#frotman

[uchihamaggot]

Happy Happy Happy Birthday Corey Taylor #HappyBirthdayCoreyTaylor 🎂🍰🎈🎉🎊🎀🎁 #coreytaylor #coreytodtaylor #CMFT #Slipknot #vocalist #frotman #StoneSour #Maggot #Maggots #SlipknotFans #MaggotsForLife #Maggots4Life #Music #Metal #metalmusic #musicblog (at Konohagakure) https://www.instagram.com/p/Cl6ACi5OJRq/?igshid=NGJjMDIxMWI=

[noticiassomosponce]

Someten nuevos cargos contra agente de viajes por apropiación ilegal agravada por viaje a África ocurrido en Cidra

Agentes del Negociado de la Policía de Puerto Rico, adscritos a la División de Delitos Contra la Propiedad del Cuerpo de Investigaciones Criminales (CIC) de Caguas, llevaron a cabo una investigación que culminó en una nueva radicación de cargos por parte de la Fiscalía en contra de Wilbert S. Frotman de 32 años y residente en San Lorenzo, por violaciones a los artículos182 (Apropiación ilegal…

[metaleterno]

Iniciaba el año 2023 con una de las bandas más importantes del metal sinfónico a lo largo de la historia del metal, Therion desde Suecia llegaba con el "Leviathan Latinamerican Tour" de nuevo a Buenos Aires para brindar un excelente show que servía como promoción de su último disco "Leviathan". A las 20:40 pasaban a mi lado los músicos junto a un cordón de seguridad si " 'Christofer' 'Christian' 'Thomas' 'Chiara' 'Rosalia' " los míticos Therion ya a las 21 horas marcadas en el reloj y podíamos escuchar "O fortuna" así comenzaba este recital con un gran poder y magia que solo te puede transmitir esta leyenda viviente del género, alucinante el tema del disco "Sirius B" "The Blood of Kingu" uno de los tantos discos tan interesantes que ha logrado gestar "Christofer Johnsson" a lo largo de tantos años de carrera. Pudimos viajar en el tiempo recorriendo varios temas del brutal disco "Vovin" el más vendido hasta la fecha por la banda, de igual forma "Leviathan I" y "Leviathan II" fueron parte fundamental del set de la noche por cierto par de discos grabados en plena pandemia. Momento bastante emotivo en la noche "Christian Vidal" tomaba el micrófono para interactuar con el público con todos sus compatriotas arrancando aplausos y gritos. Muchos puntos altos en el show sobre todo el gran registro vocal de "Chiara y Rosalía" sin dejar atrás a Thomas un gran frotman. Un especial cierre de show con dos megas clásicos "The Rise of Sodom and Gomorrah" arrancando gritos al público para luego despachar otro clásico "To Mega Therion" y culminaban la noche con "Quetzalcoatl" un show increíble el que logramos disfrutar esa noche. Reseña: @aletorres1987 Material cortesía de nuestro equipo en BA. Setlist: O Fortuna The Blood of Kingu Birth of Venus Illegitima Litany of the Fallen Tuonela Ginnungagap Lemuria Abraxas An Arrow From the Sun Wine of Aluqah Cults of the Shadow Leviathan Asgård Pazuzu Codex Gigas Son of the Staves of Time Encore: The Rise of Sodom and Gomorrah To Mega Therion Encore2: Quetzalcoatl #therion #Icarusmusic #elteatrito #metaleternopresentes (en El Teatrito) https://www.instagram.com/p/Cn2VuAcJQ9M/?igshid=NGJjMDIxMWI=

[parcival2]

President Donald Trump isn’t the only member of his administration who is looking at multiple investigations by House committees about to be taken over by Democratic majorities following the “blue wave” midterm elections. According to Politico, Education Secretary Betsy DeVos is facing at least five committees — with subpoena power — planning on looking into her policies and tenure once they take control of the House in the new year. With Seth Frotman, the former …

[bossward3232]

tick toc...

[alaturkanews]

Biden administration overhauls student loan forgiveness program for public-sector workers

Biden administration overhauls student loan forgiveness program for public-sector workers

The Biden administration is overhauling the Public Service Loan Forgiveness Program. The Department of Education said the changes could benefit more than 550,000 public-sector workers. Seth Frotman, the executive director of the Student Borrower Protection Center, joins CBSN's Lana Zak to discuss the changes and who might qualify. CBSN is CBS News’ 24/7 digital streaming news service featuring…

[collegeeducationnewsllcusa]

Biden promise to forgive $10,000 in debt remains unfulfilled

Joe Biden’s 2020 presidential campaign website said that a president would forgive Biden “at least $ 10,000 per person in federal student loans,” eliminating all student debt for 15 million of the nearly 45 million American borrowers.

