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Elizabeth Warren Student Loan Bill Stalls - Maggie Severns And Allie Grasgreen - Politico.com

Elizabeth Warren is pictured. | AP Photo Duncan said the expansion of the payment caps will be fantastic for the economy by allowing young people to spend or invest that money elsewhere. But officials said the new regulations are not likely to be implemented until December 2015 at the earliest. Student-loan debt now tops $1.2 trillion . Obama has publicly endorsed legislation sponsored by Sen. Elizabeth Warren (D-Mass.) that would allow students to refinance both public and private loans at lower interest rates. It would be paid for by closing a tax loophole available to the wealthy. Obama lashed out at congressional Republicans for opposing the Warren legislation and for voting to cut federal Pell grants, saying they were more apt to support wealthy individuals and companies than middle-class students working hard to get an education. If youre a big oil company, theyll go to bat for you, Obama said. If youre a student, good luck. Casting an eye toward the midterm elections, Obama also told parents and students to watch how senators vote on the bill and urged consequences for irresponsible behavior. I want Americans to pay attention to see where their lawmakers priorities lie here, Obama said.
Puedes ver la version sin traducir en http://www.washingtonpost.com/politics/obama-extends-caps-on-student-loan-payments-to-about-5-million-people/2014/06/09/10a6ab20-efe4-11e3-9ebc-2ee6f81ed217_story.html

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Elizabeth Warren that would have allowed an estimated 25 million people with older student loans to refinance that debt at current, lower interest rates. Democrats are vowing to keep the issue alive and bring it back for another airing this year. + reset Were not giving up, Warren said at a press conference shortly after the vote, slamming Republicans for blocking the bill. Warrens bill sparked a fierce debate in the Senate, where Republicans said Democrats are cynically capitalizing on student loan debt for election-year gains. Ive been calling on the majority leader to press pause on his partys non-stop campaign, Senate Minority Leader Mitch McConnell (R-Ky.) said Wednesday morning. President Barack Obama and second lady Jill Biden had thrown their support behind the bill in recent days, and Obama on Monday rolled out new executive actions to help address student loan debt alongside the action in the Senate. Senate Democrats want an issue to campaign on to save their own hides this November, McConnell said. Americans are not going to fall for this spin. ( Also on POLITICO: The battle over D.C. public schools ) Newly installed Education Department Undersecretary Ted Mitchell suggested the Education Department will continue exploring student loan debt refinancing at a town hall later Wednesday. I think that those approaches around refinancing and repackaging are promising, and well continue to pursue that as an option, Mitchell said during his first public appearance since taking the post. After the event, however, he declined to elaborate.
Puedes ver la version sin traducir en http://www.politico.com/story/2014/06/student-loan-bill-stall-elzabeth-warren-107722.html

Here's Why the Student Loan Market Is Completely Insane - Businessweek

For example, default rates at such places as Stanford, Duke, Carnegie Mellon, MIT, and Yale are all less than 2 percent. Not surprisingly, graduates from these schools command high salaries in the job market. At such places as West Virginia, Louisville, South Florida, and Boise Stateschools much better known for athletics than academicsdefault rates are 10 percent. Further down the food chain are much higher default rates at places such as Alcorn State (16 percent), Colorado Technical University (23 percent), University of Phoenix (26 percent), Lincoln Technical Institute (30 percent), and Arizona Automotive Institute (42 percent). More specifically, a schools tuition doesnt adjust for the quality of the educationas represented by graduates ability to pay back loans. Schools in a narrow $35,000-$45,000 range feature a wide range of default rates: Any other market with such varying default rates would feature borrowing rates that are varied to match more appropriately: Students from Stanford and Yale would pay far less than students at the University of Phoenix. That doesnt happen in the student loan marketand that creates all kinds of skewed incentives. Subsidies go to the wrong people: taxpayers (and high-performing students) subsidize loans to below-average schools, because students at these poor-performing schools are loading up on much more debt than they should take on, at interest rates too low for their high risk of default. If students at schools with high default rates were forced to borrow at a true market price, their interest rates would be much higher, says Cagney, and that would be a good thing, because it would force those schools to lower their tuition prices. Right now the government, through such programs as Direct Loans ,is happy to let students borrow tens of thousands of dollars, regardless of how likely that student can pay it back. Private lenders will offer up even more money.Students are saddled with debt they can never pay back, and the government knows this.
Puedes ver la version sin traducir en http://www.businessweek.com/articles/2014-06-11/heres-why-the-student-loan-market-is-completely-insane

Senate Republicans block consideration of student loan bill - CBS News

It would have affected an estimated 40 million people begin paying a lower interest rate on their loans, but never would have won GOP support because of the way it was paid for: a minimum tax of 30 percent on Americans earning between $1 and $2 million each year. "Today is a really good day for billionaires. For the 40 million people dealing with student loan debt it wasn't such a good day," Warren said after the vote. "This raises the fundamental question, who does Washington work for? Does it work for those who can hire armies of lobbyists to make sure that every single loophole in the tax code is protected for them? Or does it work for young people who are trying to get started in life?" But Republicans called the bill a "political stunt" that would do nothing to help future students. "The Senate Democrats' bill really isn't about students at all, its really all about Senate Democrats, because Senate Democrats don't actually want a solution for their students, they want an issue to campaign on to save their own hides this November," said Senate Minority Leader Mitch McConnell, R-Ky. McConnell and Sen. Lamar Alexander, R-Tenn., the top Republican on the Committee on Health, Education, Labor and Pensions, both said it also fails to address the root of the problem. "This is not a serious proposal. It's not going to help people.
Puedes ver la version sin traducir en http://www.cbsnews.com/news/senate-republicans-block-consideration-of-student-loan-bill/

Obama extends caps on student loan payments to about 5 million people - The Washington Post

Cutts, Googles head of search quality said, its rolling out now! To catch you up, PayDay Loan 2.0 launched a few weeks ago around May 17th and 18th. That specifically targeted very spammy sites in the porn, pills and casino markets. Payday 3.0 specifically targets spammy queries, versus spammy sites. What exactly that means is not 100% clear. But the types of queries this targets includes terms like [payday loans], [casinos], [viagra] and other forms of highly spammy queries. Here is Matts tweet: @BtotheMcG it's rolling out now! Matt Cutts (@mattcutts) June 12, 2014 The first PayDay Loan algorithm was release on June 11, 2013 . Related Topics: Channel: SEO | Google: Penalties | Google: SEO | Top News Sponsored About The Author: Barry Schwartz is Search Engine Land's News Editor and owns RustyBrick , a NY based web consulting firm. He also runs Search Engine Roundtable , a popular search blog on very advanced SEM topics. Barry's personal blog is named Cartoon Barry and he can befollowedon Twitter here .
Puedes ver la version sin traducir en http://searchengineland.com/googles-payday-loan-algorithm-3-0-rolling-now-193954

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