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☆ Big Technology's Alex Kantrowitz says he'd be 'shocked' if Meta's earnings mirrored SNAP
  + stars: | 2023-01-31 | 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 Technology's Alex Kantrowitz says he'd be 'shocked' if Meta's earnings mirrored SNAPAlex Kantrowitz, Big Technology founder, joins 'Closing Bell: Overtime' to weigh in on SNAP earnings.
☆ Alex Kantrowitz on tech earnings
  + stars: | 2023-01-30 | 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 EmailAlex Kantrowitz on tech earningsCNBC's Julia Boorstin and Alex Kantrowitz, founder of 'Big Technology,' join'TechCheck' to break down company ad spending and tech earnings.
☆ 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.
☆ My blog was plagiarized using AI. Here's what that means for the future.
  + stars: | 2023-01-26 | by ( Alex Kantrowitz | Big Technology | ) www.businessinsider.com   time to read: +6 min
Big Technology is a newsletter about tech and society by independent journalist Alex Kantrowitz . A Substack plagiarized analysis from Big Technology and posted it. The core of the story, lifted from Big Technology, was good enough to spark a discussion. The tools enable AI writing and likely helped remix the original article. Follow Big Technology on Twitter.
☆ How Charlie Javice's Frank Sale to JP Morgan Wound up in Allegations of Fraud
  + stars: | 2023-01-21 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com   time to read: +21 min
Her financial aid startup, Frank, was featured in the New York Times, CNBC and Wall Street Journal. After leaving the University of Pennsylvania's Wharton business school, Javice traded on her reputation, bolstered by glowing profiles, as a successful entrepreneur. In a 2018 interview with Insider, Javice claimed Frank secured an average of $28,000 for its users, and was helping students get "thousands off their tuition." "Charlie's first company fizzled after 18 months, so after losing all her investors' money, she convinced every one of them to fund her next company, Frank." At Frank, Javice admitted she sometimes painted a more positive picture of the company's health than was supported by the facts.
☆ Google becoming 'leaner and stronger company' moving forward, says Alex Kantrowitz
  + stars: | 2023-01-20 | 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 becoming 'leaner and stronger company' moving forward, says Alex KantrowitzAlex Kantrowitz founder of ‘Big Technology,’ joins ‘TechCheck’ to discuss Alphabet's plan to lay off 12,000 employees.
☆ More student loan borrowers may have $0 payments under Biden's new plan. What you need to know
  + stars: | 2023-01-17 | by ( Annie Nova | ) www.cnbc.com   time to read: +4 min
Silverkblack | Istock | Getty ImagesIn the new student loan repayment plan proposal rolled out this month by the Biden administration, more borrowers could see their monthly payments drop to $0. The new REPAYE plan could officially be available July 1, 2024, according to higher education expert Mark Kantrowitz. Yet under the new proposal, those who have fallen behind may be able to sign up for the income-based repayment plan, another one of the income-driven repayment plan options. Borrowers will need to enrollOnce the new REPAYE plan is available, borrowers can call their student loan servicer to enroll in the option, or apply at StudentAid.gov. The pandemic-era relief policy suspending federal student loan bills and the accrual of interest has been in effect since March 2020.
☆ JPMorgan says college-planning firm it bought lied about its scale. Consumers may have been misled, too
  + stars: | 2023-01-13 | by ( Annie Nova | ) www.cnbc.com   time to read: +2 min
watch nowIn response, the FTC sent a warning letter to Frank, pointing out a number of claims on its website could be "unlawfully misleading consumers." Besides the problems flagged by government officials, higher education expert Mark Kantrowitz said he noticed other questionable claims made by Frank. At one point, the company said it could complete people's Free Application for Federal Student Aid, or FAFSA, in just four minutes. "If it's too good to be true, it probably is," Kantrowitz said. Student loan, financial aid help is available for free
☆ Kantrowitz: This could be a significant fight for Disney
  + stars: | 2023-01-12 | 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 EmailKantrowitz: This could be a significant fight for DisneyBig Technology founder Alex Kantrowitz discusses the brewing proxy fight between Nelson Peltz and Disney's board.
☆ Before JPMorgan accused Charlie Javice of inventing millions of fake customers, the Frank founder settled with the federal government over accusations she was misleading students
  + stars: | 2023-01-12 | by ( Katherine Long | ) www.businessinsider.com   time to read: +5 min
Visitors to Frank's website could get the mistaken impression that the company was affiliated with the federal government, the Department of Education said in 2017. The Department argued that Frank's website was "likely to confuse consumers." The Department stated in a cease and desist letter that Frank could be misleading applicants looking for the government's official FAFSA website. On social media and elsewhere, Frank sometimes referred to the form as "Frank's FAFSA," according to the settlement. In numerous media interviews, including with Insider, Javice has cast herself as a mold-breaking entrepreneur.
