Hyrra Features the Latest and Most Talked-About Topstories News and Headlines from Around the World.
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How old is Sofia Richie? 'The Simple Life' star Paris Hilton pens adorable birthday wish for Lionel Richie's daughter
How old is Sofia Richie? 'The Simple Life' star Paris Hilton pens adorable birthday wish for Lionel Richie's daughter
Paris Hilton and Sofia Richie's sister Nicole Richie grew up together in Hollywood and even starred in their own reality TV show 'The Simple Life'
2023-08-25 11:16
Biden reveals ‘new path’ to student debt relief after Supreme Court strikes down president’s plan
Biden reveals ‘new path’ to student debt relief after Supreme Court strikes down president’s plan
After the US Supreme Court struck down his administration’s plan to cancel federal student loan debts for millions of Americans, President Joe Biden has unveiled a “new path” for relief, one that he assured is “legally sound” but will “take longer”. In remarks from the White House on 30 June, the president hit out at Republican state officials and legislators who supported the lawsuit which enabled the nation’s highest court to strike down his student debt forgiveness initiative, accusing many of them of hypocrisy for taking money from pandemic-era relief programs while opposing relatively meager relief for student loan borrowers. “Some of the same elected Republicans, members of Congress who strongly opposed relief for students, got hundreds of thousands of dollars themselves ... several members of Congress got over a million dollars — all those loans are forgiven,” he said. “The hypocrisy is stunning,” he said. Accompanied by Secretary of Education Miguel Cardona, Mr Biden opened his remarks by acknowledging that there are likely “millions of Americans” who now “feel disappointed and discouraged or even a little bit angry about the court’s decision today on student debt”. “And I must admit, I do too,” he said. Still, Mr Biden reminded Americans that his administration has previously taken actions to reform student loan repayment programs to make them easier to access, and to keep borrowers from spending more than five per cent of disposable income on monthly repayments, and to strengthen loan forgiveness options for borrowers who take public service jobs. The president has directed Mr Cardona to “find a new way” to grant similar loan relief “as fast as we can” in a way that is “consistent” with the high court’s decision. On Friday, the Education Department issued the first step in the process of issuing new regulations under this so-called “negotiated rulemaking” process. In the mean time, Mr Biden said his administration is creating a temporary year-long “on-ramp repayment programme” under which conditions will remain largely the same as they have during the three-year pandemic-era pause in payments which is set to expire this fall. The department’s 12-month “on ramp” to begin repayments, from 1 October through 30 September, aims to prevent borrowers who miss repayments in that time period from delinquency, credit issues, default and referral to debt collection agencies. “During this period if you can pay your monthly bills you should, but if you cannot, if you miss payments, this on-ramp temporarily removes the threat of default,” he said. “Today’s decision closed one path. Now we’re going to pursue another — I’m never gonna stop fighting,” the president continued, adding that he will use “every tool” at his disposal to get Americans the student debt relief they need so they can “reach [their] dreams”. “It’s good for the economy. It’s good for the country. It’s gonna be good for you,” he said. Asked by reporters whether he’d given borrowers false hope by initiating the now-doomed forgiveness plan last year, Mr Biden angrily chided the GOP for having acted to take away the path to debt relief for millions. “I didn’t give any false hope. The question was whether or not I would do even more than was requested. What I did I felt was appropriate and was able to be done and would get done. I didn’t give borrowers false hope. But the Republicans snatched away the hope that they were given and it’s real, real hope,” he said. The Supreme Court’s 6-3 ruling from the conservative majority argues that the president does not have the authority to implement sweeping relief, and that Congress never authorised the administration to do so. Under the plan unveiled by the Biden administration last year, millions of people who took out federally backed student loans would be eligible for up to $20,000 in relief. Borrowers earning up to $125,000, or $250,000 for married couples, would be eligible for up to $10,000 of their federal student loans to be wiped out. Those borrowers would be eligible to receive up to $20,000 in relief if they received Pell grants. Roughly 43 million federal student loan borrowers would be eligible for that relief, including 20 million people who stand to have their debts cancelled completely, according to the White House. Lawyers for the Biden administration contended that he has the authority to broadly cancel student loan debt under the Higher Education Relief Opportunities for Students Act of 2003, which allows the secretary of education to waive or modify loan provisions following a national emergency – in this case, Covid-19. Since March 2020, with congressional passage of the Cares Act, monthly payments on student loan debt have been frozen with interest rates set at zero per cent. That pandemic-era moratorium, first enacted under Donald Trump and extended several times, was paused a final time late last year. Over the last decade, the student loan debt crisis has exploded to a balance of nearly $2 trillion, most of which is wrapped up in federal loans. The amount of debt taken out to support student loans for higher education costs has surged alongside growing tuition costs, increased private university enrollment, stagnant wages and GOP-led governments stripping investments in higher education and aid, putting the burden of college costs largely on students and their families. Read More Supreme Court strikes down Biden’s plan to cancel student loan debts Supreme Court strikes down affirmative action, banning colleges from factoring race in admissions Biden condemns Supreme Court striking down affirmative action: ‘This is not a normal court’ Justice Ketanji Brown Jackson delivers searing civil rights lesson in dissent to affirmative action ruling
2023-07-01 04:46
Peloton's return to positive cash flow hit by bike recall, shares slide
Peloton's return to positive cash flow hit by bike recall, shares slide
(Reuters) -Peloton Interactive said it expects to burn cash in the next two quarters due to costs related to bike
2023-08-23 21:45
Column-Leveraged funds' record short Treasuries bets surge again: McGeever
Column-Leveraged funds' record short Treasuries bets surge again: McGeever
By Jamie McGeever ORLANDO, Florida Leveraged funds trading U.S. Treasuries futures have increased their record net short position
2023-10-23 10:48
Fed lending to banks eases a bit in latest week
Fed lending to banks eases a bit in latest week
NEW YORK Federal Reserve lending to banks ebbed in the latest week, central bank data released Thursday said.
