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☆ Biden administration to make it easier for student loan borrowers to discharge debt in bankruptcy
  + stars: | 2022-11-17 | by ( Annie Nova | ) www.cnbc.com   time to read: +2 min
President Joe Biden speaks on the student debt relief plan as Secretary of Education Miguel Cardona listens in at the Eisenhower Executive Office Building in Washington, D.C., on Oct. 17, 2022. The Biden administration announced on Thursday updated guidelines that will make it easier for those struggling with their student debt to discharge it in bankruptcy. Under the rules, the agencies may recommend that a bankruptcy judge discharge a borrower's student debt if they find their case warrants it. Currently, it's difficult, if not impossible, for someone to walk away from their federal student debt in a normal bankruptcy proceeding. Outstanding student debt exceeds $1.7 trillion, and even before the pandemic, some 10 million borrowers were in delinquency or default.
☆ Biden administration warns of 'historically large increase' in student loan defaults without debt forgiveness
  + stars: | 2022-11-16 | by ( Annie Nova | ) www.cnbc.com   time to read: +2 min
Student loan borrowers gather near The White House to tell President Biden to cancel student debt on May 12, 2020. Student loans plagued with problems before CovidEven before the pandemic, when the U.S. economy was enjoying one of its healthiest periods in history, problems plagued the federal student loan system. watch nowFederal student loan payments have been on pause since March 2020, when the coronavirus pandemic first hit the U.S. and crippled the economy. Despite offering student loan borrowers forbearances during previous natural disasters, default rates still skyrocketed, Kvaal said in the filing. "[T]he one-time student loan debt relief program was intended to avoid" that problem, he added.
☆ Biden's Education Department just shut the door on new student-loan relief applications following a court ruling
  + stars: | 2022-11-11 | by ( Sam Tabahriti | ) www.businessinsider.com   time to read: +2 min
Biden's Education Department has stopped accepting applications for student-loan forgiveness. The announcement came after a US District judge ruled on Thursday that the debt relief program was illegal. "Courts have issued orders blocking our student debt relief program," according to a note on the forgiveness application page. The Education Department said in a statement following the ruling that the Department of Justice has filed an appeal. Cardona added: "Amidst efforts to block our debt relief program, we are not standing down."
☆ Biden Administration stops taking applications for student loan forgiveness
  + stars: | 2022-11-11 | by ( Annie Nova | ) www.cnbc.com   time to read: +3 min
U.S. President Joe Biden is flanked by U.S. Secretary of Education Miguel Cardona as he speaks about administration plans to forgive federal student loan debt during remarks in the Roosevelt Room at the White House in Washington, U.S., August 24, 2022. The Biden administration has stopped accepting applications for federal student loan forgiveness after a court struck down its plan on Thursday evening. "Courts have issued orders blocking our student debt relief program," according to a note on the forgiveness application page at Studentaid.gov. "Amidst efforts to block our debt relief program, we are not standing down." "Judge Pittman's decision was about as wrong and weird as any federal court ruling I can recall reading," Tribe said.
☆ A federal judge just struck down Biden's student-loan forgiveness plan — the most serious legal setback for the debt relief so far
  + stars: | 2022-11-11 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +5 min
A federal judge in Texas struck down Biden's student-loan forgiveness on Thursday. It's in response to a lawsuit filed by two student-loan borrowers who didn't qualify for the relief. This is the most serious legal setback to Biden's debt relief so far. This was in response to a lawsuit filed by two student-loan borrowers, Myra Brown and Alexander Taylor, represented by conservative group the Job Creators Network, who sued because they were left out of debt relief. "Today, a federal judge conspired with right-wing politicians and corrupt corporations to block life-changing student debt relief for tens of millions of families," executive director of advocacy group Student Borrower Protection Center Mike Pierce said in a statement.
☆ Federal Judge in Texas Strikes Down Biden Student-Loan Forgiveness Program
  + stars: | 2022-11-10 | by ( Gabriel T. Rubin | Andrew Restuccia | ) www.wsj.com   time to read: 1 min
The Biden administration is seeking to implement a program that would forgive student debt for millions of borrowers. A federal judge in Texas on Thursday struck down the Biden administration’s student-debt forgiveness plan, imperiling a key administration priority that would have canceled up to $20,000 in student loans for tens of millions of borrowers. The Biden administration’s plan is an “unconstitutional exercise of Congress’s legislative power” that also failed to go through normal regulatory processes, Judge Mark Pittman of the Northern District of Texas wrote in a 26-page opinion.
☆ Former Los Angeles Angels executive sentenced to 22 years in overdose death of pitcher Tyler Skaggs
  + stars: | 2022-10-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com   time to read: +4 min
A former Los Angeles Angels baseball executive was sentenced to 22 years in prison Tuesday after he was convicted of providing fentanyl-laced pills that contributed to the death of pitcher Tyler Skaggs. "We are very grateful to everyone who worked so hard to investigate and prosecute Eric Kay," Skaggs' family said in a statement. Los Angeles Angels starting pitcher Tyler Skaggs throws during the second inning of the game against the Oakland Athletics on June 6, 2019, in Anaheim, Calif. Mark J. Terrill / AP fileCody L. Cofer, Kay's attorney, said the former Major League Baseball executive will appeal. They said the executive dealt pills, including the "blue boys" that contributed to Skaggs' death, to multiple players at Angel Stadium. "One fentanyl pill can kill," the U.S. Attorney for the Northern District of Texas, Chad E. Meacham, said in a statement.
☆ Ex-Angels employee Kay sentenced to 22 years after overdose death of pitcher Skaggs
  + stars: | 2022-10-11 | by ( Rory Carroll | Thomson Reuters | Los Angeles-Based Sports Reporter Who Interviews The Most Impactful Athletes | ) www.reuters.com   time to read: +2 min
LOS ANGELES, Oct 11 (Reuters) - Former Los Angeles Angels communications director Eric Kay, who in February was found guilty of distributing a controlled substance to late Angels pitcher Tyler Skaggs, was sentenced to 22 years in prison on Tuesday, the Department of Justice said. Skaggs, 27, died on July 1, 2019 while on a team trip to Texas and an autopsy showed oxycodone, fentanyl, and alcohol in his system. In a statement, Skaggs' family said they were grateful to those who investigated and prosecuted Kay. "On behalf of the entire Angels Organization, our compassion goes out to the Skaggs family on this difficult day," Angels spokesperson Marie Garvey said in a statement. Register now for FREE unlimited access to Reuters.com RegisterReporting by Rory Carroll in Los Angeles Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.
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