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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

☆ Trump’s immunity case is another reminder that all roads now lead to the Supreme Court
▼ + stars: | 2024-04-22 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +17 min

CNN —The Supreme Court’s hearing Thursday on former President Donald Trump’s immunity claim will underline a historic power shift. Trump’s relationship has been complex with the court’s conservative majority – despite his instrumental role in establishing it. In sharp contrast, the court’s conservative majority has exerted its influence year after year, without interruption. “There is just much more intense vetting of Supreme Court justices,” said Pierson. “You can tell by the results of the court decisions over the past several years that it is fundamentally different.

Persons: Donald Trump’s, “, ”, Jeff Shesol, Franklin D, John Roberts, Amy Coney Barrett, Ruth Bader Ginsburg, Paul Pierson, –, Barack Obama’s, Roberts, Joe Biden, Trump, they’ve, Michael McConnell, Jack Smith, Gore, outvoted, George W, Bush, MAGA, Michael Waldman, ” Waldman, Bill Clinton, Richard Nixon, Nixon, Waldman, ” McConnell, McConnell, Sandra Day O’Connor, Anthony Kennedy, Ronald Reagan, David Souter, George H.W, Pierson, Obama, Brett Kavanaugh, Barrett, Cecilia Munoz, Biden, “ It’s, Samuel Alito, Clarence Thomas, Clinton, ” Shesol, FDR, Shesol Organizations: CNN, White House, GOP, Republican Party, Trump, Republicans, University of California, Democratic, House, White, Constitutional, Center, Stanford University Law School, Brennan Center for Justice, New York University School of Law, Senate, Republican, Federalist Society, Alabama, Electoral, Citizens, Constitutional Law Center, New, Great Society Locations: Berkeley, Manhattan, Florida, “, George H.W . Bush, Shelby County

☆ Biden administration releases draft text of student loan forgiveness plan. Here's what borrowers need to know
▼ + stars: | 2024-04-16 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden speaks as he announces a new plan for federal student loan relief during a visit to Madison Area Technical College Truax Campus, in Madison, Wisconsin, U.S, April 8, 2024. The Biden administration on Tuesday released the draft text of its new student loan forgiveness proposal, which could reduce or eliminate the balances of millions of borrowers. The proposed rules should be formally published in the Federal Register on Wednesday and will be followed by a 30-day comment period. The regulatory text comes about a week after President Joe Biden revealed the details of his Plan B for student loan forgiveness. The Department of Education reviews comments from the public, it hopes to finalize the new rules and start canceling borrowers' debts in the fall, it said.

Persons: Joe Biden, Biden, Harris, Education Miguel Cardona, FAFSA, Biden's Organizations: Madison Area Technical, Truax, Tuesday, Federal, Biden, Harris Administration, Education, Finance, Harvard, Supreme, U.S, The Locations: Madison , Wisconsin, U.S

☆ 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

☆ What Biden's new student loan forgiveness plan means for your taxes
▼ + stars: | 2024-04-09 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 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 ImagesTax treatment of student loan forgivenessStudent loan forgiveness is federally tax-free through 2025 — thanks to a provision from the American Rescue Plan Act of 2021. But the future taxability of student loan forgiveness is unclear. Many states have conformed to federal rules on the taxability of student loan forgiveness. Depending on your situation, higher income from taxable student loan forgiveness could cause "a chain of [tax] consequences," such as phaseouts for other tax breaks, Lucas said.

