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dontmeantobepoliticalbut · 11 months

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In October, tens of millions of borrowers will be required to pay their monthly federal student loan bills for the first time since March 2020, the Department of Education clarified Monday.

The pandemic-related pause on both payments and interest accumulation has been set to end later this summer, though the exact date payments would be due was a little fuzzy.

The Biden administration had previously said that the pause would end either 60 days after June 30 or 60 days after the Supreme Court rules on the separate student loan forgiveness program – whichever comes first.

A law passed in early June to address the debt ceiling officially prevented the pandemic-related pause from being extended again. The repayment date has been extended a total of eight times under both the Biden and Trump administrations.

“Student loan interest will resume starting on September 1, 2023, and payments will be due starting in October. We will notify borrowers well before payments restart,” the Department of Education said in a statement sent to CNN Monday.

The update was first reported by Politico.

Borrowers typically receive their bill statements from their loan servicer a few weeks before they are due. Not every borrower’s bill is due at the same time of the month.

The Department of Education has said that it will be in direct communication with borrowers and ramp up its communication with student loan servicers before repayment resumes.

Student loan experts recommend that borrowers reach out to their student loan servicer with any questions about their loans as soon as possible, especially if they are interested in enrolling in an income-driven repayment plan. Those plans, which set payments based on income and family size, can lower monthly payments but require borrowers to submit some paperwork.

Federal student loan borrowers can check the Federal Student Aid website for updates on resuming payments.

SOME BORROWERS COULD BE AT RISK OF DEFAULT

Some borrowers may struggle to resume paying their monthly student loan bills.

More student loan borrowers are currently behind on other kinds of bills than they were before the COVID-19 pandemic, according to a recent study by the Consumer Financial Protection Bureau.

The report also said that about 1 in 5 student loan borrowers have risk factors that suggest they could struggle when scheduled payments resume, like being delinquent on student loan payments before the pandemic or having multiple student loan servicers.

When payments restart, many people might be confused about how much they owe, when to pay and how. Millions of borrowers will have a different servicer handling their student loans since the last time they made a payment.

Originally, the pause on federal student loan payments was put in place to help borrowers struggling financially due to the pandemic.

From a jobs perspective, the economy has largely recovered from the pandemic-related disruptions. In May, 3.7 million more people were working than in February 2020.

But there are some soft spots. Major layoffs have recently been announced at big companies like Disney and Amazon. Earlier this year, a regional banking crisis was set off by the collapse of Silicon Valley Bank, the largest bank to fail since the 2008 financial crisis. And inflation remains high but is cooling after reaching a 40-year peak last year.

STUDENT LOAN FORGIVENESS STILL ON THE TABLE

Meanwhile, all eyes are on the Supreme Court as borrowers wait to see if the Biden administration will be allowed to move forward with its student loan forgiveness program. A decision is expected in late June or early July.

Under the proposal, individual borrowers who made less than $125,000 in either 2020 or 2021 and married couples or heads of households who made less than $250,000 a year could see up to $10,000 of their federal student loan debt forgiven.

If a qualifying borrower also received a federal Pell grant while enrolled in college, the individual is eligible for up to $20,000 of debt forgiveness.

But several lawsuits argue that the Biden administration is abusing its power and using the pandemic as a pretext for fulfilling the president’s campaign pledge to cancel student debt.

No debt has been canceled yet. But if the Supreme Court allows the program to take effect, it’s possible the government moves quickly to forgive the debts of 16 million borrowers who the administration already approved for relief.

If the Justices strike down Biden’s student loan forgiveness program, it could be possible for the administration to make some modifications to the policy and try again – though that process could take months.

#us politics #news #cnn politics #president joe biden #biden administration #student loan forgiveness #cancel student loans #federal student loans #student debt forgiveness #student loan debt #us supreme court #scotus #2023 #Department of Education #politico #Consumer Financial Protection Bureau

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mysharona1987 · 2 years

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#Republicans #cnn #joe biden #joe biden speech #democrats #donald trump #politics #maga #cnn politics #quotes #quotations

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anitaradix · 7 months

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One of the most sophisticated jets in the world is still missing as officials believe the F-35 was left in a “zombie state” after the pilot was forced to eject.

Here is what we know:

- 2 fighter jets were flying side by side when the incident took place.

- For unknown reasons the jet’s transponder isn’t working.

- The incident took place over North Charleston.

- The jet’s range is 1200 miles however it’s not known how much fuel was in the jet at the time of ejection.

- The search for the jet is now focused on Lake Moultrie which is about 50 miles from North Charleston.

