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☆ Student-loan borrowers with 'hardship' could be eligible for Biden's next round of relief if the administration can define what that means
▼ + stars: | 2023-11-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department released its draft text for its new student-debt relief plan. AdvertisementAdvertisementOver the past few years, Insider has heard from a range of borrowers who have struggled to get ahead of their student debt. Now, President Joe Biden's Education Department is moving forward with its new plan for student-loan forgiveness — and it wants feedback on which situations would meet a "hardship' standard for relief. The department said it did not include that group of borrowers in its initial draft text for debt relief because it needs to further define what hardship means. Do you think your student debt experiences should qualify as hardship?

Persons: —, Joe Biden's, Pell, Tamy Abernathy Organizations: Education Department, Service, Joe Biden's Education Department, Higher

Security has been tightened and seats added to accommodate a wave of new attendees who decided to come after the Oct. 7 attacks. Speakers at the Las Vegas gathering will also include Senator John Thune, the second-ranking Senate Republican; Gov. Mr. DeSantis and Mr. Scott strongly denounced those remarks, and Mr. Trump spent several days walking them back. He also cut aid for Palestinians, and his administration took steps to designate a campaign to boycott Israel as antisemitic. Marc Goldman, a Boca Raton, Fla., investor on the group’s board, said he backed Mr. Trump in 2020 and was likely to support him again.

Persons: ”, Ari Fleischer, George W, Bush, Donald J, Trump, Mike Johnson, John Thune, Sarah Sanders of, Joe Lombardo, Matt Brooks, ” Eric Levine, Levine, Tim Scott of, “, Biden’s, Biden, Vivek Ramaswamy, Ron DeSantis, ” Nikki Haley, DeSantis, Haley, Scott, Pell, Benjamin Netanyahu, Marc Goldman, Mr, Goldman Organizations: Republican Jewish Coalition, Republican, Jewry, American, Republican Jewish, Israel Defense Forces, Gov, Republican Party, Israel, America, Mr, Abraham Accords, United Locations: Israel, United States, Las Vegas, Gaza, America, Louisiana, Vegas, Sarah Sanders of Arkansas, Joe Lombardo of Nevada, New York, Iran, China, Russia, Tim Scott of South Carolina, Tehran, Doha, Qatar, Florida, U.S, Jerusalem, Boca Raton, Fla

☆ What is the Student Aid Report?
▼ + stars: | 2023-10-24 | by ( Aly J. Yale | Richard Richtmyer | ) www.businessinsider.com time to read: +14 min

The Student Aid Report summarizes the information on your Free Application for Federal Student Aid (FAFSA). See Insider's picks for the best private student loans >>What is the Student Aid Report (SAR)? The Student Aid Report is a document that, through the 2023-2024 school year, was used to summarize the data submitted on a Free Application for Federal Student Aid (FAFSA). Federal student aid eligibilityYour summary will also include your Student Aid Index — formerly called the Expected Family Contribution. Schools and aid offersThe schools you apply to don't actually receive your FAFSA Submission Summary (formerly Student Aid Report).

Persons: —, Shannon Vasconcelos, Robert Kersey, you'll, Kersey, Vasconcelos, Perkins, Pell Grant, Elaine Rubin, You'll Organizations: Federal Student Aid, Service, Bright Horizons, Grants, What's, College of Charleston, Education, Department, Department of Federal Student Aid, Internal Revenue Service, SAR Locations: FAFSA.gov

☆ DeSantis Says He Would Cancel Student Visas of Hamas Sympathizers
▼ + stars: | 2023-10-21 | by ( Neil Vigdor | More About Neil Vigdor | ) www.nytimes.com time to read: +1 min

