Bailout for student loans

Share to Twitter Share to Linkedin Student loan forgiveness continues to evolve as a combination of legal and policy changes impact debt relief eligibility and timelines under several Biden administration programs. Here are three important updates that borrowers should be aware of. Supreme Court to Hear Arguments on Biden’s Student Loan Forgiveness Plan This Month President Biden unveiled a massive, one-time student loan forgiveness initiative last fall. Under the plan, up to 40 million borrowers could be eligible for $10,000 or $20,000 in student loan debt relief. Millions of borrowers were approved for student loan forgiveness across all 50 states . But shortly after the application portal went live, the program was inundated with legal challenges, and two federal courts ended up blocking relief. Now, the Supreme Court has agreed to consider appeals from the Biden administration. Last week, the challengers filed legal briefs with the court … [Read more...] about 3 Student Loan Forgiveness Updates For 3 Critical Initiatives

One of the most underreported stories today is the aggressive attack on private college education and efforts to limit education choice for students and their families. The administration and Education Secretary Betsy DeVos are diligently working to reverse or end regulations that were specifically imposed to put many private colleges and universities out of business. Secretary DeVos is dismantling many of these harmful rules with the goal of giving women, minorities, veterans, and non-traditional students an opportunity for a college education and meaningful employment. Regulations implemented under President Obama and advocated by education elitists increased education costs and decreased options for career-focused higher education. The “Gainful Employment” rule tops the list of bad regulations that should end. Gainful Employment arbitrarily defines how much debt a student can incur based on a chosen degree. If a student graduates with a degree in culinary arts or cosmetology … [Read more...] about Reforming Higher Ed Regulations Benefits Everyone

Share to Twitter Share to Linkedin My grandmother Estelle Craig was a remarkable woman. She was a journalist in the 1940s; a letter to her from J. Edgar Hoover hangs on my office wall. In the 1950s she founded a travel business – World Adventure Tours – that marketed tours via celebrity talks on exotic locales; a signed photo of Sir Edmund Hillary hangs right above J. Edgar. When the Duke of Bedford came to town – presumably to sell tours of Bedford and environs – she got media attention by starting a rumor that he was planning to buy Toronto’s only castle . She loved travel, hobnobbing, and making trouble, in that order. She was also generous. Before she passed away at the age of 103, my kids would send her thank you cards for birthday gifts. Even at that remarkable age she was as sharp as a tack, but had trouble seeing and hearing. My son Leo liked to type his on an electric typewriter, leading to this exchange: Leo: Dad, should I type her thank you … [Read more...] about When The College Of Last Resort Is A Resort

Share to Twitter Share to Linkedin Topline Identity management company Okta announced plans on Thursday to lay off roughly 300 employees, one day after FedEx, DraftKings, cloud data company NetApp and automaker Rivian all announced major rounds of layoffs—the latest U.S. companies to implement job cuts as recession fears continue into 2023. Timeline February 2 Okta CEO Todd McKinnon unveiled plans to reduce the tech company’s workforce by 5% (roughly 300 positions) in a Securities and Exchange Commission filing on Thursday, citing a period of over-hiring over the past several years that did not account for the “macroeconomic reality we’re in today.” February 1 NetApp , a San Jose, California-based cloud data company, announced plans in an SEC filing to lay off 8% of its staff ( estimated to affect 960 employees) by the end of the fourth fiscal quarter of 2023 “in light of the macroeconomic challenges and reduced spending environment.” … [Read more...] about 2023 Layoffs: Okta Slashes 300 Jobs As DraftKings, FedEx Cut Staff

Share to Twitter Share to Linkedin “In the beginner's mind there are many possibilities, in the expert's mind there are few,” writes Shunryu Suzuki in Zen Mind, Beginner’s Mind . This idea is anathema to most politicians, for whom the very idea that a 28-year-old woman from a minority with no political experience could beat out a well-funded, high-ranking politician with legitimate aspirations to become Speaker of the House was outrageous. Until this past Tuesday, that is. Alexandria Ocasio-Cortez beat out the Democratic incumbent Joseph Crowley in a defeat few saw coming. As the 28-year-old challenger who was outspent 18-1, she enjoyed a crushing victory over the long-time incumbent who was twice her age, with 57% of the vote. In a sense, age was also a real protagonist in this election. Ocasio-Cortez demonstrated that age does not have to define — or limit rather — what you can accomplish. Alexandria Ocasio-Cortez, the winner of a … [Read more...] about A Beginner’s Mind: Ocasio-Cortez’s Key To Cracking A Political Victory

by Expat Life Newly elected President of the Thailand Hotels Association and Vice President of Sukosol Hotels, Marisa Sukosol, was asked what her thoughts were about the Thailand Together government travel stimulus campaign. Although close to 5 million people have registered, only 600,000 hotel rooms have been booked at this stage, well below initial estimates. “The project would have more bookings if it allowed expats to utilise the privilege as well. There are up to 500,000 expat residents in Thailand. More bookings will benefit the hotels naturally. Instead of travelling abroad or to neighbouring destinations, Thailand has a host of second-tier destinations that can offer a variety of unique experiences”. “There are also certain conditions in the Thailand Together campaign that can be changed such as 3 days advance booking rules. Domestic and even short-haul travellers book at the very last-minute.” Related news All aboard the sushi terror … [Read more...] about Expats should be able to share in the government’s tourism incentive programs