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disillusioned-diaries · 10 months

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As Free as the United States is, our Foreign Interactions Suck (Specifically, US involvement in Ukraine Russia War)

If Ukraine joins NATO before the war with Russia is resolved, WW3 between the US, NATO countries, and Russia appears to be inevitable.

In the scenario in which this happens, I am leaving this country (the United States) for a country that is neutral and/or against the shit the United States pulls on the rest of the world.

I will not serve as collateral damage for whatever insanity our corrupt and demented leaders try and put us through

I want to have nothing to do with this shit.

I'm an American and I literally hate the fact that we are being emotionally and financially coerced by Ukraine to give them more and more of our hard-earned money to continue a war that does not benefit the American people, and a fight that neither Ukraine nor the United States HAS NO EXIT PLAN for.

I am starting to side with Russia in a certain way.

The United States is trying to impose their will on Russia by 1. Trying to turn a country that borders Russia into a NATO country, and 2. Portraying Russia as an unjustified aggressor.

Honestly, I hate the tragedy of war, but it just seems to be an inevitable part of life, in that, for example, if you see that your country is getting pushed around by the United States, a global superpower, you are of course going to want to push back.

The strength a country shows, and the respect they receive for that acknowledgement of their strength is the key to peace.

The United States does not respect the strength and political autonomy of Russia and many other countries.

As much as I appreciate the freedoms and opportunities I have in the United States, I am not proud of the foreign interactions the US has had with other countries.

The United States is always trying to convince foreign countries that our way of life is going to "elevate" their society, notably, in 2014 when Obama tried to convince Uganda that they shouldn't pass an anti-homosexuality bill (1).

I'm sorry, but does our society look like its thriving with gay and bisexual men representing over half of all AIDS and HIV victims(2) ?

We also have about about forty to fifty percent divorce rate amongst the general population(3), and sixty seven percent of black children being born into single parent homes(4), so tell me United States, who claims to be so anti-racist and accepting, why are you trying to ruin black-African societies?

I am in no way saying that African, or any foreign countries are perfect, or lacking problems of their own, but their problems are exactly that, their own!

Why does the western world feel the need to try and "fix" other's problems!

Especially with the inflation that the people of the United States are experiencing, apparently now is the time to devote our time, money and resources into other countries problems with governments that are, at the very least not free of political corruption.

https://www.pbs.org/newshour/world/obama-issues-warning-uganda-anti-gay-legislation

2. https://www.cdc.gov/nchhstp/newsroom/fact-sheets/hiv/HIV-gay-bisexual-men.html

3. https://www.forbes.com/advisor/legal/divorce/divorce-statistics/

4. https://afro.com/census-bureau-higher-percentage-black-children-live-single-mothers/

*Bonus Content*

On a sort of related note, here is a savage video of the Uganda president unashamedly declaring his opinion about homosexuals. This man appears to be more honest than most US politicians.

youtube

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ourbeautifulearth · 7 months

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From the river to the sea. Palestine will be free

Stop stealing the land. Stop the Zionist propaganda.

#current events #justice for palestine #free palestine #palestine #palestine is a country #i stand with palestine #save palestine #american jews #freedoom #newyork #falasteen #jewsforpalestine #cnn politics #nbc news #ali velshi #anderson cooper

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time4hemp · 11 months

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youtube

#cnn politics #cnn #trump 2024 #Youtube

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totallyhussein-blog · 11 months

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Action is needed to save people, animals and the planet

Countless animals in Ukraine are still left stranded and in desperate need of aid due to the severe flooding disaster ensuing from the Kakhovka dam being blown up.

In the grips of this disaster zone, thousands of homes remain underwater, and there are fears of infectious, water-borne diseases spreading. As Network for Animals have stated; “We must continue our rescue efforts!”

As St. Francis Of Assisi said, “If you have men who will exclude any of God's creatures from the shelter of compassion and pity, you will have men who will deal likewise with their fellow men.”

The collapse of the Nova Kakhovka dam in southern Ukraine is one of the biggest industrial and ecological disasters in Europe for decades. As CNN reported:

The catastrophe has destroyed entire villages, flooded farmland, deprived tens of thousands of people of power and clean water, and caused massive environmental damage.

The damage is also affecting the area north of the reservoir, where water levels are falling.

The collapse has left 94% of irrigation systems in Kherson, 74% in Zaporizhzhia and 30% in Dnipro regions “without a source of water,” according to the Ukrainian Agricultural Ministry.

The Zaporizhzhia nuclear power plant also lies upstream from the destroyed dam. The reservoir supplies cooling water to the plant, Europe’s largest nuclear power station, and is crucial for its safety.

