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Newsweek.com

Millions of People May Get Student Debt Canceled After Company Moves Loans

Millions of People May Get Student Debt Canceled After Company Move...

April 19, 2024

Millions of Americans could potentially get their student debt canceled after Massachusetts Senator Elizabeth Warren called on Navient to cancel "decades-old predatory private student loans" under a Federal Trade Commission (FTC) protection law. Navient said this year it would move its private and commercial loans in the Federal Family Education loan program to MOHELA, a major federal student loan servicer. That means 2.7 million borrowers will see their loans move to a new servicer, and some Democratic members of Congress are hoping that a significant chunk of those get wiped out.
Millions of Americans could potentially get their student debt canceled after Massachusetts Senator Elizabeth Warren called on Navient to cancel "decades-old predatory private student loans" under a Federal Trade Commission (FTC) protection law. Navient said this year it would move its private and commercial loans in the Federal Family Education loan program to MOHELA, a major federal student loan servicer. That means 2.7 million borrowers will see their loans move to a new servicer, and some Democratic members of Congress are hoping that a significant chunk of those get wiped out.

April 19, 2024

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The Wall Street Journal

The Quiet Student Loan Forgiveness Scam - Editorial

The Quiet Student Loan Forgiveness Scam - Editorial

April 19, 2024

The Editorial Board writes:  Education Secretary Miguel Cardona recently declared that if the Administration’s new SAVE loan repayment plans weren’t challenged in court, “I’m not pushing hard enough.” Congratulations, sir. Eighteen states have now challenged this back-door loan forgiveness. The Administration rolled out the SAVE plans a mere 10 days after the Supreme Court last summer struck down Mr. Biden’s $430 billion loan forgiveness. As states argue in their lawsuits, the Education Department rushed out the plans with sloppy regulatory analysis and illegally converted loans into de facto grants.
The Editorial Board writes:  Education Secretary Miguel Cardona recently declared that if the Administration’s new SAVE loan repayment plans weren’t challenged in court, “I’m not pushing hard enough.” Congratulations, sir. Eighteen states have now challenged this back-door loan forgiveness. The Administration rolled out the SAVE plans a mere 10 days after the Supreme Court last summer struck down Mr. Biden’s $430 billion loan forgiveness. As states argue in their lawsuits, the Education Department rushed out the plans with sloppy regulatory analysis and illegally converted loans into de facto grants.

April 19, 2024

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Yahoo!Sports.com

Meet the Man Responsible for Bringing Disorder to College Athletics ... And Who Could Shape Its Future

Meet the Man Responsible for Bringing Disorder to College Athletics...

April 19, 2024

On Thursday, within a matter of a few hours, the current unruly state of college athletics was on full display.
The NCAA’s transfer portal buzzed to life with dozens of new additions who’ve been lured away by financial inducements from booster-led collectives. The state of Virginia passed legislation that defies NCAA rules by permitting its schools to directly compensate athletes starting July 1. And finally, a national association filed a third complaint with the National Labor Relations Board seeking to make athletes employees.
On Thursday, within a matter of a few hours, the current unruly state of college athletics was on full display.
The NCAA’s transfer portal buzzed to life with dozens of new additions who’ve been lured away by financial inducements from booster-led collectives. The state of Virginia passed legislation that defies NCAA rules by permitting its schools to directly compensate athletes starting July 1. And finally, a national association filed a third complaint with the National Labor Relations Board seeking to make athletes employees.

April 19, 2024

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New America

Short-Term Pell Already Exists - Commentary

Short-Term Pell Already Exists - Commentary

April 16, 2024

Rachel Fishman, acting director with the Education Policy Program, New America, wrote: Many high school graduates with no further education have limited economic opportunities. That’s why it is imperative that postsecondary education and workforce training offer multiple pathways beyond a traditional college degree—including non-degree certificate programs—to good jobs and economic security. Federal lawmakers think they have the answer to helping pay for this type of training: the Pell Grant, the cornerstone of need-based financial aid for all of higher education. Employers want individuals with some postsecondary training, would-be employees need access to specialized postsecondary training, and so-called “short-term Pell'' seems like the perfect solution to fill that gap. The result is proposed legislation—the JOBS Act and the Bipartisan Workforce Pell Act—to expand the Pell Grant to short-term training programs.
Rachel Fishman, acting director with the Education Policy Program, New America, wrote: Many high school graduates with no further education have limited economic opportunities. That’s why it is imperative that postsecondary education and workforce training offer multiple pathways beyond a traditional college degree—including non-degree certificate programs—to good jobs and economic security. Federal lawmakers think they have the answer to helping pay for this type of training: the Pell Grant, the cornerstone of need-based financial aid for all of higher education. Employers want individuals with some postsecondary training, would-be employees need access to specialized postsecondary training, and so-called “short-term Pell'' seems like the perfect solution to fill that gap. The result is proposed legislation—the JOBS Act and the Bipartisan Workforce Pell Act—to expand the Pell Grant to short-term training programs.

April 16, 2024

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The Wall Street Journal

Research for Sale: How Chinese Money Flows to American Universities

Research for Sale: How Chinese Money Flows to American Universities

April 15, 2024

Chinese companies are feeling a cold shoulder in the U.S.—except at universities, where they are welcomed as customers. American universities sign contracts around the world to sell their research and training expertise, and some of their most lucrative agreements have been with companies based in China. The decadeslong trade thrives despite a deepening U.S.-China rivalry and rising sensitivities about Beijing’s influence on American campuses. Nearly 200 U.S. colleges and universities held contracts with Chinese businesses, valued at $2.32 billion, between 2012 and 2024, according to a review by The Wall Street Journal of disclosures made to the Education Department. The Journal tallied roughly 2,900 contracts.
Chinese companies are feeling a cold shoulder in the U.S.—except at universities, where they are welcomed as customers. American universities sign contracts around the world to sell their research and training expertise, and some of their most lucrative agreements have been with companies based in China. The decadeslong trade thrives despite a deepening U.S.-China rivalry and rising sensitivities about Beijing’s influence on American campuses. Nearly 200 U.S. colleges and universities held contracts with Chinese businesses, valued at $2.32 billion, between 2012 and 2024, according to a review by The Wall Street Journal of disclosures made to the Education Department. The Journal tallied roughly 2,900 contracts.

April 15, 2024

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