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Astra Taylor - 4 Joe Biden - 3 Biden - 3 Taylor - 3 Mark Kantrowitz - 2 Annie Nova - 2 Education Secretary Miguel Cardona - 1 Joe Biden's - 1
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7 mentions found


☆ These 5 groups of borrowers could still get student loan forgiveness under Biden's 'Plan B'
  + stars: | 2023-10-18 | by ( Annie Nova | ) www.cnbc.com   time to read: +2 min
Nearly 40 million Americans stood to benefit from President Joe Biden's original student loan forgiveness plan, which the Supreme Court ultimately blocked over the summer. Though the Biden administration is now trying to cancel education debt another way, experts have warned that borrowers should temper their expectations. Given the legal challenges of passing sweeping debt forgiveness, they say the president's Plan B for relief is likely to be narrower in its reach. More from Personal Finance:Workers rights amid a 'summer of strikes'Couples leverage 'something borrowed' to cut wedding costs'Soft landing, no recession,' Bank of America predictsIndeed, Kantrowitz estimates that less than 10% of federal student loan borrowers will qualify this round. On the campaign trail, Biden promised to cancel at least $10,000 of student debt per person.
Persons: Joe Biden, Education Secretary Miguel Cardona, Joe Biden's, Biden, Mark Kantrowitz, Astra Taylor Organizations: Education Secretary, White, Washington , D.C, Finance, Workers, Bank of America, U.S . Department of Education, Consumer, CNBC Locations: Washington ,
☆ Why even those winning 'the capitalist game' feel insecure, says Debt Collective co-founder
  + stars: | 2023-10-07 | by ( Annie Nova | ) www.cnbc.com   time to read: +5 min
The security cameras were there, at least in part, to make the workers feel insecure about holding on to their jobs, Taylor writes. "We can see the degree to which unnecessary suffering is widespread even among those who appear to be 'winning' according to the logic of the capitalist game," Taylor writes. Astra Taylor: I think there is existential insecurity. by author Astra Taylor Courtesy: Astra TaylorAN: How would being more honest about our own vulnerabilities help? Working with the Debt Collective, I see how lucky we were that we didn't have to take on a lot of medical debt.
Persons: Astra Taylor, Taylor, Massey, Margaret Atwood, Noam Chomsky, Annie Nova, I've Organizations: Astra, Astra Taylor's, Brooklyn café, Finance, Social Security, Security, Canadian Broadcasting Corp Locations: American
☆ Biden cancels $9 billion in student debt for 125,000 borrowers
  + stars: | 2023-10-04 | by ( Annie Nova | ) www.cnbc.com   time to read: +2 min
President Joe Biden announced Wednesday that he approved $9 billion in student loan forgiveness for 125,000 Americans. "Biden has forgiven more student loan debt than any previous president," said higher education expert Mark Kantrowitz. Federal student loan payments resumed Oct. 1 after being on pause for more than three years. Before the Supreme Court verdict, Education Department Undersecretary James Kvaal had warned that if the administration was unable to deliver on Biden's sweeping student loan forgiveness plan, delinquency and default rates could skyrocket. More recently, the Consumer Financial Protection Bureau estimated that 1 in 5 student loan borrowers could struggle with the resumption of payments.
Persons: who've, Joe Biden, Biden, Mark Kantrowitz, Taylor Swift, he'd, Astra Taylor, Taylor, James Kvaal Organizations: Public, Finance, Biden, Department, Education, Federal, Consumer Financial, Bureau
☆ Opinion | Our Economy Thrives on Bad Feelings
  + stars: | 2023-08-18 | by ( Astra Taylor | ) www.nytimes.com   time to read: +3 min
A kind of existential insecurity is indelible to being human. But existential insecurity is not my focus here. I call this “manufactured insecurity.” Where existential insecurity is an inherent feature of our being — and something I believe we need to accept and learn from — manufactured insecurity facilitates exploitation and profit by waging a near constant assault on our self-esteem and well-being. Only by reckoning with how deep manufactured insecurity runs will it become possible to envision something different. Manufactured insecurity is far from inevitable, and yet it is intensifying.
Persons: —, equanimity, can’t
☆ Why activist Astra Taylor is not giving up on student loan forgiveness
  + stars: | 2023-08-11 | by ( Annie Nova | ) www.cnbc.com   time to read: +2 min
In 2014, Astra Taylor co-founded the Debt Collective, the first union for debtors. Since then, one of her main goals has been to get student debt canceled. The Supreme Court finally struck down Biden's relief program in June, ruling that the president didn't have the authority to forgive so much consumer debt without prior authorization from Congress. Annie Nova: Did the Supreme Court's decision surprise you? In the long term, the cause of student debt abolition will prevail.
Persons: Astra Taylor, Joe Biden, didn't, Taylor isn't, Taylor, Annie Nova, Biden, Elena Kagan Organizations: Astra, Finance, Workers, Bank of America
☆ Debt ceiling deal would push student loan borrowers into repayment by fall
  + stars: | 2023-05-30 | by ( Annie Nova | ) www.cnbc.com   time to read: +2 min
Anadolu Agency | Anadolu Agency | Getty ImagesDeal ends the payment pause, likely for goodThe pause on federal student loan payments is one of the few remaining Covid-related relief measures still in effect. The policy has suspended the accrual of interest on federal student debt and allowed borrowers to forgo making their payments without facing any penalties. watch nowThe White House was aiming to restart student loan payments within months anyway, Kantrowitz said, and so "the legislation does not represent a change in that regard." The Biden administration has warned that resuming student loan payments without being able to carry out its debt forgiveness plan could trigger a historic spike in defaults and delinquencies. Student loan forgiveness, other relief, not in agreement
☆ What happens if the Supreme Court strikes down student loan forgiveness? Here are 3 predictions
  + stars: | 2023-01-29 | by ( Annie Nova | ) www.cnbc.com   time to read: +3 min
Despite student loan borrowers being offered forbearances during previous natural disasters, Kvaal wrote, default rates still skyrocketed when payments resumed. ″[T]he one-time student loan debt relief program was intended to avoid" skyrocketing default rates, Kvaal added. "These student loan borrowers had the reasonable expectation and belief that they would not have to make additional payments on their federal student loans," Kvaal said. That law allows the Education Department to make modifications to federal student loan programs during national emergencies. 'A disastrous blow to Black Americans'The country's $1.7 trillion student loan crisis has hit Black Americans especially hard.
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