Almost six months after his presidency, that promise remains unfulfilled.

A blurb from the Biden 2020 campaign website. (JoeBiden.com)

The Biden government has taken some targeted steps to cancel certain borrowers’ debt, and the pandemic suspension of federally sponsored debt payments will result in total student loan relief of around $ 100 billion between March 2020 and September 2021.

Prominent Democrats, meanwhile, continue to urge a skeptical President Biden to enact a large-scale cancellation of up to $ 50,000 through executive action (contrary to the laws passed by Congress).

“Many Americans voted for President Biden because he promised to provide direct aid to those in need – and now is the time to act,” said US Senator Elizabeth Warren (D-MA) in one Statement to Yahoo Finance administration to address student debt crisis by canceling up to 50,000 student debt as it is vital to our economic recovery. “

The White House did not respond to requests for comment.

Biden endorsed the May 2020 plan to “Provide $ 10,000 Immediately in Debt Relief”.

The then candidate Biden called for student loans to be waived several times in 2020.

On March 22, days before Congress passed the $ 2.2 trillion Coronavirus Relief, Relief, and Economic Security Act (CARES), Biden tweeted that the federal government should “provide at least $ 10,000 per person in federal student loans “.

In May 2020, Biden told The Late Show with Stephen Colbert that he supported a proposal to “provide $ 10,000 debt relief immediately as a stimulus – now for students.”

In October 2020, Biden told the CNN City Hall questioner, “I’m going to make sure everyone in this generation gets $ 10,000 off their student debt if we try to escape this goddamn pandemic.”

The story goes on

The pitch was popular: two national polls from December 2020 showed that more than half of Americans across the political spectrum support student loan issuance.

“[Biden] made it very clear that he wanted to cancel at least $ 10,000 during the campaign, and he made the election promise in several places, both physically and in his campaign materials, “said Persis Yu, director of the National Consumer Law Center’s Student Loan Assistance Project. told Yahoo Finance, “It was a prominent part of his campaign promise, not one of those buried on page 45 of all the documents … and it was certainly one that student loan borrowers are eager to deliver on.”

U.S. Democratic presidential candidate and former Vice President Joe Biden speaks to supporters at a campaign rally on the night of the New Hampshire primary in Columbia, South Carolina, the United States, on February 11, 2020. (REUTERS / Randall Hill)

However, after winning the election, Biden’s tone changed.

In December 2020, President-elect Biden cast doubts on general student loan forgiveness when he told a meeting of news columnists that the Democrats’ argument to remove student debt through executive action was “quite questionable,” adding, “There i’m not sure. I probably wouldn’t do that. “

In February 2021, when a member of the audience at a CNN City Hall asked President Biden if he would be waiving $ 50,000 on student loans, Biden replied, “I won’t be able to do this.”

“It depends on whether or not you go to a private university or a public university,” Biden explained. “It depends on the idea that I tell a community, ‘I’m going to cancel the debt, the billions in debt for people who went to Harvard and Yale and Penn.'”

In May 2021, in an interview with the New York Times, Biden reiterated his reluctance to cancel debt: “The idea that you should go to Penn and pay a total of $ 70,000 a year and the public should pay for it? I do not agree.”

U.S. President Joe Biden speaks about voting rights at the National Constitution Center in Philadelphia, Pennsylvania, July 13, 2021. (Photo by SAUL LOEB / AFP)

“They believe they were promised”

The basic argument in favor of the President’s ability to cancel student debt through executive action, as the Legal Services Center at Harvard Law School pointed out in a letter to Senator Warren, is that the Secretary of Education has the power to “cancel existing student loans.” Debt under a separate legal authority – the power to modify existing loans under 20 USC § 1082 (a) (4). “

In March 2020, White House Chief of Staff Ron Klain told Politico that President Biden had asked Education Secretary Miguel Cardona to create a memo on whether the president has legal authority to ordinance $ 50,000 in student loan debt .

“Biden is overdue – student debt relief is overdue,” Thomas Gokey, organizer of the Debt Collective, an activist group, told Yahoo Finance. “The time for that was the first day of administration.”

