FAFSA. In New York alone, students left $226 million in Pell grants on the table in 2023. Jacobson is sponsoring a bill requiring high school seniors to complete the FAFSA.

Persons: Pell Grant, Kantrowitz, Jonathan Jacobson, Jacobson Organizations: Department of Education, York, Universal, National College, Research Locations: New York, Pell, Louisiana

☆ Google's search isn't in danger of replacement by AI, says Big Tech's Alex Kantrowitz
▼ + stars: | 2024-02-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle's search isn't in danger of replacement by AI, says Big Tech's Alex KantrowitzCNBC’s Deirdre Bosa and Big Technology’s Alex Kantrowitz, join 'Closing Bell' to discuss Google Gemini's AI inaccuracies and what it could mean for the mega cap tech company.

Persons: Big, Alex Kantrowitz CNBC’s Deirdre Bosa, Alex Kantrowitz Organizations: Google

☆ Watch CNBC’s full interview with Big Technology’s Alex Kantrowitz and Solus’ Dan Greenhaus
▼ + stars: | 2024-02-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Big Technology’s Alex Kantrowitz and Solus’ Dan GreenhausCNBC’s Deirdre Bosa, Big Technology’s Alex Kantrowitz and Solus’ Dan Greenhaus, join 'Closing Bell' to discuss Google Gemini's AI inaccuracies and what it could mean for the mega cap tech company.

Persons: Big, Alex Kantrowitz, Dan Greenhaus CNBC’s Deirdre Bosa, Dan Greenhaus Organizations: Google

☆ Reddit is a 'smaller, more volatile' Twitter, says Big Technology's Alex Kantrowitz
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReddit is a 'smaller, more volatile' Twitter, says Big Technology's Alex KantrowitzAlex Kantrowitz, Big Technology founder, joins 'Squawk Box' to discuss Reddit's decision to go public, the company's journey to IPO, Sam Altman's stake in the company, and more.

Persons: Big, Alex Kantrowitz Alex Kantrowitz, Sam Altman's Organizations: Big Technology

☆ After student loan forgiveness, the Education Dept. is sending some borrowers refunds. What to know
▼ + stars: | 2024-02-22 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

So far, almost 3.9 million borrowers have gotten their education debt erased, totaling $138 billion in relief . Under the U.S. Department of Education's income-driven repayment plans, student loan borrowers are entitled to get any of their remaining debt forgiven after 20 or 25 years. The companies earn a fee per borrower per month, which advocates say discourages transparency around loan forgiveness opportunities. "Loan servicers were not tracking the number of qualifying payments, and the automatic forgiveness was not occurring," Kantrowitz said. Scott Buchanan, executive director of the Student Loan Servicing Alliance, a trade group for federal student loan servicers, denied that the companies benefit by veering from the government's orders.

Persons: Joe Biden, Culver City Julian, Mark Kantrowitz, servicers, Nadine Chabrier, Kantrowitz, he'd, Scott Buchanan, Buchanan, Biden, who've, Persis Yu Organizations: Culver City, Culver City Julian Dixon Library, Education Department, U.S . Department of Education, U.S . Department, Center for, Lending, The Education, Finance, IRS, Student Loan, Alliance, Student, Protection Locations: Culver City , California, U.S

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