The plant is under Russian control, which has been a major source of anxiety for the Ukrainians, still scared by the 1986 Chernobyl nuclear disaster, which still casts its long shadow across Eastern Europe and the rest of the world.

As the BBC reported in 2019, the events at Chernobyl were covered up by the secretive Soviet authorities at the time but the true number of deaths and illnesses caused by the nuclear accident are only now becoming clear.

The BBC also reported back in February 2023, how in June 2022, satellite images captured hundreds of craters made by artillery shells and a 40m-wide (131 ft) hole left by a bomb in fields around the village of Dovhenke, in eastern Ukraine.

It is just one site left scarred by Russia's invasion of its neighbour. And as the war continues to wreak a devastating humanitarian toll on the people caught up in the fighting, the conflict is leaving a far less obvious, toxic legacy on the land itself.

Amongst the pockmarked landscape and burned-out buildings of Dovhenke, heavy metals, fuel and chemical residues from ammunition and missiles have seeped into the soil.

The Ukrainian government has asked the United Nations Environment Programme (UNEP) to help it assess the environmental damage being done by the conflict.

Preliminary monitoring by the agency and its partners suggest that urban and rural landscapes could be left with a "toxic legacy for generations to come".

#ukraine #bbc #bbc news - world #cnn politics #cnn #environment #world environment day #environmetalists #peta #animal welfare #animal rights #human rights #europe #european history #eastern europe #united nations #manchester #uk news #hussein al-alak

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trustpast · 1 year

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#cnn politics #washington #sky news #reuters #fox news #wall streeet journal

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thefuzzyboolean · 1 year

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Bruce Wayne and The Batman: A Presidential Dream Team for 2024

It was an unprecedented announcement when Bruce Wayne and The Batman announced their intention to run for President in 2024. It was a move that the public had never seen before; a billionaire playboy with a masked vigilante as his running mate. The implications of this bold move were huge; could they really be the saviors of our ailing nation?

The first question that came up was, how could this even work? After all, no one had ever seen Bruce Wayne and The Batman in the same room. It was widely believed that Bruce Wayne was the secret identity of The Batman, but no one had ever been able to confirm that. However, Bruce Wayne and The Batman had a plan to make this work.

Bruce Wayne would serve as the public face of the campaign, while The Batman would remain in the shadows, acting as a silent partner. The two would work together to tackle the country’s most pressing issues: crime, corruption, and economic inequality.

The public was enthralled by the idea of Bruce Wayne and The Batman as a team. They were two of the most recognizable figures in the world, and the idea of them joining forces to fight for justice was too tantalizing to pass up.

#batman #batfam #bruce wayne #the onion #news #breaking news #dc comics #cnn politics #politics #president #joe biden #trump #donald trump #barack obama #funny #satire #fuzzy #boolean #fuzzyboolean

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anniesmityhh · 1 year

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Good day how is the weather 😂😂

#celebs #carwreckers #truckdriver #online poker #cnn politics #entertainment #australien #australia #boombox #boomplay #golfr

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egnaroo · 2 years

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President Biden Confess "American Democracy facing its biggest threat", here are key points of his 2022 primetime speech.

President Biden Confess “American Democracy facing its biggest threat”, here are key points of his 2022 primetime speech.

With a background of a red-blue mixed dark theme, President Biden delivered his mid-term target campaign speech. From the political scoop, the staging was showcasing the President’s power some analysts say. With the fully-lit independent hall where the declaration of independence was signed as the backdrop and a marine band playing a patriotic tune off to one side, President Biden and first lady…

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dontmeantobepoliticalbut · 9 months

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The Biden administration is launching a beta website for its new income-driven student loan repayment plan today, officials told CNN, allowing borrowers to begin submitting applications for the program as federal student loan payments are set to resume in October.

The SAVE, or Saving on a Valuable Education, plan was finalized after the Supreme Court struck down President Joe Biden’s student debt forgiveness initiative in June. It marks a significant change to the federal student loan system that could lower monthly loan payments for some borrowers and reduce the amount they pay back over the lifetime of their loans.

“Part of the President’s overall commitment is to improve the student loan system and reduce the burden of student loan debt on American families,” a senior administration official said, previewing the beta website first to CNN. “The SAVE plan is a big part of that. It is important in this moment as borrowers are getting ready to return to repayment.”

Federal student loan borrowers can access the beta website at https://studentaid.gov/idr/. The enrollment process is estimated to take 10 minutes, and many sections can be automatically populated with information the government has on hand, including tax returns from the IRS, administration officials said.