The Department of Education has not responded to requests for comment on the memo, despite ED recently hiring Toby Merrill, who founded the Project on Predatory Student Lending at Harvard Law School and co-authored Warren’s legal analysis.

In any case, ED officials are now reportedly recommending that the White House extend the pandemic payment hiatus until at least January 2022.

Much is at stake: Experts, advocates, and prominent Democrats stressed that some degree of student loan forgiveness would be a crucial step before the pandemic’s payment hiatus ends.

“It would be wise to make this decision before payments resume,” said Yu, who works with many low-income borrowers. “There is no point in getting people to pay and then cancel their loans … [and] If we can clean some of the debt off the books, it could make it a lot easier to turn the system back on. “

Yu added that a large federal lending company pulling out of the loan program at the end of the year is a “recipe for disaster” as the government moves about 8.5 million borrowers to another service provider.

“Why send bills and notes to millions of people and then just turn around and say, ‘Just kidding, that’s not it’?” Seth Frotman, executive director of the Student Borrower Protection Center and former student loan ombudsman for the Consumer Financial Protection Bureau, told Yahoo Finance. “It [would] Cause confusion and disappointment among borrowers. “

Warren previously told Yahoo Finance that if the payment hiatus is lifted without a cancellation, “we will face a student loan time bomb that, if it explodes, could throw millions of families over a financial cliff.”

Warren and other Democrats also asked ED about student debt collection practices amid a possible wave of student loan defaults as the pandemic’s payment hiatus expires.

“People are very scared,” said Yu. “They believe they have been promised some debt relief. And for many of the people we work with, not having that burden would make a big difference in their lives.”

–

Aarthi is a reporter for Yahoo Finance. She can be reached at aarthi@yahoofinance.com. Follow her on Twitter @aarthiswami.

Continue reading:

Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn, YouTube and reddit.

source https://collegeeducationnewsllc.com/biden-promise-to-forgive-10000-in-debt-remains-unfulfilled/

[uchihamaggot]

Happy Happy Happy Birthday Corey Taylor #HappyBirthdayCoreyTaylor 🎂🍰🎈🎉🎊🎀🎁 #coreytaylor #coreytodtaylor #CMFT #Slipknot #vocalist #frotman #StoneSour #Maggot #Maggots #SlipknotFans #MaggotsForLife #Maggots4Life #Music #Metal #metalmusic #musicblog (at Konohagakure) https://www.instagram.com/p/CXOPb8wLBTm/?utm_medium=tumblr

[seedfinance]

Biden promise to forgive $10,000 in debt remains unfulfilled

Joe Biden’s 2020 presidential campaign website stated that a president would forgive Biden “at least $ 10,000 per person in federal student loans,” which would remove all student debt for 15 million of the nearly 45 million American borrowers.

Almost six months after his presidency, that promise remains unfulfilled.

A blurb from the Biden 2020 campaign website. (JoeBiden.com)

The Biden government has taken some targeted steps to cancel certain borrowers’ debt, and the pandemic suspension of federally sponsored debt payments will result in total student loan relief of around $ 100 billion between March 2020 and September 2021.

Prominent Democrats, meanwhile, continue to urge a skeptical President Biden to enact a large-scale cancellation of up to $ 50,000 through executive action (contrary to the laws passed by Congress).

“Many Americans voted for President Biden because he promised to provide direct aid to those in need – and now is the time to act,” said US Senator Elizabeth Warren (D-MA) in one Statement to Yahoo Finance. “I will be managing to tackle the student debt crisis by canceling up to 50,000 student debt as it is critical to our economic recovery.”

The White House did not respond to requests for comment.

Biden endorsed the May 2020 plan to “Provide $ 10,000 Immediately in Debt Relief”.

The then candidate Biden called for student loans to be waived several times in 2020.

On March 22, days before Congress passed the $ 2.2 trillion Coronavirus Relief, Relief, and Economic Security Act (CARES), Biden tweeted that the federal government should “provide at least $ 10,000 per person in federal student loans “.

In May 2020, Biden told The Late Show with Stephen Colbert that he supported a proposal to “provide $ 10,000 debt relief immediately as a stimulus – now for students.”

In October 2020, Biden told the CNN City Hall questioner, “I’m going to make sure everyone in this generation gets $ 10,000 off their student debt if we try to escape this goddamn pandemic.”