Persons: Joe Biden, Andrew Caballero, reynolds, Biden, Tommy Lucas, Moisand Fitzgerald Tamayo, Lucas, that's, Ethan Miller, isn't, Miller Organizations: Madison College, AFP, Getty, American, Planning, Progress, D.C Locations: Madison , Wisconsin, Orlando , Florida, Washington

☆ Biden’s new student loan forgiveness plan could erase up to $20,000 in interest for millions of borrowers
▼ + stars: | 2024-04-08 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

More than 25 million federal student borrowers owe more than they originally borrowed, according to the Biden administration. It estimates that, if its new plan is enacted as proposed, borrowers will get up to $20,000 of unpaid interest on their federal student debt forgiven, regardless of their income. Borrowers would need to be enrolled in an income-driven repayment plan to qualify but shouldn't have to apply for the relief. "Student debt interest capitalization has been keeping families from accessing their version of the American Dream," said Jaylon Herbin, director of federal campaigns at the Center for Responsible Lending. "Erasing that debt will lessen the burden of student loan debt on millions of borrowers and allow them to pay off their loans in a timely manner."

Persons: Joe Biden, Kevin Lamarque, Biden, Jaylon Herbin Organizations: Madison Area Technical, Truax, Reuters, Consumer, Center for Locations: Madison , Wisconsin, U.S

☆ Almost half of voters say student loan forgiveness is a key issue in 2024 election, survey finds
▼ + stars: | 2024-03-26 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

Jim Watson | AFP | Getty ImagesAlmost 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 new survey finds. Debt forgiveness has historically been a highly partisan issue, with supporters and detractors split down party lines. Almost a quarter, 23%, of Gen X voters surveyed said they or someone in their household had student loan debt. The Supreme Court last June struck down the president's $400 billion plan to deliver student loan forgiveness to as many as 40 million Americans. Meanwhile, the popularity of loan forgiveness among voters may prove a challenge for Donald Trump, the GOP presidential nominee for president.

Persons: Jim Watson, Gen, John Della Volpe, Biden, millennials, Z, X, boomer, Joe Biden's, Donald Trump, Mike Pierce, Biden's Organizations: Royal Missionary Baptist, AFP, Getty, Harvard Kennedy School Institute of Politics, Finance, Republican, GOP, Supreme Locations: North Charleston , South Carolina, California, U.S

☆ Consovoy McCarthy: This small, conservative law firm is landing big wins at the Supreme Court
▼ + stars: | 2024-02-20 | by ( John Fritze | ) edition.cnn.com time to read: +4 min

Created a decade ago by two former law school classmates who gave up their jobs at larger practices, the lawyers at Consovoy McCarthy have argued 11 appeals at the Supreme Court in that time – including a landmark case last year that ended affirmative action in college admissions. Bryan Weir, in his debut appearance at the Supreme Court, will argue the clock starts on the statute of limitations when a plaintiff – in this case, the truck stop – is affected. But perhaps the most notable recent issue Consovoy McCarthy brought before the Supreme Court consisted of two appeals challenging the consideration of race in admissions at Harvard and the University of North Carolina. Longtime anti-affirmative action advocate Edward Blum hired Consovoy McCarthy to argue that they violated the equal protection clause included in the 14th Amendment. The firm also has an appeal pending at the Supreme Court challenging a so-called bias response team at Virginia Tech.

Persons: Consovoy McCarthy, Donald Trump’s, Neil Gorsuch, Brett Kavanaugh, Amy Coney Barrett, Clarence Thomas, Bryan Weir, Biden, “, Thomas McCarthy, Weir, McCarthy, ”, Joe Biden’s, Supporters, Edward Blum, Blum, David Lat, Trump, Lat Organizations: CNN, Supreme, US, Appeals, Trump, Harvard, University of North, Longtime, Virginia Tech Locations: North Dakota, University of North Carolina, Idaho

☆ Parent borrowers have been shut out of Biden administration's recent student loan relief measures, but this loophole could help
▼ + stars: | 2023-11-08 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

After the Supreme Court rejected President Joe Biden's sweeping forgiveness plan earlier this year, the president announced a series of other relief measures for student loan borrowers. Already, Biden has managed to erase $127 billion in education debt for more than 3.5 million borrowers, largely through Public Service Loan Forgiveness and income-driven repayment plans. The most beneficial so far has been the new Saving on a Valuable Education repayment plan, which aims to get federal student loan borrowers the lowest monthly payment possible — even zero dollars. Yet parents who took out loans on behalf of their children are ineligible for all income-driven repayment plans, including SAVE. "Many of these provisions do not apply to parent borrowers," said Kalman Chany, a financial aid consultant and author of "Paying for College" from The Princeton Review.