Borrowers will only need to apply one time, not yearly as past systems require, which officials said would make this plan “much easier to use.” Users will receive a confirmation email once the application is submitted, and the approval process, which can be tracked online, is expected to take a few weeks.

Those already enrolled in the federal government’s REPAYE, or Revised Pay As You Earn, income-driven repayment plan will be automatically switched to the new plan.

The full website launch will occur in August, and applications submitted during the beta period will not need to be resubmitted. The beta period will allow the Department of Education to monitor site performance in real time to identify any issues, and the site may be paused to make any necessary updates, officials said.

The SAVE plan, which applies to current and future federal student loan borrowers, will determine payments based on income and family size, and some monthly payments will be as small as $0. The income threshold to qualify for $0 payments has been increased from 150% to 225% of federal poverty guidelines, which translates to an annual income of $32,805 for a single borrower or $67,500 for a family of four. The Education Department estimates this means more than 1 million additional borrowers will qualify for $0 payments under the plan.

Some borrowers could have their payments cut in half when the program is in full effect next year and see their remaining debt canceled after making at least 10 years of payments, a significant change from previous plans.

With the new plan, unpaid interest will not accrue if a borrower makes their full monthly payments.

But the new plan does come at a cost to the federal government. Estimates of the program’s expense have varied depending on how many borrowers sign up for the new plan, but they range from $138 billion to $361 billion over 10 years. By comparison, Biden’s student loan forgiveness program was expected to cost about $400 billion.

The Education Department has created similar income-driven repayment plans in the past and has not faced a successful legal challenge, officials noted.

The beta site launch comes as borrowers will need to begin making federal student loan payments again in October after a pause of more than three years because of the pandemic.

Since the Supreme Court struck down Biden’s effort to cancel up to $20,000 of student debt for millions of borrowers, the administration has taken a number of steps aimed at helping federal student loan borrowers in other ways.

Earlier this month, the Education Department announced that 804,000 borrowers will have their student debt wiped away – about $39 billion worth of debt – after fixes that more accurately count qualified monthly payments under existing income-driven repayment plans.

#us politics #news #cnn politics #cnn #president joe biden #biden administration #student loan forgiveness #cancel student loans #student debt forgiveness #student loan debt #Saving on a Valuable Education #federal student loans #Revised Pay As You Earn #Department of Education #us supreme court #scotus #debt forgiveness #2023

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mysharona1987 · 2 years

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#News #local news #democrats #republicans #politics #donald trump #books #poc #cnn #cnn politics

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janebdean-blog · 6 months

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“Cohen once said he'd "take a bullet" for Trump, but turned against him after pleading guilty to federal crimes in 2018. Quickly he became one of Trump's chief antagonists even as he prepared to go to prison, testifying against him before Congress and writing books critical of the former president.”

But … isn’t that just what he IS doing? He seems to be making it all HIS fault. 🤔

#Michael Cohen #Trump #court #CNN Politics #Apple News #faceoff

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aya01zr · 6 months

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Share the truth!! It’s not about being Jew or Muslim, it is about humanity

The current situation in Palestine is one that defies the principles of any rational human being, international law, ethical standards, and any religion. What Hamas has done can be seen as a reaction to years of accumulated injustice, a response to the provocations of the Zionist entity, and a defense of the sentiments and sanctities of the Palestinian people. It is widely acknowledged that Israel, with the Balfour Declaration, was granted land that was not rightfully hers. Fabricated tales and myths were concocted to justify this. While Israel may be a weak state on its own, it has received support from Britain and America. The truth is evident: justice lies with the oppressed people of Palestine. Let us, therefore, be advocates for truth, even if it's just through a word on social media. May we all pray for the safety of Palestine.

News #YouTube #Freedom #UNESCO #UNICEF #Truth #thetruth #Humanity #Human #Free #Russian #theWorld #World #International #Children #Women #elderly #person #babies #Childhood #Muslim #Arab #celebrities #democrats

‎#USA #German #Rusia #China ‎#Japan #uk ‎#America

africa #asia #australia #Europe #latinAmerica #Middleeast #US #Canada #politics #culture

Asia-Pacific #SouthAsia

CNN #BBC #REUTERS #USAToday #FoxNews #Reuters #humanrightswatch #humanitariancrisis #respectforall #humanitychallenge #respiratoryhealth #RespectHumanity #respectful

Actualités #facebook #instagram #twitter #tiktok #tumblr #socialmedia

#news #history #politics #tv shows #writing #social media #cnn news #cnn politics #unicef

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astoriachef · 8 months

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#donald trump #cnn #cnn politics #the liberal media #2024 elections #horserace elections are ratings gold

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