Wipe out student loan debt - New York Amsterdam News

Norge Nyheter Nyheter

Wipe out student loan debt - New York Amsterdam News
Norge Siste Nytt,Norge Overskrifter
  • 📰 NYAmNews
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

It was good news for all Americans, especially for those still burdened with debt from student loans, that President Biden has signaled that he will use his executive authority to cancel some of the debt.

Currently, a moratorium on student loans has been in effect since the outbreak of COVID-19, and the news has come that the president plans to do more than extending the moratorium, which is still short of canceling the debt entirely.

Even so, there is a bit of hesitancy on such a broad relief initiative, particularly its impact on the economy in this period of rising inflation. Biden appears to have his ear cocked to some of the concerns raised by a recent government watchdog report that has revealed stark failure in the student loan forgiveness program run by the feds.

For Richard Cordray, chief operating officer at FSA , an agency of the Education Department, “this is really inexcusable,” he said in an interview with Yahoo Finance. “But what’s done is done. And what we’re trying to do here is take account of it and make adjustments for it as best we can.”

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

NYAmNews /  🏆 269. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

Adult sex abuse survivors win 2nd chance to sue in New York - New York Amsterdam NewsAdult sex abuse survivors win 2nd chance to sue in New York - New York Amsterdam NewsAdult sexual assault survivors who missed legal deadlines to sue their abusers would get a second chance to file lawsuits under a bill that received final approval Monday from New York’s Legislature.
Les mer »

Rapid Response Protests Planned to Stop Biden From 'Screwing Up' Student Debt ReliefRapid Response Protests Planned to Stop Biden From 'Screwing Up' Student Debt ReliefBiden's reported student debt relief proposal 'fundamentally misunderstands the predatory nature of student loans,' said one critic.
Les mer »

Africans fleeing war in Ukraine face new obsticles in France - New York Amsterdam NewsAfricans fleeing war in Ukraine face new obsticles in France - New York Amsterdam News“We thought France would welcome us, but that is not the case,” a Congolese student told the news service France24. “They tell us we don’t have a nationality––that we were in Ukraine only to study and now we have to go home.”
Les mer »

Celestine Chaney, Buffalo supermarket victim, mourned - New York Amsterdam NewsCelestine Chaney, Buffalo supermarket victim, mourned - New York Amsterdam NewsImages of Celestine Chaney’s shooting death in a hate-fueled attack inside a Buffalo supermarket made their way across the internet in the days that followed.
Les mer »

Chandler-Waterman celebrates 58th Assembly special election win - New York Amsterdam NewsChandler-Waterman celebrates 58th Assembly special election win - New York Amsterdam NewsYet another special election wrapped this Tuesday, May 24, with a new state Assembly member-elect in the 58th District. The district covers East Flatbush and Canarsie in Brooklyn.
Les mer »

Malcolm X Day in Harlem - New York Amsterdam NewsMalcolm X Day in Harlem - New York Amsterdam NewsAs is traditional, there was the annual pilgrimage to the gravesite in Ferncliff Cemetery in Hartsdale, which Malcolm X shares with his wife’s, Dr. Betty Shabazz.
Les mer »



Render Time: 2025-03-19 02:25:17