debt
The Supreme Court has declined to block a $6 billion student loan debt settlement involving for-profit schools and vocational institutions accused of misconduct. According to NBC News, not-for-profit Everglades University, as well as the for-profit institutions Lincoln Educational Services Corp. and American National University, challenged the settlement, which was approved by U.S. District Judge William Alsup in November, claiming Education Secretary […]
Joe Biden’s student debt relief plan has hit a legal roadblock. According to CNN, a federal appeals court temporarily blocked the program on Friday, as it reviews a challenge brought by six GOP-led states. More than a month after Biden announced the plan, Nebraska, Missouri, Arkansas, Iowa, Kansas, and South Carolina filed a lawsuit that claimed Biden […]
The Biden administration on Friday launched a beta version of its student loan forgiveness application process, allowing borrowers to sign up online before the official website is unveiled later this month. The application, which is available here, is the first step in Biden’s program to cancel student debt for tens of millions of Americans. “This testing […]
Several Republican states are taking legal action in response to the Biden administration’s recent announcement of a student loan debt relief plan. As reported in August, Biden announced that $10,000 in outstanding federal student loans (plus another $10,000 for those who qualified for Pell Grants) would be forgiven for those who make less than $125,000 […]
The world’s second-largest theater chain is apparently headed toward bankruptcy. According to the Wall Street Journal, Regal Cinemas owner Cineworld Group is preparing to file for chapter 11 bankruptcy in the United States and insolvency in the United Kingdom. “People familiar with the matter” say the London-based exhibitor has struggled to recover losses from the pandemic, […]
Pharrell just changed five lives. The multi-hyphenate and his Something In the Water Festival have canceled the student debt of five young Black leaders. The generous move was announced Friday at the St. Regis hotel in Washington, D.C., where the NAACP was hosting a panel on the Black student debt crisis. The event was organized by Wisdom Cole, the organization’s […]
Thousands of people will soon be free of student loan debt. On Wednesday, the U.S. Education Department announced it had identified an additional 30,000 borrowers who are now eligible for Public Service Loan Forgiveness—a program that forgives student debt for various public servants who make 10 years of monthly payments. PSLF was created about 15 […]
YK Osiris took to Instagram on Thursday to announce he was finally out of debt, but it seems his celebration was premature. The Jacksonville native made the declaration by participating in the now-viral Money Challenge. The post shows Osiris sitting on the floor next to stacks of $100 bills spelling out “debt free.” His caption read “you N***as […]
YK Osiris can add French Montana to the growing list of rappers to whom he owes money. In a video posted to his Instagram Stories early Monday, French jokingly pulled up on YK while at the club, demanding he pay up $5,000. “I found my n***a,” French said. “He owe me some money. He don’t wanna […]
Progressive members of the Democratic Party think that further action needs to be taken regarding student debt, especially as the 2022 midterms are looming. They feel that it could, in fact, cost the Democrats to lose voters and seats if the Biden administration doesn’t make good on canceling student loan debt. Progressive Democrats expressed their […]
