New Events

International

no events posted in last week

Blog Feeds

Anti-Empire

Anti-Empire

offsite link The Insufferable George Clooney and the ... Sat Nov 28, 2020 23:08 | Frank Furedi

offsite link What I Learned From Riding With the Boog... Sat Nov 28, 2020 20:30 | Stanton Sharpe

offsite link The Media’s Covid War on the Dakotas Sat Nov 28, 2020 18:40 | Michael Fumento

offsite link Previously Russia’s Biggest Doomsayer,... Sat Nov 28, 2020 06:27 | TASS

offsite link British Government COVID Cult Experts Sp... Fri Nov 27, 2020 21:25 | BBC

Anti-Empire >>

The Saker
A bird's eye view of the vineyard

offsite link The AngloZionists are trying to provoke a war with Iran Sat Nov 28, 2020 20:36 | The Saker
There is really nothing particularly complicated about what just happened: the AngloZionists have murdered a top Iranian scientist in the hope that this murder will trigger a war.  The Iranians

offsite link NATO ? A Comatose Body Whose ?Mission? Seems To Be Little More Than To Preserve And Expand Itself... Sat Nov 28, 2020 18:16 | amarynth
By Francis Lee for the Saker Blog PART 1. In 1851, France had the misfortune to fall victim to a coup by the nephew of Napoleon Bonaparte, Charles-Louis Napoléon Bonaparte,

offsite link Moveable Feast Cafe 2020/11/28 ? Open Thread Sat Nov 28, 2020 17:00 | Herb Swanson
2020/11/28 17:00:02Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

offsite link War Ended, But Armenia Still Suffers Losses. Azerbaijani Troops Enter Largest Armenian Gold Mine Fri Nov 27, 2020 18:30 | amarynth
South Front This week, the Armenian leadership has reached an unprecedented height in its state management achievements. Prime Minsiter Nikol Pashinayan and his government did not stop at the successful

offsite link Meet the new boss! Fri Nov 27, 2020 17:39 | The Saker

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link David Quinn’s selective tolerance

offsite link A Woulfe in judges clothing Anthony

offsite link Sarah McInerney and political impartiality Anthony

offsite link Did RTE journalists collude against Sinn Fein? Anthony

offsite link Irish Examiner bias Anthony

Public Inquiry >>

Spirit of Contradiction

offsite link The Party and the Ballot Box Sun Jul 14, 2019 22:24 | Gavin Mendel-Gleason

offsite link On The Decline and Fall of The American Empire and Socialism Sat Jan 26, 2019 01:52 | S. Duncan

offsite link What is Dogmatism and Why Does It Matter? Wed Mar 21, 2018 08:10 | Sylvia Smith

offsite link The Case of Comrade Dallas Mon Mar 19, 2018 19:44 | Sylvia Smith

offsite link Review: Do Religions Evolve? Mon Aug 14, 2017 19:54 | Dara McHugh

Spirit of Contradiction >>

Stimulus Plan Negotiations Turn to Student Debt

category international | politics / elections | press release author Friday July 31, 2020 16:01author by Zachary Conti - Jubilee USA Networkauthor email zach at jubileeusa dot org Report this post to the editors

Student debt relief is now included in round the clock stimulus package negotiations on Capitol Hill. On Thursday, President Trump indicated that student debt relief measures passed in the Spring could be extended in the final Congressional package.

Student debt relief is now included in round the clock stimulus package negotiations on Capitol Hill. On Thursday, President Trump indicated that student debt relief measures passed in the Spring could be extended in the final Congressional package.

"During a crisis that rivals the Great Depression, the government can help 45 million Americans holding student debt," stated Eric LeCompte who directs the religious debt relief group Jubilee USA. "At minimum, Congress must extend debt payment relief through the end of the year. We'll need more relief, but this stimulus package should extend the debt payment moratorium."

On September 30th, the student debt payment suspension that Congress passed as part of the CARES Act stimulus package in the Spring, expires. The Act put in place 0% interest rates and stopped federal collection of student loans. More than 92% of all student loans are federal loans and top 1.5 trillion dollars of debt.

"We really need to start working on extending student debt relief through 2021, create debt cancellation processes for those struggling most and make sure the class of 2020 can also be included in debt relief measures," noted LeCompte whose organization leads campaigns to keep interest rates low on certain types of federal student loans. "While it's less than 8% of total student debt, it's critical that Congress also brings private sector student loans to the debt relief table too."

Private student debt amounts to $124.65 billion. The House of Representatives passed the $3 trillion HEROES Act stimulus package in May that included $10,000 of debt forgiveness for either federal or private student debt for borrowers deeply impacted by the crisis. The initial $1 trillion HEALS Act introduced by Senate Republicans this week did not include student debt relief measures.

"Currently, student loans are not addressed in a bankruptcy proceeding. Congress should extend bankruptcy protection to include student debt," said LeCompte.

Related Link: https://www.jubileeusa.org/pr_stimulus_plan_negotiations_turn_to_student_debt
© 2001-2020 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy