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☆ Here's why Biden administration believes new student loan forgiveness plan will survive legal challenges
▼ + stars: | 2024-04-23 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

US President Joe Biden speaks about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. The aid package is narrowerBiden's 2020 campaign promise to erase student debt was thwarted at the Supreme Court in June. Biden had tried to forgive the debt of nearly all 40 million federal student loan borrowers, with many people getting up to $20,000 in cancellation. As a result, for critics of broad student loan forgiveness, Biden's new plan looks a great deal like his first. Biden's first forgiveness plan was based on the Higher Education Relief Opportunities for Students Act, or HEROES Act, of 2003.

Persons: Joe Biden, Andrew Caballero, Reynolds, Joe Biden's, Biden didn't, Biden, who've, Biden's, Andrew Bailey, X, Bailey, There's, didn't, John Roberts, Lyndon B, Johnson, Sen, Elizabeth Warren, Warren Organizations: Madison Area Technical College, AFP, Getty, U.S . Department of Education, Republican, Higher, Higher Education, Act, Biden, ., of Education Locations: Madison , Wisconsin, Missouri, . Nebraska

☆ How Biden's new student-loan forgiveness plan could be jeopardized before it even goes into effect
▼ + stars: | 2024-04-14 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

New details for President Joe Biden's student-loan forgiveness plan are out — and it's already shaping up to be a rocky road to implementation. Related storiesCoglianese is referring to a rule known as the Chevron doctrine, the fate of which is currently awaiting a Supreme Court ruling. AdvertisementHerrine said he expects the same groups who brought the cases against Biden's first debt relief plan to challenge this second one. "The administration is certainly still facing a very skeptical Supreme Court," Coglianese said. "Even though it's a different statute, it's still a skeptical Supreme Court.

Persons: Joe Biden's, Biden's, Biden, —, Cary Coglianese, Coglianese, Chevron, Raimondo, Luke Herrine —, Herrine, Andrew Bailey, it's, It's Organizations: Service, Education Department, Higher, Business, The Education Department, University of Pennsylvania, Loper Bright Enterprises, National Marine Fisheries, Supreme, Biden, Chevron, University of Alabama — Locations: Chevron, Missouri

☆ Report Helps Answer the Question: Is a College Degree Worth the Cost?
▼ + stars: | 2024-03-01 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

Most people go to college to improve their financial prospects, though there are other benefits to attending a postsecondary institution. But as the average cost of a four-year degree has risen to six figures, even at public universities, it can be hard to know if the money is well spent. A new analysis by HEA Group, a research and consulting firm focused on college access and success, may help answer the question for students and their families. The study compares the median earnings of former college students, 10 years after they enrolled, with basic income benchmarks. Still, more than 1,000 schools fell short of that threshold, though many of them were for-profit colleges concentrating in short-term credentials rather than traditional four-year degrees.

Organizations: HEA Group

☆ Why readers are falling for romantasy stories
▼ + stars: | 2024-02-28 | by ( Scottie Andrew | ) edition.cnn.com time to read: +13 min

But when it comes to the literary flavor that’s dominating readers’ attention in 2024, it’s clear: “Romantasy” reigns supreme. When romantasy protagonists (such as dragon-riders, fairies and fallen angels) aren’t busy saving their worlds, they’re falling deeply in love — often with someone they formerly considered an adversary (the “enemies-to-lovers” trope does big numbers with romantasy readers). Romantasy is breaking through among readers who previously didn’t browse the fantasy aisle — and delighting readers who’ve loved it for years. We talk to authors, experts, longtime fans and recent converts about why readers are flocking to romantasy stories, in which treacherous quests are punctuated by steamy trysts. It’s what bookseller and romantasy fan Gideon Ariel calls “Swiss Army lit” — a subgenre that all readers can enjoy, from longtime fantasy nerds to newcomers.