Persons: Joe Biden's, Biden, Mark Kantrowitz, Kalman Chany Organizations: Public, Finance, Princeton

☆ A top GOP lawmaker is taking legal action to scrutinize the Education Department's authority to cancel student debt for defrauded borrowers
▼ + stars: | 2023-10-31 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

GOP Rep. Virginia Foxx issued a subpoena to the Education Department on Tuesday. AdvertisementAdvertisementA top Republican lawmaker is turning to legal action to get answers from the Education Department on student-debt relief. Borrower defense claims are forms a borrower can submit if they believe they were defrauded by the school they attended, and if approved, their loans from that school would be discharged. AdvertisementAdvertisement"This is the first time the Committee has subpoenaed the Education Department, and it is a measure that I do not take lightly. Biden's Education Department has consistently stood by its legal authority to approve borrower defense claims for defrauded borrowers.

Persons: Virginia Foxx, Foxx, —, Secretary Miguel Cardona, Foxx isn't, Secretary Cardona, Cardona, Donald Trump, Aaron Ament Organizations: Education Department, Service, Republican, Secretary, Biden's, Department, Higher, Student Defense Locations: Cardona

WASHINGTON (AP) — The Biden administration is moving toward a narrower student loan relief plan that would target specific groups of borrowers — those with soaring interest, for example — rather than a sweeping plan like the one the Supreme Court rejected in June. An Education Department document obtained by The Associated Press details a draft of new federal rules paving the way for a second attempt at student loan relief. It would have canceled up to $20,000 in federal student loans for those with annual incomes below $125,000 or couples below $250,000. But after that was rejected by the court’s conservative majority, he called on the Education Department to try again using a different legal basis. The committee is made up of negotiators who represent a range of viewpoints on student loans.

Persons: —, Biden, Joe Biden’s, “ Organizations: WASHINGTON, Education Department, The Associated Press, Republicans, Higher, NAACP, Associated Press, Carnegie Corporation of New, AP Locations: Carnegie Corporation of New York

WASHINGTON (AP) — President Joe Biden’s second attempt at student loan cancellation is moving forward with a round of hearings beginning Tuesday to negotiate the details of a new plan. In a process known as negotiated rulemaking, 14 people chosen by the Biden administration will meet for the first of three hearings on student loan relief. Their goal is to guide the Education Department toward a proposal after the Supreme Court rejected Biden’s first plan in June. The negotiators all come from outside the federal government and represent a range of viewpoints on student loans. That plan would have canceled up to $20,000 in federal student loans for borrowers with incomes below $125,000 or couples below $250,000.

Persons: Joe Biden’s, Biden, Biden’s, rulemaking, “, didn't, Miguel Cardona, —, ”, ” Biden Organizations: WASHINGTON, Education Department, NAACP, Higher, The Education Department, Republicans, Associated Press, Carnegie Corporation of New, AP Locations: Carnegie Corporation of New York

☆ Biden to announce $9 billion more in student debt relief
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

U.S. President Joe Biden makes a statement about the stopgap government funding bill passed by the U.S. House and Senate to avert a government shutdown at the White House in Washington, U.S., October 1, 2023. REUTERS/Bonnie Cash/File Photo Acquire Licensing RightsWASHINGTON, Oct 4 (Reuters) - U.S. President Joe Biden plans to announce on Wednesday that his administration has approved an additional $9 billion in student debt relief for 125,000 borrowers, the White House said. Biden has said he will pursue new measures to provide student loan relief to Americans after the Supreme Court blocked his plan to cancel hundreds of billions of dollars in debt. The president's announcement, planned for 1 p.m. EDT at the White House, will bring the total approved debt cancellation by the Biden administration to $127 billion for nearly 3.6 million Americans, the White House said. According to a White House fact sheet, the new measures include:- $5.2 billion in additional debt relief for 53,000 borrowers under Public Service Loan Forgivenessprograms- nearly $2.8 billion in new debt relief for nearly 51,000 borrowers through fixes to "income-driven repayment,"which the White House says are borrowers who made 20 years or more of payments "but never got the relief they were entitled to."

