Default is bad news for both borrowers and lenders. It can lead to damaged credit, garnished wages (for defaulting on federal loans), not to mention a mountain of stress. And while large lenders don't suffer the same strain as the individual in default, it's still bad for business since lenders lose an income stream and may become involved in lengthy legal actions if they attempt to collect the debt. … [Read more...] about Is There a Better Way to Deal With Student-Loan Debt?
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The move is a significant step toward Sanders’ decades-old push for a government-run "Medicare-for-all" single-payer health care system, which was the senator’s signature domestic proposal in his 2020 presidential campaign. But it doesn’t go as far as Sanders’s plan, which calls for phasing in all Americans over a four-year period and phasing out private health insurance plans. … [Read more...] about Reaching out to left, Biden calls to lower Medicare age, forgive some student loan debt
If anything, Sargent may be overestimating the extent to which these initiatives break new ground. On student loan debt, Biden is proposing to “forgive all student debt for low- and middle-income borrowers who attended public colleges or private Historically Black Colleges and Universities (HBCUs) and private, underfunded Minority-Serving Institutions (MSIs).” That’s a means-tested, targeted approach to a problem that Sanders and many other progressives consider universal and worthy of universal and prospective relief. … [Read more...] about Biden Inches Toward Sanders on Health Care, Student Loans
“Senator Sanders and his supporters can take pride in their work in laying the groundwork for these ideas, and I’m proud to adopt them as part of my campaign at this critical moment in responding to the coronavirus crisis,” Biden said in a statement. … [Read more...] about Biden courts Sanders voters with student loan, healthcare policies
"As you all know, we have never been just a campaign. We are a grassroots, multi-racial, multi-generational movement which has always believed that real change never comes from the top on down but always from the bottom on up," Sanders said in a virtual address to supporters. "While this campaign is coming to an end, this movement is not." … [Read more...] about Joe Biden Unveils Plan to Forgive Student Debt and Expand Medicare Eligibility As Unemployment Soars