Persons: Romantasy, aren’t, —, ”, Sarah J, Maas, Rebecca Yarros ’, who’ve, steamy trysts, Taylor Su, CNN Romantasy, Frankie Diane Mallis, Yarros ’, Violet Sorrengail, Gideon Ariel, “, Ariel, romantasy, Diana Gabaldon, Nalini Singh, who’s, couldn’t, Stephanie Meyer’s, ’, Jennifer L, Armentrout, Mallis, TikTok, Patti McConville, I’ve, Gemma Todd, Jayashree Kamblé, ” Kamblé, ” Ariel, Beth Gabriel, ” Mallis, Yarros, Todd, “ Harry Potter ”, ” Todd, Gabriel, She’s, Tracy Deonn, ” Sarah J, ” Rebecca Yarros, ” Travis, ” Silvia Moreno, Garcia, ” Scarlett St, Clair, ” Jennifer L, Ash, ” Rebecca Ross, ” Tracy Deonn, ” Frankie Diane Mallis, ” Nalini Singh Organizations: CNN, New York Times, Arcadia University, Army, Guardian, Bloomsbury, LaGuardia Community College, International Association for, Milwaukee Public Library Locations: bibliophiles, Madison , Wisconsin, Milwaukee, Crescent, Yarros, Wisconsin

☆ Student-loan borrowers are officially one step closer to benefiting from Biden's second attempt at debt cancellation after a key stage of the process wrapped up
▼ + stars: | 2024-02-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

President Joe Biden's Education Department is officially one step closer to finalizing its second attempt at student-loan forgiveness for federal borrowers. This second attempt at student-debt relief is separated from the other targeted relief initiatives the Education Department has been in the process of carrying out. During a February 21 speech touting the latest relief, Biden said he would continue to pursue loan forgiveness for federal borrowers despite legal challenges. "Look, early in my term, I announced a major plan to provide millions of working families with debt relief for their college student debt. "I announced we were going to pursue alternative paths for student debt relief for as many borrowers as possible.

Persons: —, Joe Biden's, It's, Biden's, Tamy Abernathy, Abernathy, Biden Organizations: Service, Joe Biden's Education Department, Higher, Education Department, Democratic, Federal Register, Republican

The Fall-Winter 2024 edition of Seoul Fashion Week, which wrapped up earlier this week, saw runway shows from more than 20 established and emerging brands. Jean Chung/Getty ImagesA Fashion Week attendee in all-black, complete with hoodie, bomber jacket and chunky futuristic footwear. Jean Chung/Getty ImagesJeong Yoon-gyeong, left, and Lee Yosep, right, wear gray bags from South Korean label Nos Couleurs. Jean Chung/Getty ImagesModels (from left) Yun Mi-young, 58, Choi Soon-hea, 80, and Kang Seun-hee, 64, on the first day of Seoul Fashion Week. Jean Chung/Getty ImagesWearing a black dress and adorned with lipstick kisses, model Shlee Nau was excited to see South Korean brand Ulkin's show.

Persons: Sooy Park’s, Maison, Jean Chung, Kahyun Lee, CNN Parnika, ” Kahyun Lee, CNN Ha, Choi, Jeong Yoon, Lee Yosep, Yun Mi, Kang Seun, Kang, Soeun Kim, CNN Wu Qin Qin, Shlee Nau, Kang Hyun, Jeong Organizations: South Korea CNN, Seoul Fashion, Maison Nica, CNN Locations: Seoul, South Korea, York, London, Milan, Paris, South, South Korea’s

☆ The Education Department agrees to consider more student-loan borrowers for its second attempt at debt relief
▼ + stars: | 2024-01-31 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The Education Department agreed to add an additional negotiation session for student-debt relief. AdvertisementFollowing mounting pressure from Democratic lawmakers and advocates, the Education Department said it would allow another opportunity to expand its second student-debt relief plan. On Wednesday, the Education Department announced it will hold a fourth negotiation session on February 22 and 23 to discuss including borrowers with financial hardship in its second attempt at student-debt cancellation. The Education Department agreed to that request. "We look forward to discussing another avenue for borrower relief related to hardship at our next negotiation session," Kvaal said.

Persons: —, Joe Biden's, Education James Kvaal, Harris, Kvaal Organizations: Education Department, Service, Democratic, Higher, Education, Biden, Harris Administration, Federal

☆ These student-loan borrowers could qualify for up to $20,000 in debt cancellation through Biden's second attempt at relief
▼ + stars: | 2023-12-04 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department released new details on its second attempt at debt relief. On Monday, the Education Department released updated regulatory text for its proposal to cancel student debt using the Higher Education Act of 1965. Advertisement"Student loans are supposed to be a bridge to a better life, not a life sentence of endless debt," Education Secretary Miguel Cardona said in a statement. AdvertisementWhile this plan for relief is more narrow than Biden's first attempt, many borrowers experiencing different forms of hardship hope they'll qualify. "I have to pay for my wife's car, plus food, plus utilities, plus the mortgage, plus the car payment," one 63-year-old borrower previously told Business Insider.