In a competition of hawkish messages on Israel, Ron DeSantis pledged on Friday night to revoke the student visas of Hamas sympathizers if elected president, while Tim Scott said he would withhold Pell grants from universities that failed to stamp out antisemitism. At an Iowa showcase featuring most of the top Republican presidential contenders, the Florida governor and the South Carolina senator engaged in one-upmanship about who would best support Israel, America’s closest Middle East ally. “You see students demonstrating in our country in favor of Hamas,” Mr. DeSantis said. “Remember, some of them are foreigners.”Mr. DeSantis then warned that if he became president, “I’m canceling your visa and I’m sending you home.”His remarks, during a tailgate at a construction plant in Iowa City, echoed recent talking points of former President Donald J. Trump, the G.O.P. front-runner, and Senator Marco Rubio of Florida, who sent a letter to Secretary of State Antony J. Blinken this week urging him to rescind the visas of “Hamas sympathizers.”Mr. Trump, who did not attend the event, had issued a similar pledge to expel student sympathizers of Hamas.

Persons: Ron DeSantis, Tim Scott, Pell, “, ” Mr, DeSantis, Mr, ”, Donald J, Trump, Marco Rubio, Antony J Organizations: Republican, South, Israel, Republicans Locations: Israel, Iowa, Florida, South Carolina, America’s, Iowa City, Marco Rubio of Florida

☆ Student-loan borrowers could lose more than debt cancellation if the presidential election doesn't go Biden's way
▼ + stars: | 2023-10-21 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementThe 2024 presidential election is quickly approaching — and there's a lot on the line for student-loan borrowers. While most federal borrowers were not required to make any payments for nearly three years of President Joe Biden's first term, they were also hopeful for broad debt relief. Now the Education Department is in the process of crafting a new plan under a different law. Here's what Republican presidential candidates are saying about the Education Department — and how it could impact millions of student-loan borrowers. And while private banks administer non-federal loans, borrowers with private debt often face higher interest rates without the option for federal relief.

Persons: —, Joe Biden's, Biden, Donald Trump's, Betsy DeVos, Ron DeSantis, Education Department —, Nikki Haley, Tim Scott, Chris Christie, Vivek Ramaswamy, Ramaswamy, Thomas Massie, Massie, Pell, Ronald Reagan Organizations: Department, GOP, Education Department, Service, Republican, Federal Department of Education, of Education, Education Department —, Internal Revenue Service, Department of Commerce, Energy Department, Education, Washington, Federal Locations: Florida, Washington ,

Black students are far less likely to have access to high school personal finance classes. But high schools with a majority of Black students are less likely to have a guaranteed personal finance course in their high schools. The student debt gapBlack borrowers are disproportionately burdened by student loan debt. Student debt can be daunting, but there are scholarships out there for Black students. 4. Credit discriminationRedlining is a well-known form of credit discrimination , but the issue goes beyond mortgages.

Persons: —, Tiffany Aliche, Pell, Biden, There's, Homeownership, doesn't, Aliche Organizations: Service, Finance, The Institute, College, NPR, National Bureau of Economic Research, Housing, Federal Reserve, Civil, Equal, The Association of African American Financial Locations: Brookings, Zillow

☆ It doesn't look like broad student-loan forgiveness will happen under Biden's new debt relief plan
▼ + stars: | 2023-10-11 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

The Education Department confirmed broad-based relief is not on the table. But it's looking at distinct groups of borrowers that could get relief under the Higher Education Act. On October 10 and 11, a group of selected negotiators met with Education Department officials to discuss what student-loan forgiveness under the Higher Education Act should look like. Abernathy said that instead the department would look at more specific waivers allowing at least some debt forgiveness for targeted groups. What I'm saying is that there are many moving pieces and parts of this and the categories for which we are presenting and we end up crafting those regulations could cancel some borrowers' debt completely, but it could not cancel all borrowers' debt completely."