☆ Biden administration proposes new student loan repayment plan that could cut some payments in half
  + stars: | 2023-01-10 | by ( Annie Nova | ) www.cnbc.com   time to read: +1 min
The U.S. Department of Education proposed regulations Tuesday that would reduce the monthly bills for certain federal student loan borrowers. Currently, the most affordable income-driven repayment plan requires borrowers to pay 10% of their discretionary income each month to their student debt. Payment plans based on student loan borrowers' income date back to the mid '90s. They provide an alternative to the standard repayment plan that spreads debt obligations evenly over a decade, or 120 months. Income-based plans typically trade lower payments for a longer repayment timeline, with any remaining balance forgiven.
☆ Here's how to get your student loans forgiven — even if Biden's plan falls through
  + stars: | 2023-01-08 | by ( Annie Nova | ) www.cnbc.com   time to read: +3 min
"Income-driven repayment plans are also student loan forgiveness plans," Kantrowitz said. The best way to find out if your job qualifies as public service is to fill out a employer certification form. Full-time teachers who work for five consecutive years in a low-income school may be eligible for up to $17,500 in loan forgiveness under the Teacher Loan Forgiveness Program. The Nurse Corps Loan Repayment Program allows certain nurses to get up to 85% of their student debt cancelled. Meanwhile, there are numerous state-level student loan forgiveness programs.
☆ We expect to see the S&P at 3,225, says Piper's Kantrowitz
  + stars: | 2023-01-05 | 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 EmailWe expect to see the S&P at 3,225, says Piper's KantrowitzMichael Kantrowitz, Piper Sandler, joins 'Power Lunch' to discuss housing, orders, profits and employment, and what those indicators says about the strength of the economy and stocks.
☆ Merchants should think twice before using Shopify's marketing tools, says Alex Kantrowitz
  + stars: | 2023-01-04 | 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 EmailMerchants should think twice before using Shopify's marketing tools, says Alex KantrowitzAlex Kantrowitz, Big Technology founder and CNBC contributor, joins ‘Tech Check’ to explain why he is not a fan of Shopify’s new ‘Audiences’ marketing tool.
☆ Here are some smart moves borrowers should make while the fate of student loan forgiveness is still up in the air
  + stars: | 2022-12-29 | by ( Annie Nova | ) www.cnbc.com   time to read: +4 min
Creatas | Creatas | Getty ImagesIt's been a strange time for people with federal student loans. (The Supreme Court will hear oral arguments at the end of February.) Those are the ideal ways to postpone your federal student loan payments, because interest doesn't accrue. Now that borrowers know how much in loan cancellation is on the table — if the president's policy survives the Supreme Court — borrowers may want to consider the option, Kantrowitz said. Betsy Mayotte president of The Institute of Student Loan Advisors
☆ Here are the people who will lose out most if student loan forgiveness falls through
  + stars: | 2022-12-28 | by ( Annie Nova | ) www.cnbc.com   time to read: +2 min
People of colorThe student debt crisis is cited as a main factor for the wide racial wealth gap in the U.S. today. Black college graduates owe an average $7,400 more than their white peers, a Brookings Institution report found. And that inequity only gets worse with time: Black college students owe more than $52,000 four years after graduation, compared with around $28,000 for the average white college graduate. WomenWomen were widely recognized as the biggest winner of Biden's student loan forgiveness plan, since they owe two-thirds of the country's outstanding student debt. "Women will be the most affected if loan forgiveness fails," Kantrowitz said.
☆ 3 big questions the Supreme Court is likely to ask when determining the fate of student loan forgiveness
  + stars: | 2022-12-27 | by ( Annie Nova | ) www.cnbc.com   time to read: +3 min
Protesters calling for student debt relief demonstrate outside the Republican National Committee's Washington, D.C. offices on Nov. 18, 2022. The main obstacle for those hoping to challenge student loan forgiveness has been finding a plaintiff who can prove they have been harmed by the policy. Higher education expert Mark Kantrowitz doesn't believe any of the plaintiffs have successfully proven injury by student loan forgiveness. "The U.S. Supreme Court can decide to consider the case on the merits regardless of legal standing," Kantrowitz said. Tribe expects that the justices will visit the so-called major questions doctrine in deciding the fate of Biden's student loan forgiveness plan.
☆ EU's trying to push tech companies as far as they can without having to be being punished: Big Tech's Kantrowitz
  + stars: | 2022-12-27 | 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 EmailEU's trying to push tech companies as far as they can without having to be being punished: Big Tech's KantrowitzAlex Kantrowitz of 'Big Technology' joins 'TechCheck' to discuss new European regulations tech companies will have to navigate, the readiness of the U.S. Congress to act on Big Tech and the potential impacts of new regulatory frameworks on key tech companies.
