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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