Persons: —, Joe Biden's, Tamy Abernathy, Abernathy, Pell Grant, We're Organizations: Education Department, Higher, Service, Joe Biden's Education Department, Supreme, The Education Department, Public, Management

☆ The 5 groups of student-loan borrowers Biden is targeting for his new broad debt cancellation plan
▼ + stars: | 2023-10-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department is moving forward with its new plan for broad student-debt relief. Last week, the Education Department released new details on the process to cancel student debt using the Higher Education Act of 1965. However, it indicates how Biden is thinking about his new plan for relief by targeting borrowers who have struggled with repayment to no fault of their own. Additionally, there is no guarantee borrowers who qualified for Biden's first debt relief plan will qualify this time around. The progress toward new debt relief comes as millions of federal borrowers are entering repayment after an over three-year pause.

Persons: —, Joe Biden's, Biden's, Biden, Pell Grant, Alexandria Ocasio, Cortez Organizations: Department, Service, Joe Biden's Education Department, Education Department, Higher Locations: Alexandria

☆ Opinion: Government shutdown means Congress gets paid while most federal workers don’t
▼ + stars: | 2023-09-29 | by ( Cristian Arroyo-Santiago | Opinion Rob Rosenthal | ) edition.cnn.com time to read: +6 min

The great majority of our almost 4 million federal employees would be furloughed without pay. But strikingly, one group of federal employees would not stop receiving their paychecks: members of Congress. Article I, Section 6 of the Constitution requires that members of Congress be paid while in office. What would it mean if those members of Congress who forced a shutdown of the government faced the same economic consequences as the average AFGE employee? The division between making the plan and living the plan is not inevitable or universal.

Persons: Rob Rosenthal, John E, Andrus, ” Everett Kelley, AFGE, ”, Nassim Nicholas Taleb, Volodymyr Zelensky, Pell, aren’t Organizations: Wesleyan University, CNN, Transportation Security Administration, TSA, Federal Drug Administration, Occupational Health, Safety Administration, Environmental, Agency, Parks, SNAP, WIC, American Federation of Government Employees, Pew Research Center Locations: Russian, Ukraine, Kyiv, America

The Office of Management and Budget reminded senior agency officials Friday to update and review shutdown plans. Those plans can vary from shutdown to shutdown. The nearly 4 million Americans who are federal employees will feel the effect immediately. Essential workers will remain on the job, but others will be furloughed until the shutdown is over. For many of them, a shutdown would strain their finances, as it did during the record 35-day funding lapse in 2018-2019.

Persons: “, ”, Doreen Greenwald, Everett Kelley, Pell, disbursing Pell, It’s, treasurers Organizations: CNN, Management, National Treasury Employees Union, American Federation of Government Employees, Transportation Security Administration, Social Security, TSA, of Labor Statistics, Federal Reserve, Business Administration, Futures, US Centers for Disease Control, Drug Administration, Safety, Health Administration, Environmental Protection Agency, ”, Smithsonian, National, National Archives, National Park Service, of Education, Federal Student Aid, Federal, Department of, Assistance, SNAP, US Department of Agriculture, Women, of Housing, Urban Development, Commission, Research, NOAA, Oceanic, Administration, National Science Foundation, Peace Corps, State Department, Defense Department Locations: United States, America, Washington, DC, shutdowns

☆ US government shutdown: What is it and who would be affected?
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +7 min

Contracts awarded prior to the shutdown would continue, and the Pentagon could place new orders for supplies or services needed to protect national security. NATIONAL PARKS AND NATURAL RESOURCESIt's not clear how the United States' 63 national parks would be affected. They remained open during the 2018-2019 shutdown, through restrooms and information desks were closed and waste disposal was halted. WHITE HOUSEIn 2018-2019 shutdown, the White House furloughed 1,100 of 1,800 staff in the Executive Office of the President. Some offices, such as the National Security Council, continued at full strength, while others like the Office of Management and Budget were scaled back sharply.