☆ Kantrowitz: The Fed isn't showing signs of slowing down, so there's new math for growth with tech companies
  + stars: | 2022-12-23 | 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 EmailKantrowitz: The Fed isn't showing signs of slowing down, so there's new math for growth with tech companiesBig Technology founder Alex Kantrowitz discusses the declines we've seen in the technology sector this year, especially among the mega-cap names, and whether that negative sentiment carries over into 2023.
☆ Pell Grants could rise to a maximum $7,395 next year, in the biggest increase in over a decade
  + stars: | 2022-12-21 | by ( Annie Nova | ) www.cnbc.com   time to read: +3 min
Olelole | E+ | Getty ImagesAs part of its massive $1.7 trillion spending package for 2023, Congress is planning to up the maximum annual Pell Grant award to $7,395 — a $500 increase from this school year. President Joe Biden had previously called to raise the Pell Grant by even more, to a maximum allotment of $8,670 in 2023, and has said he wants to see the payments double by 2029. Pell Grants are one of the biggest sources of financial aid available to college students, and more than 6 million students received them in 2020. Each year, Congress decides how much to allocate to the maximum Pell Grant, and in some years it has reduced the payment. There's a limit to how many Pell Grants you can getCollege students typically can receive the grant for up to six years.
☆ How to play the e-commerce market in 2023 with 'Big Technology's' Alex Kantrowitz
  + stars: | 2022-12-20 | 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 EmailHow to play the e-commerce market in 2023 with 'Big Technology's' Alex KantrowitzAlex Kantrowitz founder of 'Big Technology,' joins 'TechCheck' to discuss his e-commerce strategy for investors in 2023, Amazon's retail business development, and the impact of the rising dollar on cloud business.
☆ Student loan forgiveness is headed to the Supreme Court. What that means for the payment pause
  + stars: | 2022-12-16 | by ( Annie Nova | ) www.cnbc.com   time to read: +5 min
The pandemic-era relief policy suspending federal student loan bills and the accrual of interest has been in effect since March 2020. That development is why borrowers have gotten even more time without a student loan bill. Student loan bills could resume as soon as May 1The Education Department has left things a little open-ended when it comes to the timing of federal student loan payments resuming. During the extended payment pause, however, the Education Department is also ceasing all collection activity, it said. And while interest rates on federal student loans are at zero, it's also a good time to make progress paying down more expensive debt, experts say.
☆ Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways
  + stars: | 2022-12-08 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +4 min
Lauryn Ishak | Bloomberg | Getty ImagesMore tech startups in Southeast Asia laid off workers this year, as macro headwinds widened losses and venture capitalists pushed startups to extend their runways. Jia Jih Chai RainforestThey join Sea Group and other companies in the region in downsizing headcount. Sea Group, according to local media, laid off more than 7,000 employees over the past six months. Tech startups in Southeast Asia are still largely unprofitable, with names like Sea Group and Grab amassing billions of losses annually. Existing investors in the company are also actively advising founders to prepare for winter, Jussi Salovaara, Antler's co-founder and managing partner for Asia, told CNBC.
☆ 360,000 student loan borrowers received $24 billion in forgiveness from fix to Public Service Loan Forgiveness
  + stars: | 2022-12-08 | by ( Annie Nova | ) www.cnbc.com   time to read: +1 min
In October 2021, the Biden administration announced a one-year opportunity for student loan borrowers pursuing the Public Service Loan Forgiveness to get closer to being debt-free. Signed into law by then-President George W. Bush in 2007, the Public Service Loan Forgiveness program allows certain nonprofit and government employees to have their federal student loans canceled after 10 years, or 120 payments. More from Personal Finance:Biden's student loan forgiveness plan is on holdInflation-adjusted college costs declineThese colleges promise no student debtThe average borrower got more than $67,000 in student debt cleared. "These borrowers previously faced obstacles based on frustrating technicalities despite having worked in a qualifying public service job," Kantrowitz said. The reforms under the Biden administration included reassessing borrowers' timelines and counting some payments that were previously ineligible because of a borrower's loan type or repayment plan.
☆ Kantrowitz: The price point for Disney's ad-supported streaming service is a strategic mistake
  + stars: | 2022-12-08 | 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 EmailKantrowitz: The price point for Disney's ad-supported streaming service is a strategic mistakeAlex Kantrowitz of Big Data discusses whether consumers will continue to have an appetite for streaming ads, as Disney+ launches its new ad-supported model.
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