Persons: Joe Biden, Bonnie Cash, Biden, White, Steve Holland, Gerry Doyle Organizations: U.S . House, Senate, White, REUTERS, Rights, Public, Social Security Administration, Thomson Locations: Washington , U.S

☆ We thought we avoided recession. Turns out we're not in the clear yet.
▼ + stars: | 2023-10-01 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

The US economy showed signs of a soft landing this summer. In September, the Federal Reserve buoyed those hopes by keeping interest rates unchanged for the first time since the first quarter of 2022. At the start of the rate increase, many borrowers, such as existing homeowners, had low mortgage interest rates locked in. As the economist David Rosenberg says, it typically takes six months for a recession to hit the economy after interest rates increase by this much. AdvertisementAdvertisementAnd while Powell said a soft landing is "possible," he also warned that it could be decided by factors "outside our control."

Persons: —, Taylor, Oppenheimer, Morgan, David Rosenberg, Eric Thayer, Janet Yellen, Jerome Powell, Powell Organizations: Service, National Association of Business Economics, Bank of America, Federal Reserve, JPMorgan, Costco, Bloomberg, Gas Locations: Monterey Park , California

☆ An overlooked group of borrowers will be hit hard as student loan repayments resume, former Fed economist says
▼ + stars: | 2023-10-01 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +2 min

Our experts answer readers' student loan questions and write unbiased product reviews (here's how we assess student loans). download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementMillennials with homes are an overlooked group in the student loan conversation, one economist argues. One group of borrowers will face a unique set of challenges in the face of a return to student loan debt repayments, which resume Sunday, a former Fed economist told The Wall Street Journal. However, they will be the group that cannot access any student loan relief.

Persons: —, It's millennials, Danielle DiMartino Booth, Dion Rabouin, Booth Organizations: Service, Wall Street, Dallas Fed

☆ Biden administration moves ahead with new plan to cancel student debt
▼ + stars: | 2023-09-29 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

The Biden administration announced on Friday the next step in its new plan to cancel people's student debt after the Supreme Court struck down its original policy in June. The U.S. Department of Education released its initial agenda of policy considerations for its second attempt at delivering Americans student loan relief. It also shared a list of individuals who will serve on the "Student Loan Debt Relief Committee," including Wisdom Cole at the NAACP, Kyra Taylor at the National Consumer Law Center and several student loan borrowers. Its original plan was broader, only cutting out student loan borrowers who earned more than $125,000 as individuals or $250,000 as couples. "The Biden-Harris Administration has taken unprecedented action to fix the broken student loan system and deliver record amounts of student debt relief," U.S. Secretary of Education Miguel Cardona said in a statement.

Persons: Wisdom Cole, Kyra Taylor, Biden, Harris, Education Miguel Cardona Organizations: Biden, U.S . Department of Education, Debt Relief, NAACP, National Consumer Law Center, Finance, Harris Administration, Education

☆ How 'consent farms' turn one click on a website into an open invitation for spammers to blow up your phone with robocalls
▼ + stars: | 2023-08-29 | by ( Jack Newsham | ) www.businessinsider.com time to read: +9 min

Spam phone calls have been annoying Americans for decades. Most people are on the Do Not Call list, but "consent farms" claim they sell a way around it. Farming consent from unwitting consumersKelly Pinn gets a lot of spam phone calls. Consent farms run rampantThe FTC and other regulators call websites like HealthInstantly.org "consent farms." On one side are affiliate marketers, who get paid to steer traffic to the farms' websites.