Persons: —, Joe Biden's, Biden's, Miguel Cardona, who've, There's Organizations: Education Department, Service, Higher, Public, Department

☆ Colleen Hoover is the hottest author in America. She also may be the most controversial
▼ + stars: | 2023-08-27 | by ( Aj Willingham | ) edition.cnn.com time to read: +13 min

“Colleen Hoover books always leave me speechless and in tears,” one TikTok reader said. However, Hoover’s work, she says, blurs that line with the addition of painful – and decidedly non-aspirational – narrative arcs. She pointed out what she saw as a pattern in Hoover’s books of women who endure disturbing behavior from their partners. Probably not.”Blake Lively and Justin Baldoni are set to star in the movie adaptation of Colleen Hoover's book "It Ends With Us." Hoover’s books are cloaked in bright, fashionable colors, and her author website offers boutique-style merchandise with flowers and calligraphy and inside jokes from her books.

Persons: doesn’t, Colleen Hoover, Hoover, ”, Blake Lively, Stephen King, It’s, “ Colleen Hoover, Lily Bloom, Atlas Corrigan, Ryle Kincaid, Lily, Ryle, –, influencer Whitney Atkinson, Atkinson, Colleen Hoover's, AJ Willingham, CNN Atkinson, ” Atkinson, “, ” Hoover, “ I’ve, Jenna Bush Hager, ” Amanda Diehl, Smart, “ I’m, Jennifer Prokop, ” Blake Lively, Justin Baldoni, Critics, ” Prokop, — that’s, problematically, Chick, ” Diehl, Diehl, that’s, it’s Organizations: CNN, New York Times, Trade, YouTube, ” CNN, “ Trade Locations: Texas

☆ Biden's Education Department just finalized a rule allowing states to protect student-loan borrowers from 'unfair and deceptive practices,' reversing the Trump administration's efforts
▼ + stars: | 2023-07-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department finalized a rule to allow state oversight into federal student-loan servicers. The rule is intended to protect borrowers from misleading behavior or inaccurate payment counts. The department concluded that the Higher Education Act of 1965 allows states to play a role in regulating federal loan servicers to better protect borrowers from misleading behavior. "States may consider and adopt additional measures which protect borrowers and can be harmonized with Federal law," it said. The notice does have some limits on what states can do, like ruling a federal loan servicer in a state cannot continue operations.

Persons: Joe Biden's, Miguel Cardona, Donald Trump's, Betsy DeVos, —, servicers Organizations: Education Department, Service, Joe Biden's Education Department, Federal, Higher, Department, servicer Locations: Wall, Silicon, Federal, —

☆ 'This fight is not over': What to know about Biden's new plan to forgive student debt
▼ + stars: | 2023-07-12 | by ( Annie Nova | ) www.cnbc.com time to read: +5 min

President Joe Biden announces new actions on June 30, 2023 to protect borrowers after the Supreme Court struck down his student loan forgiveness plan. Biden had hoped to move quickly canceling people's student debt, promising people the relief within six weeks of them completing their paperwork. Unlike Biden's first attempt to forgive student debt quickly through an executive order, this time he's turning to the rulemaking process. It's unlikely that Biden's Plan B for student loan forgiveness will be successful, Kantrowitz said. He expects the president's second attempt at forgiving student debt to be met by many of the same lawsuits as the first.

Persons: Joe Biden, Chip Somodevilla, overreach, John Roberts, Roberts, Biden, Lyndon B, Johnson, Chuck Schumer, didn't Biden, Herrine, Trump, Biden's, Kantrowitz, Luke Herrine Organizations: U.S . Department of Education, Republican, Supreme, GOP, South Carolina —, Job, Network Foundation, Biden, . Nebraska, Education Department, Higher, University of Alabama Locations: delinquencies, — Nebraska , Missouri , Arkansas , Iowa , Kansas, South Carolina, .

☆ A North Korean stunned world soccer when he scored in Serie A. Then Han Kwang Song went missing
▼ + stars: | 2023-07-01 | by ( Gawon Bae | Andrew Mcnicol | ) edition.cnn.com time to read: +20 min

But the Covid-19 pandemic led to North Korea fully sealing its borders, making it impossible for Han and fellow repatriated North Korean nationals to return home. PyongyangHan was born in the North Korean capital of Pyongyang in 1998. The opening of North Korea through sport seemed like a door that would not be closed any time soon. They followed the Olympics and soccer,” former North Korean men’s soccer national team head coach Jørn Andersen told CNN Sport, adding that he had limited contact with the North Korean public during his time in Pyongyang between 2016 and 2018. Holding a North Korean passport, Han was no exception to these sanctions, despite his preternatural soccer talent.