Persons: Kevin Wurm, Lockheed Martin, Donald Trump, Pete Buttigieg, Pell, Andy Sullivan, Pete Schroeder, Howard Schneider, Moira Warburton, Scott Malone, Alistair Bell Organizations: U.S, Capitol, REUTERS, Workers, Pentagon, Boeing, Lockheed, Raytheon, The, National Nuclear Security Administration, FBI, Drug Enforcement Administration, Service, Border Patrol, Coast Guard, Federal Trade, AFFAIRS U.S, National Institutes of Health, National Science Foundation, National Oceanographic, Atmospheric Administration, NASA, Space, Disease Control, Prevention, Food and Drug Administration, Securities, Exchange, Commodities, Futures Trading, Federal Reserve, Federal Deposit Insurance Corporation, Currency, Social Security Administration, Veterans Administration, Federal Emergency Management Agency, Education Department, White, Small Business Administration, National Labor Relations, National Security Council, Management, U.S . Postal, Thomson Locations: Washington , U.S, United States

☆ With a New Formula, U.S. News Rankings Boost Some State Universities
▼ + stars: | 2023-09-18 | by ( Alan Blinder | More About Alan Blinder | ) www.nytimes.com time to read: +1 min

The reworked formula assigned greater emphasis to graduation rates for students who received need-based Pell grants and retention. It also introduced metrics tied to first-generation college students and to whether recent graduates were earning more than people who had completed only high school. Occupying the ranking’s middle rungs meant that shifts in methodology, like the removal of alumni giving as a criterion, could easily fuel dramatic rises and falls. Schools have said that the rankings have an outsize influence on students and parents, who use them as a proxy for prestige. 29, among liberal arts colleges.

Persons: Pell, Song Richardson, haven’t, ”, Richardson Organizations: . News, Schools, Colorado College

☆ Student-loan payments are resuming the same day the government could shut down. Here's what that means for borrowers.
▼ + stars: | 2023-09-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

A shutdown would coincide with the first day federal student-loan payments are set to resume. If not, Americans will face a government shutdown on October 1, which also happens to be the same day federal student-loan payments resume. All that could be much worse if the Education Department shuts down at the same time payments are supposed to start up. AdvertisementAdvertisementAfter over three years on pause, federal borrowers will start footing an extra monthly bill as early as October 1. AdvertisementAdvertisementThe Education Department has said it remains in frequent contact with servicers to ensure a smooth transition back into repayment.

Persons: —, servicers Organizations: Education Department, Service, Sunday, Republicans, Management, Federal Student, Education, Department Locations: Wall, Silicon

☆ The Great College Pricing Sham
▼ + stars: | 2023-09-10 | by ( James S. Murphy | ) www.businessinsider.com time to read: +21 min

I use quotation marks, because merit aid is granted to half the students at public colleges and 84% at private colleges. Today the average merit-aid discount at private colleges is $23,000 — leaving the student to cover the remaining $30,000 or $40,000. At four-year public colleges, tuition now accounts for 52% of operational revenue, versus 48% from state funding. To make college more accessible, we need to make greater public investments — at both the state and federal levels — in higher education. James S. Murphy is a higher education policy analyst at Education Reform Now.

Persons: Joe Biden, YouGov, Gen, Gen Zers, You'll, Pell Grant, Dominique Baker, —, Getty, Ben Sasse, who's, Sasse, David Feldman, William & Mary, Ford, Feldman, they're, Sandy Baum, It's, There's, Baum, They're, Josh Shapiro, Spencer Cox, shouldn't, James S, Murphy Organizations: Insider, Harvard, of California, Southern Methodist University, Ivy League, U.S . News, Honda, Porsche, University of Florida, McKinsey & Company, University of Oklahoma, University of Kentucky, Ford, Apple, Fordham, Appalachian, William &, Technology, West Virginia University, WVU, Urban Institute, Google, Reform, Twitter Locations: United States, Italian, Appalachian State, America, Pennsylvania, Utah

☆ The College Access Index Returns
▼ + stars: | 2023-09-08 | by ( David Leonhardt | More About David Leonhardt | ) www.nytimes.com time to read: +1 min

The Supreme Court decision banning race-based affirmative action has thrust economic diversity to the center of the debate over college admissions. Many supporters of the old affirmative action see economic diversity as a way to continue creating racially diverse college classes, given the large racial gaps that exist in income and wealth. Given this background, my colleagues at The Times Magazine and I decided to shine a light on economic diversity at nearly 300 of the country’s most selective colleges, public and private. This morning, we’re publishing a measure we call the College Access Index. ‘They are there’A decade ago, Washington University in St. Louis was the least economically diverse college in the country.