Persons: —, you've, Kelly Pinn, she's, Pinn, Ethan Preston, Chad Smanjak, ActiveProspect, Preston, He's, Smanjak, winky, Rob Seaver, Josh Gillon, Giulia Porter Organizations: Service, Federal Communications Commission, Federal Trade Commission, telemarketers, ActiveProspect Inc, LinkedIn, FTC, Smanjak, FCC, Urth, PACE Association, Viceroy Media Solutions, Flatiron Media, C4R Media Locations: Wall, Silicon, Austin, Orange County, Washington, Panama

☆ Biden's Education Department is taking the next step to get broad student-loan forgiveness to millions of borrowers
▼ + stars: | 2023-08-29 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department announced its latest step in the broad student-debt relief process. After the Supreme Court struck down Biden's first plan to cancel student debt broadly for borrowers using the HEROES Act of 2003, his Education Department announced it would be attempting relief using a different law: the Higher Education Act of 1965. "When the Supreme Court ruled against the Biden-Harris Administration's student debt relief plan, we did not waste a moment opening up a new pathway to debt relief," Education Secretary Miguel Cardona said in a statement. Since borrowers will not be entering repayment with broad relief, the department also announced a 12-month "on-ramp" period during which missed payments will not be reported to credit agencies, but interest will still accrue during that time. However, while the department is moving forward with the broad debt relief process, its future is uncertain due to conservative opposition — and potential legal challenges that could once again halt relief for borrowers.

Persons: Joe Biden, Harris, Miguel Cardona Organizations: Education Department, Service, Higher, Biden, Loan, Black Colleges, Universities, Federal Family Education Locations: Wall, Silicon

☆ Massachusetts health-care workers can get up to $300,000 in student loan forgiveness
▼ + stars: | 2023-08-23 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

The Massachusetts Executive Office of Health and Human Services announced this week that it would be awarding about $140 million in student loan relief to more than 2,900 workers in the state. The aid comes from the MA Repay Program, which the state launched last November to provide financial support to health-care workers, including psychiatrists, psychologists, nurses and social workers. The student loan awards range between $12,500 and $300,000 per borrower. The Massachusetts program is one of the many state efforts to reduce people's education debt burden. "There are many other opportunities for loan forgiveness that often go unknown because there is no global database of all student loan forgiveness options," said higher education expert Mark Kantrowitz.

Persons: Maura Healey, Joe Biden's, Mark Kantrowitz Organizations: of Health, Human Services, Finance, U.S, Supreme Locations: Massachusetts

☆ I’ll Pass on the Student-Loan Relief
▼ + stars: | 2023-08-16 | by ( Holly Wetzel | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ill-pass-on-the-student-loan-relief-college-students-biden-repayment-constitution-171ee35a

Persons: Dow Jones Organizations: biden

☆ As credit card debt tops $1 trillion for the first time, 'a huge test' for cardholders is coming
▼ + stars: | 2023-08-08 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

watch nowCollectively, Americans now owe more than $1 trillion on credit cards. Total credit card debt rose nearly 5%, or roughly $45 billion, in the second quarter to a new high of $1.03 trillion, according to a new report on household debt from the Federal Reserve Bank of New York. "One trillion dollars in credit card debt is staggering," Schulz added. "Credit card balances saw brisk growth in the second quarter," Joelle Scally, regional economic principal in the New York Fed's research and statistics group, said in a statement. On the heels of another rate hike last month by the Federal Reserve, the average credit card rate is also more than 20% on average, another all-time high.