Persons: Han Kwang, Qatar’s, Han, –, Hahn, hea, Kim Jong, Pyongyang Han, Kim Jong Un’s, Kim, Alberto Mier, Jørn Andersen, ” Andersen, Han Kwang Song, Enrico Locci, YuMi, Rome –, Choe, “, Mario Berreta, ” Cagliari’s, Max Canzi, ” Canzi, ‘ Tell Mario, ”, Canzi, Nicholas Pennington, Tullio M, Pennington, ” Han, Juventus –, Duhail, Sandro Stemperini, Qatar Han’s, Andersen, hasn’t, he’s, ” Anderson, regretfully Organizations: CNN, Juventus, Little North, South, CNN Sport, United Nations Security Council, North, Pyongyang International Football School, CNN North Korea, Korean, soccer, team, North Korean, Bundesliga, Liga, KCTV, FIFA, Cagliari's Serie, Chievo Verona, Academy, ISM Academy, AC Perugia Calcio, Cagliari, Canzi, Serie A, Perugia, Getty, AC Perugia, Juventus ’, Serie, ISM International Scouting Center, UNSC, North Korea, DPRK, Democratic People’s, Al, Qatar’s, Qatar Stars, Qatar, UN, Fiorentina, Sport, Qatar Stars League, “, Qatar Airways, – Locations: Korean, Italian, Pyongyang, South Korean, North Korea, Qatar, London, South Korea, Germany, Italy, England, Spain, Perugia –, Italy’s, Umbria, Rome, Europe, “, Cagliari, Puglia, Seoul, North Korean, Democratic People’s Republic of Korea, Qatari, Korea, North, Ahli, ”, Doha, China, Russia

☆ A student-loan company that services millions of borrowers played a big role in defeating Biden's debt cancellation plan
▼ + stars: | 2023-06-30 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Supreme Court struck down Biden's student-loan forgiveness plan by a 6-3 vote. The majority said the six GOP-led states had standing to involve student-loan company MOHELA in its lawsuit against the plan. Chief Justice John Roberts wrote in the majority opinion that "the plan's harm to MOHELA is also a harm to Missouri." At the time, she asked the lawyer representing the states: "Why didn't the state just make MOHELA come then?" The majority didn't see it that way — and Biden's broad student-debt relief plan is effectively blocked.

Persons: MOHELA, —, Joe Biden's, Brown, — Biden, . Nebraska —, John Roberts, Roberts, Cori Bush, Amy Coney Barrett, You've, Liberal Justice Elana Kagan, Kagan, SCOTUS, Rep, Alexandria Ocasio, Cortez Organizations: GOP, MOHELA, Service, US Department of Education, . Nebraska, Republican, State, Missouri Rep, Student, Liberal, Missouri Higher Education Loan Authority, Higher, Democratic, Twitter Locations: ., Missouri, Alexandria

☆ These are the highest-paying college majors, 4 years after graduation—many pay over $100,000
▼ + stars: | 2023-05-16 | by ( Morgan Smith | ) www.cnbc.com time to read: 1 min

Your college major can have a profound impact on your income. Within four years of graduation, some majors stand to earn as much as $256,539, while others make less than $10,000 per year, according to a new report from The HEA Group, a research and higher education consulting firm. The top-earning majors are in so-called STEM fields, or degrees in science, technology, engineering and mathematics. Half of the top 10 majors with graduates making the most money are subsets of engineering. Here are the 10 highest-paying college majors, four years after graduation:

☆ There's another legal route Biden can use to cancel student debt, and the Supreme Court's latest move shows the justices could be open to it
▼ + stars: | 2023-04-16 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +9 min

The Supreme Court rejected an appeal to halt debt relief for borrowers who say they were defrauded. The Higher Education Act has been floated as another way for Biden to pursue his debt-relief plan. The Supreme Court is already considering whether Biden's plan to cancel up to $20,000 in student debt for federal borrowers is legal. Activists and students protest in front of the Supreme Court during a rally for student-debt cancellation in Washington, DC, on February 28. Still, along with the lawsuits against broad debt relief, the payment pause is also being challenged — leaving millions of borrowers in financial limbo.

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