Persons: Louis, Pell Organizations: Times, Washington University Locations: St

☆ The Top U.S. Colleges With the Greatest Economic Diversity
▼ + stars: | 2023-09-07 | by ( David Leonhardt | Ashley Wu | ) www.nytimes.com time to read: +1 min

As part of this week’s Education Issue of the magazine, The New York Times is publishing the College-Access Index, a list of the country’s most-selective universities ranked in order of economic diversity. For this updated version, we have measured economic diversity by analyzing the share of students receiving Pell Grants, which typically go to students from the bottom half of the income distribution. The list covers the 286 most-selective colleges in the country, defined by Barron’s Profiles of American Colleges and other metrics. Here, you see each college’s Pell share for the entering class in 2020-21, compared with the 2010-11 share. Schools are listed in order of economic diversity as measured by share of the student body receiving Pell Grants.

Persons: Pell Organizations: The New York Times, College, Times, Barron’s, American Colleges, Berea College Locations: Kentucky

☆ Why Does Duke Have So Few Low-Income Students?
▼ + stars: | 2023-09-07 | by ( David Leonhardt | Graphics Ashley Wu | ) www.nytimes.com time to read: +31 min

Duke students, she thought, seemed more well rounded than students on some other campuses. I think it was me being a little bit naïve.” Other Duke students who identify as F.G.L.I. At Duke — as well as elite colleges that admit more low-income students — their graduation rate tends to be similar to the overall graduation rate. Over the past decade, as other elite colleges paid more attention to low-income students, they wooed some who once might have attended Duke. “Duke students are really oriented to the world,” she said.

Persons: Ben Denzer, Perkins, Duke, ” Juliana Alfonso, DeSouza, ”, Stephany Perez, Sanchez, University of Chicago —, Pell, Duke Duke, Melinda French Gates, Adam Silver, ” Gary Bennett, Grant, Bates, Brown, Pell Grant, ” Bennett, we’re, Ithaka, Yale Conn, —, Juliana Alfonso, Juliana, Duke Rice, Austin U.N.C, “, Karen Dong, ” Dong, ” Randi Jennings, Dong, Duke’s F.G.L.I, Duke —, ” Jennings, Randi, Jennings, Alfonso, David M, Rubenstein, “ It’s, ” Alfonso, Colleges don’t, Bennett, Caroline Hoxby, Christopher Avery, Louis, Holden Thorp, ” Thorp, Ron Daniels, Johns Hopkins, ” Daniels, Catharine Bond Hill, Thorp, Hopkins, Michael Bloomberg, Johns, “ Duke Organizations: Duke University, Perkins, Ivy League, Stanford, Massachusetts Institute of Technology, University of Chicago, Harvard, Yale, Princeton, Columbia, Pell Grants, Duke, Pell Grants Harvard, Penn, Cornell, Dartmouth, Brown, Chicago, U.S . News, Colleges, Midwest, California Institute of Technology, Notre Dame, Bucknell, Georgia Tech, Oberlin, Reed, Tufts, Tulane, Wake, Universities, Wall Street Journal, University of California, University of South, College, Princeton N.J, Pomona Calif, Dartmouth N.H, Stanford Calif, Caltech Calif, Amherst Mass, Grinnell Iowa, Claremont McKenna, Vanderbilt, Opportunity, Elite, Spurs, Texas North, Southern Methodist University, Davidson, California Massachusetts, Stanford Harvard, Berkeley UMass Amherst, Amherst College Pomona, University of Texas, parka, Mardi Gras, Daily, West Union, LIFE, Uber, ” Colleges, Washington University, Hopkins, Vassar College, Johns Hopkins, University of Michigan, University of Virginia, University Locations: San Antonio, South Carolina, M.I.T, United States, Durham, N.C, Georgetown, Georgia, California, San Diego, U.C.L.A, University of South Dakota, University of South Florida, America, Middlebury, Northwestern, Pomona, Swarthmore, Harvard, Texas North Carolina, Texas, Canada, Myrtle Beach, Dallas, China, New Orleans, Irish, Camden , N.J, “, St, Johns Hopkins, Wash

