Saturday, June 17, 2023

PGA US Open -- Third Round -- June 17, 2023

Locator: 44968PGA.
Locator: 44968SCOTUS.

This is really turning into quite a tournament. Probably one of the better golf tournaments I've seen in a long, long time.

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College Loans

Update here (nothing new).

I've lost the bubble on this, but if I understand this correctly, there are two college loan issues:

  • interest payments on existing federal loans pause / to resume
  • federal loan forgiveness, $10,000 (federal loan) to $20,000 (Pell grant)

Known: interest on loans:

  • interest payments on federal loans will resume in October, 2023
  • interest starts to accrue again in September, 2023

Still unknown: full loan/partial loan forgiveness:

  • US Supreme Court decision within next month or so
  • to decide whether a presidential executive order to grant loan forgiveness is constitutional
    • the "betting" is that the US House of Representatives holds the strings to the purse, not the president,
      • if so, the President cannot unilaterally cancel federal loans

Regarding interest payments on existing loans:

  • first link: Insider: June 15, 2023: interest starts to accrue again in September, 2023; "first" payments begin again, Octobdr, 2023.
  • second link, Forbes: May 15, 2023: at that time, still not know when interest payments would resume.

Regarding loan forgiveness, $10,000 to $20,000, US Supreme Court case

  • one link, Newsweek: June 15, 2023
    • it's a political issue
    • it's a money issue
    • it's a "fairness" issue
    • if it's a constitutional issue -- it was not addressed at the Newsweek link, except in passing.
  • for me, it seems fairly straightforward.

How many affected:

  • 20 million students would have their loans erased in their entirety;
  • 20 million students would have their loans lowered.

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