New Events

International

no events posted in last week

Blog Feeds

Anti-Empire

Anti-Empire

offsite link Trump Is Conditioning Removal of Sudan S... Tue Sep 29, 2020 18:02 | The New Arab

offsite link Syria’s “Moderate Rebels” Say Turk... Tue Sep 29, 2020 16:19 | Bethan McKernan

offsite link An ‘Egregious and Unforgivable Form of... Tue Sep 29, 2020 13:57 | Colin Butler

offsite link 3,500 American Companies Sue Trump Admin... Tue Sep 29, 2020 11:38 | David Shepardson

offsite link Wokeism Is Class War of the Upper Middle... Tue Sep 29, 2020 11:15 | Rob Henderson

Anti-Empire >>

The Saker
A bird's eye view of the vineyard

offsite link Azerbaijani-Armenian War: Turkish F-16s Enter The Game. Armenia Threatens To Use Iskander Missiles Tue Sep 29, 2020 21:34 | amarynth
South Front The Armenian-Azerbaijani war continues raging in the South Caucasus. As of September 29, the Azerbaijani advance in the Nagorno-Karabakh region struck the Armenian defense and Azerbaijani forces were

offsite link China deploys Sun Tzu to prevail in the Chip War Tue Sep 29, 2020 18:26 | amarynth
by Pepe Escobar with permission – first posted at Asia Times Let?s cut to the chase: with or without a sanction juggernaut, China simply won?t be expelled from the global

offsite link Come what may, I must reveal the identity of the NY Times? Trump tax leaks Tue Sep 29, 2020 15:22 | amarynth
by Ramin Mazaheri for the Saker Blog So there I was again on the ?Job Creator?s Red-Eye? (NYC to Silicon Valley) and I made this fateful, election-shaping decision. The reality

offsite link Armenian-Azerbaijani War Rages In South Caucasus Mon Sep 28, 2020 22:47 | amarynth
South Front On September 27, a new regional war in South Caucasus arose from the Armenian-Azerbaijani conflict over the contested Nagorno-Karabakh region. Pro-Armenian forces captured the region in the early

offsite link The mortal battle of the Perfidious Albion Mon Sep 28, 2020 19:40 | amarynth
By Katerina for the Saker Blog In this my third and hopefully last essay I will try to analyse an ingrained and totally unresolvable animosity between England and Russia. Here

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Sarah McInerney and political impartiality

offsite link Did RTE journalists collude against Sinn Fein? Anthony

offsite link Irish Examiner bias Anthony

offsite link RTE: Propaganda ambush of Sinn Fein Anthony

offsite link Hong Kong and democracy 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