The story goes on

The pitch was popular: two national polls from December 2020 showed that more than half of Americans across the political spectrum support student loan issuance.

“[Biden] made it very clear that he wanted to cancel at least $ 10,000 during the campaign, and he made the election promise in several places, both physically and in his campaign materials, “said Persis Yu, director of the National Consumer Law Center’s Student Loan Assistance Project. told Yahoo Finance, “It was a prominent part of his campaign promise, not one of those buried on page 45 of all the documents … and it was certainly one that student loan borrowers are eager to deliver on.”

Democratic U.S. presidential candidate and former Vice President Joe Biden speaks to supporters at a campaign rally on the night of the New Hampshire primaries in Columbia, South Carolina, the United States, Feb. 11, 2020. (REUTERS / Randall Hill)

However, after winning the election, Biden’s tone changed.

In December 2020, President-elect Biden cast doubts on general student loan forgiveness when he told a meeting of news columnists that the Democrats’ argument to remove student debt through executive action was “quite questionable,” adding, “There i’m not sure. I probably wouldn’t do that. “

In February 2021, when a member of the audience at a CNN City Hall asked President Biden if he would be waiving $ 50,000 on student loans, Biden replied, “I won’t be able to do this.”

“It depends on whether or not you go to a private university or a public university,” Biden explained. “It depends on the idea that I tell a community, ‘I’m going to cancel the debt, the billions in debt for people who went to Harvard and Yale and Penn.'”

In May 2021, in an interview with the New York Times, Biden reiterated his reluctance to cancel debt: “The idea that you should go to Penn and pay a total of $ 70,000 a year and the public should pay for it? I do not agree.”

U.S. President Joe Biden speaks about voting rights at the National Constitution Center in Philadelphia, Pennsylvania, July 13, 2021. (Photo by SAUL LOEB / AFP)

“They believe they were promised”

The main argument for the president’s ability to cancel student debt through executive action, as the Legal Services Center at Harvard Law School pointed out in a letter to Senator Warren, is that the Secretary of Education has the power to “cancel existing student loans.” Debt under a separate legal authority – the power to modify existing loans under 20 USC § 1082 (a) (4). “

In March 2020, White House Chief of Staff Ron Klain told Politico that President Biden had asked Education Secretary Miguel Cardona to create a memo on whether the president has legal authority to ordinance $ 50,000 in student loan debt .

“Biden is overdue – student debt relief is overdue,” Thomas Gokey, organizer of the Debt Collective, an activist group, told Yahoo Finance. “The time for that was the first day of administration.”

The Department of Education has not responded to requests for comment on the memo, despite ED recently hiring Toby Merrill, who founded the Project on Predatory Student Lending at Harvard Law School and co-authored legal analysis to Warren.

In any case, ED officials are now reportedly recommending that the White House extend the pandemic payment hiatus until at least January 2022.

Much is at stake: Experts, advocates, and prominent Democrats stressed that some degree of student loan forgiveness would be a crucial step before the pandemic’s payment hiatus ends.

“It would be wise to make this decision before payments resume,” said Yu, who works with many low-income borrowers. “There is no point in getting people to pay and then cancel their loans … [and] If we can get some of the debt off the books, it could make turning the system back on a lot easier. “

Yu added that a large federal lending company pulling out of the loan program at the end of the year is a “recipe for disaster” as the government moves about 8.5 million borrowers to another service provider.

“Why send bills and notes to millions of people and then just turn around and say, ‘Just kidding, that’s not it’?” Seth Frotman, executive director of the Student Borrower Protection Center and former student loan ombudsman for the Consumer Financial Protection Bureau, told Yahoo Finance. “It [would] lead to mass confusion and disappointment among borrowers. “

Warren previously told Yahoo Finance that if the payment hiatus is lifted without a cancellation, “we will face a student loan time bomb that, if it explodes, could throw millions of families over a financial cliff.”

Warren and other Democrats also asked ED about student debt collection practices amid a possible wave of student loan defaults as the pandemic’s payment hiatus expires.

“People are very scared,” said Yu. “They believe they have been promised some debt relief. And for many of the people we work with, not having that burden would make a big difference in their lives.”

–

Aarthi is a reporter for Yahoo Finance. She can be reached at aarthi@yahoofinance.com. Follow her on Twitter @aarthiswami.

