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As many former college students are getting a reprieve from paying federal student loans, some Democratic leaders are calling on the next president to suspend payments permanently.On Thursday, Senate Minority Leader Chuck Schumer called on forgiving federal student loans for those owing less than ,000. Schumer is proposing a resolution to outline how the president should forgive student debt.The resolution would not be applicable to private student loans.In a statement, Schumer said, “For far too long the sunny, American optimism of our young people has been clouded by crippling student debt. Education is supposed to be a ladder up, but studies have shown that student loans hold people back and prevent young college graduates from owning homes or starting small businesses. This holds our entire economy back, which we cannot afford after the financial devastation of COVID. That is why I will prioritize student debt forgiveness in 2021."Schumer’s comments came as the U.S. Senate Committee on Health, Education, Labor, and Pensions met with experts on the government’s student aid program FAFSA.A 2017 federal government study found that 20% of students who took out college loans during the 2003-04 academic year had paid off their debt within 12 years. Those taking out loans that year were more likely to have defaulted on a loan at least once.Dr. Judith Scott-Clayton, an economics researchers at Columbia University, went before the US Senate on Thuesday. Facing questions from Democratic Sen. Elizabeth Warren, Scott-Clayton said that the impact of student loan debt is particularly crippling to minorities.“It's really shockingly bad,” Scott-Clayton told the U.S. Senate Committee on Health, Education, Labor, and Pensions. “Even prior to the pandemic, nearly half of Black student loan borrowers would experience a student loan default within 12 years of college entry. That's-- compared to about a third of Hispanic borrowers and one in five white student borrowers. It's so bad that a Black college graduate with a bachelor's degree is more likely to experience a default than a white college dropout. And unfortunately, these stats might get worst due to the pandemic.”Last month, President Donald Trump extended a moratorium on federal student loan payments. Borrowers are not obligated to repay federal student loans through the rest of the year. The executive order was signed due to the economic fallout stemming from the COVID-19 pandemic.Collectively, Americans owe .54 trillion in student loan debt, which is nearly 0 billion more than owed on auto loans, and nearly twice the amount owed on credit cards.While many college grads are straddled with debt, having a college degree has a significant impact on earnings. According to the Bureau of Labor Statistics, the mean weekly earnings for a college graduate is ,416, compared to 9 per week for a high school graduate with no college education. 2947

Andrea Constand is giving thanks to the Pennsylvania county where Bill Cosby was found guilty of assaulting her -- and presumably its prosecutors and jurors -- in her first post-trial tweet."A very profound and heartfelt thank you to the Commonwealth of PA, Montgomery County, for their service and sacrifices. Congratulations," her tweet from Friday morning reads."Truth prevails," the tweet ends. 406

ANAHEIM (CNS) - Disney officials informed Anaheim Wednesday that they have canceled plans for a 700-room luxury hotel at Disneyland Resort in light of the city's decision to scrub tax-incentive deals for the project.The Anaheim City Council voted Aug. 28 to cancel the tax-incentive deals because the project had changed over time, including a new location. Council members also said they were concerned the new location would shutter businesses, costing jobs.Disney officials at the time denied making substantive changes to the project, and said the location shift was minor and still in the same general area.RELATED: Disney puts hotel construction at Downtown Disney in Anaheim on holdDisney spokeswoman Lisa Haines told the Los Angeles Times that while the cancellation of the project "is disappointing for many, the conditions and agreements that stimulated this investment in Anaheim no longer exist and we must therefore adjust our long-term investment strategy."The tax deals were originally meant to spur Disney to build the luxury hotel at the resort and spend millions to expand the company's two theme parks. Construction was scheduled to start this summer, but it was put on hold over details on the development.The hotel was expected to open in 2021 and be the company's fourth at the Disneyland Resort.RELATED: Disneyland agrees to pay its workers an hour"I can't imagine a better piece of property for a hotel in the entire country," Mayor Tom Tait said Wednesday. "And Disney should be able to do it with their own money and not ours."Tait added, "If a hotel doesn't make sense, maybe they've got something better in mind, or even more profitable."Tait said state law prevented the city from providing tax subsidies for the project after Disney moved it from a parking lot to another location within Downtown Disney.RELATED: Take a virtual walk through Disney Parks with new 360-degree panoramas on Google Street View"They got the agreement passed with the old council and state law requires a jobs analysis before giving money from a city, and that jobs analysis then was starting at zero because it was going to be on a parking lot and now they've moved it," Tait said.The more recent project would "take out 130,000 square feet of retail space and 450 jobs," Tait said."And you can imagine if those 450 people knew about this when they asked for that agreement they would all show up at City Hall demanding why would we be giving incentives to take their job away," Tait said.RELATED: Several Downtown Disney businesses to close for 700-room hotelAt Tuesday night's council meeting, the city attorney announced that Anaheim had determined that Measure L, which seeks to raise the minimum wage in the city to per hour for workers at projects subsidized by tax breaks, did not apply to Disneyland because it no longer had the incentive agreements with the city.Measure L was drafted to target Disneyland Resort, but the company has since come to an agreement to raise wages for most of its employees. 3050

An entire youth football team in Illinois kneeled in protest during the national anthem before their game last weekend.Video of the players from the age 8-and-under Cahokia Quarterback Club football team kneeling during the anthem has gone viral and was met with some backlash online, according to St. Louis's KTVI-TV.Orlando Gooden, the team's coach, told KTVI the protest was the kids' idea and came about when one of them asked him about the protests and riots that have shaken St. Louis in the past week since police officer Jason Stockley was found not guilty in the shooting death of Anthony Lamar Smith. 623

As businesses across the country deal with the economic impact of the COVID-19 pandemic, Country Time Lemonade is making sure the country's "littlest entrepreneurs" get the same help.The Littlest Bailout is an economic relief program aimed at helping kids start lemonade stands. Kids who are 14 and younger can get a 0 "stimulus check," which comes in the form of a prepaid card.Country Time says the money is to help kids "preserve the values of lemonade stands, honest work, and entrepreneurship."To apply, parents must upload an essay, 250 words or less, that answers the question, "How would your child use their stimulus check to juice the economy?"Parents must also upload a picture of the lemonade stand sign their child/children were going to use. The limit is one entry per household.According to the official rules, the company plans to give out 1,000 of the prepaid cards.There is no purchase necessary and the program ends on Aug. 12. Parents can click here to apply.This story was originally published by Emily McCain on WFTS in Tampa, Florida. 1068