☆ Yale’s President Announces He Will Step Down
▼ + stars: | 2023-08-31 | by ( Stephanie Saul | More About Stephanie Saul | ) www.nytimes.com time to read: +1 min

Peter Salovey, the president of Yale, announced Thursday that he will step down in June after 11 years in office, during which he increased the university’s endowment, student enrollment, and its racial, ethnic and economic diversity. A decade ago, the number of first-generation students was 12 percent. This year, Black students made up 14 percent of the class, 18 percent were Latino, 42 percent were white and 30 percent were Asian American. Image Peter Salovey, the president of Yale, in 2017. Credit... Kimberly White/Getty ImagesIn Dr. Salovey’s last year as president, elite colleges will confront a new admissions landscape. Yale University has resisted eliminating the preference and about 11 percent of the class of 2027 are legacies.

Persons: Peter Salovey, Kimberly White, Salovey’s Organizations: Yale, Grants, Yale University

☆ 2 companies scammed student-loan borrowers out of $8.8 million in 'illegal' fees over 'phony promises of loan forgiveness and lower monthly payments,' a federal watchdog says
▼ + stars: | 2023-08-21 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The FTC accused two companies of scamming student-loan borrowers out of $8.8 million. The FTC said they pocketed "illegal" fees for debt relief services that are normally free. A federal court halted the operations of the companies last week, and it will determine whether they violated the law. Biden's administration has previously warned borrowers to keep an eye out for scams, especially with confusion surrounding the debt relief conversation. Nearly a year ago, the Education Department announced up to $20,000 in debt relief for federal borrowers.

Persons: Joe Biden's, Samuel Levine, Pell Grant Organizations: FTC, Service, Federal Trade Commission, Intercontinental Solutions, Joe Biden's Education Department, Education Department, FTC's Bureau, Consumer Locations: Wall, Silicon

Aug 15 (Reuters) - Artificial intelligence code cleanup startup Grit has raised a $7 million in a seed round, the New York City-based startup said on Tuesday. Founders Fund and Abstract Ventures led the round, with participation from Quiet Capital, 8VC, A* Capital, AME Cloud Ventures, SV Angel, Operator Partners, CoFound Partners, and Uncorrelated Ventures. Grit provides an AI-powered product that automates software maintenance, traditionally a manual and frustrating task for software engineering teams, particularly for large enterprises with antiquated code bases. For example, when new versions of software come out, engineering teams can spend months updating their code to work with the new software version, which Grit uses AI to entirely automate, said the company’s CEO Morgante Pell. In one case, a software project that was supposed to take six months was shortened to one week using Grit, he said.

Persons: Morgante Pell, “, John Luttig, Anna Tong, Tomasz Janowski Organizations: New, Fund, Ventures, Quiet, AME Cloud Ventures, SV Angel, Partners, CoFound Partners, ”, Reuters, “, Thomson Locations: New York City, San Francisco

☆ More than 20 million Americans enrolled in a federal program for subsidized internet access
▼ + stars: | 2023-08-14 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

Washington CNN —More than 20 million US households are now receiving discounts on internet service as part of a federal program created to close the digital divide, according to the Federal Communications Commission. Recipients living on tribal lands can receive even more, up to $75 per month to help cover internet access costs. Then, this February, Vice President Kamala Harris announced the figure had grown to more than 16 million households saving a total of $500 million a month on internet service. The program has continued to gain more than half a million new households a month since then. The ACP isn’t the only way the US government has recently moved to expand internet access.