Continue reading:

Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn, YouTube and reddit.

source https://seedfinance.net/2021/07/15/biden-promise-to-forgive-10000-in-debt-remains-unfulfilled/

[metaleterno]

Iniciaba el año 2023 con una de las bandas más importantes del metal sinfónico a lo largo de la historia del metal, Therion desde Suecia llegaba con el "Leviathan Latinamerican Tour" de nuevo a Buenos Aires para brindar un excelente show que servía como promoción de su último disco "Leviathan". A las 20:40 pasaban a mi lado los músicos junto a un cordón de seguridad si " 'Christofer' 'Christian' 'Thomas' 'Chiara' 'Rosalia' " los míticos Therion ya a las 21 horas marcadas en el reloj y podíamos escuchar "O fortuna" así comenzaba este recital con un gran poder y magia que solo te puede transmitir esta leyenda viviente del género, alucinante el tema del disco "Sirius B" "The Blood of Kingu" uno de los tantos discos tan interesantes que ha logrado gestar "Christofer Johnsson" a lo largo de tantos años de carrera. Pudimos viajar en el tiempo recorriendo varios temas del brutal disco "Vovin" el más vendido hasta la fecha por la banda, de igual forma "Leviathan I" y "Leviathan II" fueron parte fundamental del set de la noche por cierto par de discos grabados en plena pandemia. Momento bastante emotivo en la noche "Christian Vidal" tomaba el micrófono para interactuar con el público con todos sus compatriotas arrancando aplausos y gritos. Muchos puntos altos en el show sobre todo el gran registro vocal de "Chiara y Rosalía" sin dejar atrás a Thomas un gran frotman. Un especial cierre de show con dos megas clásicos "The Rise of Sodom and Gomorrah" arrancando gritos al público para luego despachar otro clásico "To Mega Therion" y culminaban la noche con "Quetzalcoatl" un show increíble el que logramos disfrutar esa noche. Reseña: @aletorres1987 Material cortesía de nuestro equipo en BA. Setlist: O Fortuna The Blood of Kingu Birth of Venus Illegitima Litany of the Fallen Tuonela Ginnungagap Lemuria Abraxas An Arrow From the Sun Wine of Aluqah Cults of the Shadow Leviathan Asgård Pazuzu Codex Gigas Son of the Staves of Time Encore: The Rise of Sodom and Gomorrah To Mega Therion Encore2: Quetzalcoatl #therion #Icarusmusic #elteatrito #metaleternopresentes (en El Teatrito) https://www.instagram.com/p/Cn2Vd9GJ3Yo/?igshid=NGJjMDIxMWI=

[orbemnews]

