loans
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 […]
In the 24 hours since President Joe Biden announced a plan to forgive $10,000 in student loan debt for those earning less than $125,000 a year, a number of conservative legislators have spoken out against the initiative. In an appearance on Newsmax TV, Georgia Rep. Marjorie Taylor Greene said it was “completely unfair” for the government to say that a […]
A Black couple is taking legal action after their home appraisal increased nearly $300,000 because of race. According to the New York Times, Nathan Connolly and Shani Mott filed the housing discrimination lawsuit in Maryland District Court on Monday—about a year after they applied to refinance their mortgage with loanDepot. Connolly, a professor at John Hopkins University, says he and his […]
Travis Scott has announced $1 million in scholarships for 100 students graduating from HBCUs in 2022. The cash comes from Scott’s Cactus Jack Foundation and the Waymon Webster Scholarship Fund, which is giving $10,000 scholarships to Black seniors facing financial adversity. This is Scott’s second year offering the award, which will be distributed among students at 38 different schools. “Excellence […]
A week after announcing he’ll be turning himself in following charges relating to a COVID-19 loan scheme, Pretty Ricky’s Baby Blue decided to spend his final night as a free man with those in his circle. A new instagram post shared by the Florida rapper—whose real name is Diamond Smith— depicts what he’s calling the “Last […]
Navient has settled a lawsuit with 39 states, alleging that the student loan company was acting in a predatory manner when giving loans to borrowers who were accumulating billions in debt—an absurd amount that they likely could never pay back. Per the New York Times, Navient’s $1.85 billion deal means the company has to pay $95 million […]
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 […]
A man in Florida is accused of fraudulently obtaining millions of dollars through the Paycheck Protection Program, and using that money to buy a Lamborghini, in addition to other luxury items and designer clothing. The U.S. Department of Justice said Valesky Barosy, 27, sought more than $4.2 million in PPP loans by submitting an application […]
Unlike the beloved Joe Byron, who the whole internet was going to give a big-ole kiss just a few weeks back, the actual U.S. President Joe Biden isn’t seeing much love on Twitter. And he will apparently not be doing any executive order magic to wipe student loan debt as many had hoped. As announced by press […]
U.S. debt collectors have a new tool at their disposal: social media. Under financial regulations that went into effect Tuesday, debt collection agencies can now contact people via text or direct messages on social media. The rule was added to the Fair Debt Collection Practices Act, a 44-year-old piece of legislation that controls how debt collectors can […]