2023-07-07 04:46
Verstappen takes 6th F1 victory in a row at British GP as Norris wins battle with Hamilton for 2nd
Verstappen takes 6th F1 victory in a row at British GP as Norris wins battle with Hamilton for 2nd
Max Verstappen recovered from a slow start to win the British Grand Prix for his sixth Formula One win in a row as Lando Norris held off fellow British driver Lewis Hamilton in a thrilling battle for second
2023-07-09 23:50
'I was discovered in Maui': Chris Pratt raises $250K for Hawaii wildfire victims
'I was discovered in Maui': Chris Pratt raises $250K for Hawaii wildfire victims
Chris Pratt launched the fundraising collaboration with the clothing brand TravisMathew 'to do some good'
2023-09-02 19:17
Judge rules US ex-cardinal not competent to stand trial for sexual abuse
Judge rules US ex-cardinal not competent to stand trial for sexual abuse
A Boston judge ruled Friday that former top US Catholic official Theodore McCarrick was cognitively unable to stand trial for sexually assaulting a...
2023-08-31 03:21
Kourtney Kardashian criticised for 'sexualising maternity photos' in Travis Barker tribute
Kourtney Kardashian criticised for 'sexualising maternity photos' in Travis Barker tribute
Kourtney Kardashian has been harshly criticised for her latest Instagram tribute to husband Travis Barker. In the first upload since the birth of their son, Kardashian wished the Blink-182 drummer a happy birthday. "To my husband, my soulmate, my best friend, my lover, my daddy to our baby boy, my everything… I wish you the happiest birthday," she wrote. "You make all of my dreams come true and I feel so blessed to have you by my side. I love you beyond words, forever." The wholesome message was accompanied by a series of snaps of a heavily pregnant Kardashian posing with her husband. One photo saw Barker's hands covering the reality star's bare chest, while another showed his hand down her pants. The post was liked almost 3 million times and was flooded with over 15,000 comments. Some people did not hold back, blasting the images as "vulgar". One Instagrammer described the shoot as the "weirdest maternity pictures I have ever seen lol." Another reiterated: "These are types of pictures you just keep to yourself lol." Meanwhile, a third added: "Weird to sexualize maternity pictures but ok" Others simply let the couple live, and praised the love they share. "Yessssss Kourt keep p***ing these uptight people off… It’s great. Happy Birthday Travis," one fan wrote, while another added: "Awww what a beautiful and thoughtful post Kourtney. The chemistry between you and Travis is indescribable. You’ve both come so far and should be so proud." "Wow. To find a love like this is so delicate and precious. It seems like an eternity away," one user chimed in. How to join the indy100's free WhatsApp channel Sign up for our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-11-15 21:25
Arsenal receive Martin Odegaard fitness update from Norway manager
Arsenal receive Martin Odegaard fitness update from Norway manager
Norway manager Stale Solbakken offers an update on the injury to Arsenal midfielder Martin Odegaard.
2023-11-18 20:24
Affirmative action: Why this student says he was rejected by Harvard
Affirmative action: Why this student says he was rejected by Harvard
Rutvij failed to get into any of the elite Ivy League universities. Was he a victim of discrimination?
2023-06-08 07:24
Hawkeyes are pinning their hopes on transfer QB Cade McNamara to upgrade their woebegone offense
Hawkeyes are pinning their hopes on transfer QB Cade McNamara to upgrade their woebegone offense
Quarterback Cade McNamara is the key piece in Iowa's plan to upgrade one of the worst offenses in the nation
2023-08-15 00:55