Meet the Man Now at the Center of the Debate Over Student Debt Richard Cordray, a close ally of Senator Elizabeth Warren who served as the first director of the federal Consumer Financial Protection Bureau during the Obama years, has been selected as the new head of federal student aid in the Biden administration, a post that will put him at the center of the swirling debate over forgiving student debt. The issue is a tricky one for President Biden. Though he has endorsed canceling up to $10,000 per borrower through legislation, Mr. Biden has been pressured by some Democrats to forgive much more, and to sign an executive order making it happen if Congress fails to act. But with his new position within the federal Education Department, the primary lender for higher education, Mr. Cordray might be able to relieve the president of that burden by canceling student debt administratively. Democratic leaders are pushing for up to $50,000 in debt relief. Mr. Cordray is a former Ohio attorney general who worked alongside Ms. Warren on financial issues before her election to the Senate. He headed the consumer protection bureau from 2012 to 2017, leaving in the first year of the Trump administration to make a failed bid for governor of Ohio. Administration officials said that he and Ms. Warren maintain a close relationship, raising questions about how closely their views align on the question of canceling student debt. Ms. Warren has argued that it is a crushing burden for young people, and that relieving it would reduce economic inequality. Some critics say that forgiving student loans would disproportionately help the rich, who use them to pay for advanced degrees, rather than help the poor, who often are not college educated. In a statement after his appointment was announced on Monday, Mr. Cordray focused on student debt as an overriding concern, saying that he looked forward to working with leaders in the department, the Biden administration and Congress to “create more pathways for students to graduate and get ahead, not be burdened by insurmountable debt.” He did not indicate his position on whether some debt should be canceled, however. A spokeswoman for the Education Department, Rachel Thomas, said the agency is working with the Justice Department and the White House to review options on the issue. Republican critics tried to block Mr. Cordray’s appointment to the consumer financial protection bureau under Mr. Obama, and have complained that the bureau had too much power and saddled businesses with unnecessary regulations. But his new appointment as chief operating officer of federal student aid, made by the education secretary, Miguel Cardona, is effective Tuesday and needs no other approvals. In a statement announcing the appointment, Mr. Cardona said, it was “critical” that student loan borrowers could depend on the department “for help paying for college, support in repaying loans, and strong oversight of postsecondary institutions.” Mr. Cordray, a five-time “Jeopardy!” champion, has also been a vocal critic of for-profit colleges. “I hate how these hollowed-out businesses and subpar colleges are cheating consumers, employees and whole communities,” he wrote in a guest essay in The Plain Dealer, Ohio’s largest newspaper. Mr. Cordray succeeds Mark A. Brown, who was appointed as chief operating officer of federal student aid by President Donald J. Trump in March 2019 and resigned in March of this year. Mr. Brown became a target of consumer and labor groups, who cheered his resignation. Ms. Warren greeted Mr. Brown’s resignation with a tweet that said it was “good for student borrowers.” Consumer advocates were delighted by Mr. Cordray’s appointment. “This is an outstanding pick,” said Seth Frotman, a former student loan ombudsman at the consumer protection bureau who worked closely with Mr. Cordray. Mr. Frotman is now the executive director of the Student Borrower Protection Center, an advocacy group. “This is a very promising sign about a sea change in thinking at the Education Department,” Mr. Frotman said. Mr. Cordray made student loan oversight one of the consumer protection bureau’s priorities, and in early 2017 — two days before Mr. Trump took office — the agency sued Navient, one of the Education Department’s largest student loan servicers, for errors and omissions that Mr. Cordray said improperly added billions of dollars to borrowers’ tabs. The lawsuit is ongoing, and six state attorneys general have filed similar cases. The lawsuits describe routine mistakes and lapses in oversight that over time added up to systematic failures, eerily similar to the mortgage servicing industry’s bungling of borrower accounts and property foreclosures during the 2008 recession. Mr. Cordray has described the country’s soaring student loan debt — which eclipses all consumer debt other than mortgages — and the often slipshod way it is managed as a problem ripe for government intervention. “The domino effects of student debt burdens and loan servicing problems are holding back the upcoming generation and hampering the economy,” Mr. Cordray wrote in his 2020 book, “Watchdog.” The Education Department is the primary lender for Americans who borrow to pay for higher education. It directly owns loans made to nearly 43 million people, totaling $1.4 trillion. In one of the government’s most sweeping pandemic relief measures, the department in March 2020 allowed borrowers to stop making payments on their federal student loans, and temporarily set the loans’ interest rate to zero percent. That pause is scheduled to continue through September. Because of that freeze, fewer than 1 percent of borrowers with federal loans are currently making payments on then. Restarting loan collections will be one of the biggest challenges facing the Education Department this year. Mr. Cordray will inherit a plethora of other problems at the Education Department, including extensive errors and obstacles in the department’s Public Service Loan Forgiveness program, which is intended to forgive the debts of teachers, military members, nonprofit workers and others in public-service careers. The agency is also grappling with claims from hundreds of thousands of borrowers seeking relief through a program intended to eliminate the debts of people who were defrauded by schools that broke consumer protection laws. Susan C. Beachy contributed research. Source link Orbem News #Center #debate #Debt #Man #Meet #student

[correctsuccess]

What is Biden's plan on student loans »IN DEPTH: Trump’s vow to end payroll tax threatens Social SecurityCongress could really feel strain to behave earlier than the yr ends, coverage specialists mentioned, and it may embody an extension in a brand new stimulus package deal or different laws.“For tens of millions of debtors, the fallout from the pandemic continues to be raging,” mentioned Seth Frotman, government director of the Schol... #bidens #correct_success #debit #debt #how_to_get_out_of_debit #loans #plan #student

[asfeedin]

Betsy DeVos Took My Paycheck For Unpaid Student Loans During Coronavirus Emergency

Education Secretary Betsy DeVos (Photo by Mark Wilson/Getty Images)

Getty Images

A new class action lawsuit claims that U.S. Secretary of Education Betsy DeVos is illegally seizing paychecks from student loan borrowers during the Coronavirus pandemic.

Here’s what you need to know.

