New Events

International

no events posted in last week

Blog Feeds

Anti-Empire

Anti-Empire

offsite link This Site Will Soon Be Hosted at anti-em... Sun Sep 22, 2024 17:24 | Anti-Empire

offsite link Ukraine Shoots Down F-16 With Patriot, A... Sat Aug 31, 2024 11:53 | Anti-Empire

offsite link Surprise Offensive Puts 300 km² of Russ... Fri Aug 09, 2024 08:44 | Marko Marjanović

offsite link The Wholesome Photo of the Month Thu May 09, 2024 11:01 | Anti-Empire

offsite link In 3 War Years Russia Will Have Spent $3... Thu May 09, 2024 02:17 | Anti-Empire

Anti-Empire >>

The Saker
A bird's eye view of the vineyard

offsite link Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
Alternative site: https://thesaker.si/saker-a... Site was created using the downloads provided Regards Herb

offsite link The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker
Dear friends As I have previously announced, we are now “freezing” the blog.  We are also making archives of the blog available for free download in various formats (see below). 

offsite link What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker
by Mr. Allen for the Saker blog Over the last few years, we hear leaders from both Russia and China pronouncing that they have formed a relationship where there are

offsite link Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader
2023/02/27 19:00:02Welcome 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 The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker
Pepe Escobar for the Saker blog A powerful feeling rhythms your skin and drums up your soul as you?re immersed in a long walk under persistent snow flurries, pinpointed by

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTEs Sarah McInerney ? Fianna Fail supporter? Anthony

offsite link Joe Duffy is dishonest and untrustworthy Anthony

offsite link Robert Watt complaint: Time for decision by SIPO Anthony

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

Public Inquiry >>

Human Rights in Ireland
Promoting Human Rights in Ireland

Human Rights in Ireland >>

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
© 2001-2024 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