An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Trump's Student Loan Order Leaves Borrowers Confused
Remember that Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provided for similar relief for student loan borrowers, but that expires on September 30, 2020, unless Congress acts to extend it. ...
Furthermore, even his own memorandum doesn’t go as far as the CARES Act did - clearly omitting relief for defaulted loans and collections, and ignoring the Public Service Loan Forgiveness implications of continued deferments.
“ In response to the coronavirus pandemic, the Trump administration has enacted a temporary freeze on federal student loan repayment and interest charges through the end of the year, a move also supported by the Democrats.
Prior to that, the administration — including its leadership at the Department of Education, headed by Secretary of Education Betsy DeVos — had proposed various changes to student loan repayment and forgiveness, although most of these failed to pass Congress.”
When you have a long term sick mother and a sociopath father you don't get much "social justice" as a kid therefore you don't learn much about how to provide it to others.
Matt takes a brief break from his chess tutorial study to enlighten with the following [snicker]:
"Prior to that, the administration — including its leadership at the Department of Education, headed by Secretary of Education Betsy DeVos — had proposed various changes to student loan repayment and forgiveness, although most of these failed to pass Congress.”
Why did it fail to pass Congress?
Republicans Block Student Loan Forgiveness Bill
The bill, House Joint Resolution 76, was sponsored by Representative Susie Lee (D-NV) and would’ve overturned a new rule from Education Secretary DeVos on student loan forgiveness. The new DeVos rule—known as borrower defense—would change the standard for students seeking forgiveness under the claim that they were defrauded by their college or university.
After delaying a rule from the Obama administration, Secretary DeVos wrote her own rule that created a nearly impossible burden of proof for student borrowers. Under the Obama rule, a student just needed to show a substantial misrepresentation by the school to receive relief.
What do you expect? Shithole country.
ReplyDelete(Though I am embarrassingly partial to the beautiful state of Virginia)
https://www.whitehouse.gov/presidential-actions/memorandum-continued-student-loan-payment-relief-covid-19-pandemic/
ReplyDeleteCheckmate morons...
This comment has been removed by the author.
ReplyDelete"Checkmate morons..."
ReplyDeleteTrump's Student Loan Order Leaves Borrowers Confused
Remember that Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provided for similar relief for student loan borrowers, but that expires on September 30, 2020, unless Congress acts to extend it.
...
Furthermore, even his own memorandum doesn’t go as far as the CARES Act did - clearly omitting relief for defaulted loans and collections, and ignoring the Public Service Loan Forgiveness implications of continued deferments.
https://www.forbes.com/sites/robertfarrington/2020/08/13/trumps-student-loan-order-leaves-borrowers-confused/#57a854f716a9
Hey, let's see what's trending...
#morons-for-Trump
(deleted original post to fix link)
Dems in Congress won’t extend it...
ReplyDeleteHe’s not the dictator of the US in spite of you leftists deranged fantasies that say otherwise...
“ In response to the coronavirus pandemic, the Trump administration has enacted a temporary freeze on federal student loan repayment and interest charges through the end of the year, a move also supported by the Democrats.
ReplyDeletePrior to that, the administration — including its leadership at the Department of Education, headed by Secretary of Education Betsy DeVos — had proposed various changes to student loan repayment and forgiveness, although most of these failed to pass Congress.”
When you have a long term sick mother and a sociopath father you don't get much "social justice" as a kid therefore you don't learn much about how to provide it to others.
ReplyDeletehttps://www.naturalchild.org/articles/alice_miller/adolf_hitler.html
Matt takes a brief break from his chess tutorial study to enlighten with the following [snicker]:
ReplyDelete"Prior to that, the administration — including its leadership at the Department of Education, headed by Secretary of Education Betsy DeVos — had proposed various changes to student loan repayment and forgiveness, although most of these failed to pass Congress.”
Why did it fail to pass Congress?
Republicans Block Student Loan Forgiveness Bill
The bill, House Joint Resolution 76, was sponsored by Representative Susie Lee (D-NV) and would’ve overturned a new rule from Education Secretary DeVos on student loan forgiveness. The new DeVos rule—known as borrower defense—would change the standard for students seeking forgiveness under the claim that they were defrauded by their college or university.
After delaying a rule from the Obama administration, Secretary DeVos wrote her own rule that created a nearly impossible burden of proof for student borrowers. Under the Obama rule, a student just needed to show a substantial misrepresentation by the school to receive relief.
https://www.forbes.com/sites/wesleywhistle/2020/06/26/house-fails-to-override-trumps-loan-forgiveness-veto/#77e3e892b0bd
Matt, you have this uncanny ability to, how can I put it mildly... stepping right into the poop... metaphorically speaking of course :(
Trending:
#morons-for-Trump
#stepping-into-poop
Compound interest is a force of nature.
ReplyDelete