Persons: Matt Schulz, LendingTree's, Schulz Organizations: Federal Reserve Bank of New, New York Fed, Federal Reserve Locations: Federal Reserve Bank of New York, York

☆ Over half of student loan borrowers racked up credit card debt during the payment pause—now experts worry about 'shock'
▼ + stars: | 2023-08-08 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Federal student loan borrowers have had a break from paying back their student loans for over three years now. Over 50% of borrowers added debt on regular credit cards during the student loan payment pause and another 31% racked up balances on retail cards, a recent TransUnion analysis found. Here's what's coming for student loan borrowers this fall. "Then you tack on $300 [student debt payment] for the average consumer and that's a pretty significant payment shock," she says. How to lower your student loan payment

Persons: Here's, Grace, Biden, they've, Liz Pagel, Pagel, they're Organizations: CNBC

"It seems like they do a lot to try to make it seem like they are the party for young Black men or Black men as a whole, but they don't back it with anything. The vast majority of Black voters, including men, are still expected to choose Biden over a Republican. Black men and women under the age of 50 voted Republican in similar numbers, the poll showed. A Reuters/Ipsos poll conducted July 11-17 found 18% of Black Americans would pick Trump over Biden in a hypothetical matchup, compared to 46% who favored Biden, including about one in four Black men, compared to about one in seven Black women. Compared with Black women, Black men were more likely to say they would back a presidential candidate that supported abortion restrictions and increased police funding to fight crime.

Persons: Joe Biden, Biden, lurch, Mekonnen, Biden's, I'm, LeLann Evans, Evans, Michael McDonald, Republican Donald Trump's, Trump, Terrance Woodbury, Woodbury, Julian Silas, Silas, Kamala Harris, Jaime Harrison, Harris, Tracy King, Andre Russell, Trevor Hunnicutt, Jarrett Renshaw, Jason Lange, Eric Cox, Heather Timmons, Alistair Bell Organizations: . Army, White House, Democratic Party, Democratic, White, Reuters, U.S, Republican, Black, Biden, Nashville City Council, Democrats, Pew Research, University of Florida, Republicans, HIT, Edison Research, Federal Reserve, Democratic National Committee, Culture, NAACP, Thomson Locations: Georgia, Black, South Carolina, Philadelphia, Atlanta , Milwaukee, Detroit, Pennsylvania , Michigan, Washington, Chicago, U.S, New Orleans

☆ Biden cancels debt for students who attended defunct Colorado college
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, July 25 (Reuters) - U.S. President Joe Biden's administration will cancel $130 million in debt for 7,400 student borrowers who enrolled at the now-defunct CollegeAmerica in Colorado from 2006 through July 1, 2020, the Education Department said. Biden said in a statement that borrowers at CollegeAmerica "were lied to, ripped off, and saddled with mountains of debt." He said his administration has approved $14.7 billion in relief for 1.1 million borrowers "whose colleges took advantage of them or closed abruptly". Biden has made addressing mounting U.S. student debt a top priority since taking office in January 2021, including by pursuing a plan to provide $430 billion in loan relief. Reporting by Rami Ayyub; Editing by Chris Reese and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden's, Biden, Rami Ayyub, Chris Reese, Jonathan Oatis Organizations: Education Department, Thomson Locations: Colorado

☆ For One Democrat, the Price of Bucking Her Party Is a Flood of Bad Reviews
▼ + stars: | 2023-07-22 | by ( Annie Karni | More About Annie Karni | ) www.nytimes.com time to read: +1 min

Dean’s Car Care, an auto repair shop in Portland, Ore., used to regularly rack up five stars and gushing accolades on Yelp and Google Reviews for its reliable and friendly service. “Honest and affordable. What else could you ask for?” one happy repeat customer wrote online in 2016. These days, Ms. Gluesenkamp Pérez is one of the most vulnerable Democrats in Congress, and Dean’s — the family business named for her husband — has become the target of vicious online trolling from the left. Progressives from around the country are review-bombing the establishment with posts expressing their ire at the first-term congresswoman for siding with Republicans on a bill to repeal President Biden’s student loan relief initiative.

Persons: Marie Gluesenkamp Pérez, Gluesenkamp, Dean’s, —, Biden’s Organizations: Democrat, Congress, Progressives Locations: Portland ,, “

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