Student Loans: Debt Collection

The CARES Act – the $2.2 trillion stimulus package to provide financial support to Americans in the wake of the Coronavirus pandemic – provides several protections for federal student loan borrowers from March 13, 2020 through September 30, 2020. Among other benefits, this includes:

That last provision – no student loan debt collection on defaulted student loans – is at the center of this lawsuit, which was filed yesterday in federal court in the Washington, D.C. on behalf of student loan borrowers who claim their wages are being seized to pay their federal student loans. The Education Department has not yet responded to the lawsuit.

“The Trump Administration is taking money from borrowers who are living on the edge of poverty, in the middle of a pandemic, and in violation of the law. It’s completely outrageous,” Seth Frotman, executive direction of the Student Borrower Protection Center, said. “We will continue to do everything in our power to stop Betsy DeVos from further driving struggling borrowers into despair. This lawsuit shines light on how she has been operating a student debt collection machine that is accountable to no one��and it must be stopped.”

Student Loan Default: Wage Garnishment

Can the federal government garnish your wages if you default on your federal student loans? Yes. The federal government can lawfully withhold up to 15% of a borrower’s paycheck to collect on past-due student loan debt. The latest student loan debt statistics show that in 2018, for example, the U.S. Department of Education legally garnished $840 million through wage garnishment. Last month, the Education Department garnished wages of approximately 285,000 federal student loan borrowers.

What happens if your wages are garnished? Do you have any recourse?

If your wages were garnished for a federal student loan debt after March 13, 2020 (the effective date of the CARES Act), you are entitled to a refund of the amount garnished. This is because the CARES Act stops the federal government from garnishing your wages, tax refund or Social Security benefits, for example, to satisfy defaulted student loan debt. If your wages were garnished prior to March 13, 2020, unfortunately you cannot receive a refund.

After September 30, 2020, absent an extension of the CARES Act or replacement legislation, the U.S. Department of Education can lawfully resume wage garnishment for past-due federal student loan debt. Importantly, the CARES Act only applies to federal student loans, not private student loans. Private debt collectors can seize your stimulus check or wages, for example, if you have past-due private debt such as private student loans, credit card debt or medical debt. Governors from some states such as Oregon, Washington and Illinois have issued executive orders which prohibits private debt collectors from seizing stimulus checks.

Senator Cory Booker (D-NJ) and Rep. Ayanna Pressley (D-MA) and 40 members of Congress sent a letter to DeVos demanding that the Education Department stop any ongoing illegal garnishment of wages to collect federal student loan debt and to provide a clear timeline for when borrowers who have been impacted can receive a full refund.

Helpful Resources: Student Loans

Here’s everything that’s happened to your student loans in 2 weeks

How to pay your student loans during Coronavirus

How to get financial relief for your student loans during Coronavirus

How to get relief for your private student loans

Should you pay off student loans during COVID-19?

How to apply for unemployment

These companies are hiring despite Coronavirus

What you need to know about paid sick leave during Coronavirus

Do you qualify for paid sick leave?

How to contact your student loan servicer

5 ways to lower your student loan payments during Coronavirus

Student loan refinancing rates are incredibly cheap

Source link

Tags: Betsy, betsy devos, cancel student loans, CARES Act, college, consolidate student loans, coronavirus, debt, DeVos, Donald Trump, education, emergency, federal student aid, federal student loans, forgive student loans, garnishment, garnishment of wages, IBR, ICR, income based repayment, income-driven repayment, loans, Paycheck, PAYE, refinance student loans, REPAYE, Stimulus, Student, student loan consolidation, student loan debt, student loan debt collection, student loan forgiveness, student loan lawsuit, student loan refinance, student loan refinance calculator, student loan refinancing, student loan refinancing calculator, student loans, student loans lawsuit, Trump, unpaid

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[baeyungmin]

“Lawmakers’ failed response to the last financial meltdown led directly to our current student debt crisis,” former student loan ombudsman at the Consumer Financial Protection Bureau, Seth Frotman, said in a statement. “Today’s relief package shows how little we have learned in the past decade. Unless the Trump Administration and Congress take significant, comprehensive additional steps on behalf of the tens of millions of American families with student loans, the next wave of the student debt crisis will be even more devastating.“

[secret-rendezvous1d]

Alex turner is their frotman and vocalist of artic monkeys he was dating alexa Chung for a long time they still friends in thought you know him since you are British and they are British and big there haha

I’ve heard of the Arctic Monkeys! I just don’t follow them religiously as I do with One Direction. xx