Persons: Washington CNN —, Kamala Harris, ”, Jessica Rosenworcel Organizations: Washington CNN, Federal Communications Commission, Program, SNAP, Pell, FCC, ACP, Commerce Department, Broadband Equity Locations: United States

☆ A New FAFSA Form Is Coming, Along With Changes in College Aid
▼ + stars: | 2023-08-11 | by ( Ann Carrns | ) www.nytimes.com time to read: +2 min

College students must file the form each year to get financial aid from the federal government. Many states and colleges also base their own aid on the federal form. Some changes, like shielding more of a family’s income from the aid calculation, tend to increase eligibility for financial help. About a third of college students have a sibling who is also enrolled, Dr. Levine said. One rationale for the change is that financing a college education now involves long-term saving and borrowing, and isn’t something that most people can pay for with their current income.

Persons: Pell, MorraLee Keller, Levine, ” Dr Organizations: Education Department, National College

☆ Student-loan borrowers' interest rates would be 'immediately eliminated' if Democratic lawmakers' new bill is passed
▼ + stars: | 2023-08-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

A pair of Democrats introduced a bill to eliminate interest on existing federal student loan balances. "Thanks to this fix, 43 million Americans with existing federally held student loans would see their interest rates immediately eliminated," the press release said. The federal government should not exacerbate the problem by making money off borrowers' federal student loans," Courtney said in a statement. This legislation comes as interest on student-loan payments is beginning to accrue again in September, with borrowers resuming payments one month later. People should not be incurring interest during this 12-month on-ramp period, so I highly urge the administration to consider suspending those interest payments."

Persons: Joe Courtney, Vermont Sen, Peter Welch, Courtney, SCOTUS, Biden's, Pell, Virginia Foxx, Joe Biden's, Alexandria Ocasio, Cortez Organizations: Service, Democratic, Connecticut, Republican, Federal Assistance, FAIR, New York Rep Locations: Wall, Silicon, Vermont, Alexandria

It has been well established that legacies have an advantage in elite college admissions. But the new data was the first to quantify it by analyzing internal admissions records. They used more recent data, including the income tax records of graduates of the dozen top colleges in the study, to analyze their post-college outcomes. They estimated that legacy students were no more likely than other graduates to make it into the top 1 percent of earners, attend an elite graduate school or work at a prestigious firm. “This isn’t about unqualified students getting in,” said Michael Hurwitz, who leads policy research at the College Board and has done research on legacy admissions that found similar patterns.

Persons: Friedman, Raj Chetty, David J . Deming, Harvard —, ”, Michael Hurwitz, Biden Organizations: Harvard, College Board, Civil Rights, Education Department

The study — by Opportunity Insights, a group of economists based at Harvard who study inequality — quantifies for the first time the extent to which being very rich is its own qualification in selective college admissions. The result is the clearest picture yet of how America’s elite colleges perpetuate the intergenerational transfer of wealth and opportunity. Less than 1 percent of American college students attend the 12 elite colleges. For the several elite colleges that also shared internal admissions data, they could see other aspects of students’ applications between 2001 and 2015, including how admissions offices rated them. Share of admitted students who were recruited athletes at selected elite colleges Recruited athletes at elite colleges were much more likely to come from the highest-earning households.

Persons: ”, Susan Dynarski, Raj Chetty, John N . Friedman of Brown, David J . Deming, Christopher L, “, Neil Gorsuch, didn’t, Ivy, Dynarski, Pell, You’re, Michael Bastedo, Bastedo, John Morganelli, don’t, It’s, you’re, Jana Barnello, Stuart Schmill, “ It’s Organizations: Elite College, Ivy League, Opportunity, Harvard, Stanford, Duke, University of Chicago, Harvard Graduate School of Education, Princeton, Notre Dame, Public, University of Texas, University of Virginia, Fortune, University of Michigan, New York Times, Dartmouth, University of Michigan’s School of Education, Cornell, College Board, Brown, University of California Locations: M.I.T, America, Northwestern, N.Y.U, Austin, United States, California, U.C.L.A

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