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Student loans borrowers are still struggling right now, even with payments on federal loans suspended.Nearly half of borrowers in a new survey from personal finance site Student Loan Hero have lost income during the pandemic. About 34% have had their pay or hours cuts and more than one in three borrowers are experiencing food insecurity.Currently, federal student borrowers have placed in an administrative forbearance, which allows them to temporarily stop making their monthly loan payment. The suspension of payments will last until Sept. 30, 2020, but they can still make payments if they choose. About two months before the pause on federal student loan payments is scheduled to end, advocates are warning we're not ready.“Back in March, when the CARES Act was passed, I think September 30 made a lot of sense at that point. We were hopeful that by September we'd have the virus under control, that we'd be getting back to normal, that things would be reopening,” said Sam Gilford, Director of External Affairs at the nonprofit Student Defense. “But of course, here we are in July and it's clear that's not the case.”Student Defense has been representing students who had their wages garnished months after the CARES Act said that's not allowed.Just last week, the Department of Education said it's still happening to thousands of borrowers.The organization stresses that now is the time to be your own best advocate.“Many people will be eligible for what's called 'income-based repayment,' which is a repayment plan where your payment varies based on your income and if your income drops to certain level, your payment will drop to zero,” said Gilford. “That can be a really good option for a lot of people, but it's something that takes time to get started so don't wait until October 1.”Gilford says to watch out if you contact the company in charge of your student loans and they recommend forbearance instead of income-based repayment. You get a temporary pause on your payments, but interest keeps growing so your loan is getting bigger.There's another reason not to wait to contact your servicer.Student Defense says even in good times, servicers struggle to keep up with the volume of requests and calls from borrowers. So, it's likely they'll be overwhelmed if the pause on payments lifts at the end of September.The Department of Education is expected to start communicating with borrowers next month about their loan payments getting ready to start again.Click here to learn more about your student loans and read frequently asked questions. 2567
Students across the country are expected to walk out of their classrooms Wednesday morning to protest gun violence. The National School Walkout is scheduled to begin at 10 a.m. in every time zone and last for 17 minutes -- a minute for each life lost in the Parkland school shooting.If you're a student who's thinking of taking part (or the parent of one), you probably have lots of questions: Can the school retaliate? Will it hurt your chances of college? Can you just stay home for the day?For help with answers, we turned to a couple of experts: 1. Can my school punish me for taking part? 606
Superhero creator and legend Stan Lee has filed a lawsuit in excess of billion against a company he co-founded.The suit, filed Tuesday Los Angeles Superior Court, alleges that Pow! Entertainment conspired with two employees to steal Lee's identity.According to the lawsuit obtained by CNN, Pow! Entertainment CEO Shane Duffy and co-founder Gill Champion "conspired and agreed to broker a sham deal to sell POW! to a company in China and fraudulently steal Stan Lee's identity, name, image, and likeness as part of a nefarious scheme to benefit financially at Lee's expense."The complaint centers around the 2017 sale of the company to Hong Kong-based Camsing International.Lee, Champion, and Arthur Liberman formed Pow! Entertainment in 2001, the suit states.Lee, who helped create Black Panther, Iron Man, the X-Men and countless other Marvel characters in comic books and on the big screen, was led to believe he had entered into a non-exclusive licensing agreement with Pow!, according to the complaint.Lee says the defendants fraudulently obtained his signature, allowing Pow! Inc. to gain "the exclusive right to use Lee's name, identity, image and likeness on a worldwide basis in perpetuity."The complaint also states that Duffy, Champion and Lee's former business manager Jerardo Olivarez (who is not named as a defendant in the suit) took advantage of his grief over the death of his wife of 70 years, Joan B. Lee, last year and his poor eyesight due to macular degeneration.In the suit, Lee alleges that Olivarez managed to convince him to sign a power of attorney to gain control over Lee's assets.Duffy and Champion have not responded to CNN's request for comment.CNN has reached out to Lee and Pow! Entertainment for comment. "Lee does not recall anyone reading the Illegitimate Document to him, and, due to his advanced macular degeneration, he could not have read it himself," the complaint states.Lee filed a separate suit against Olivarez in April, alleging fraud and financial abuse of an elder.CNN was unsuccessful in attempts to reach Olivarez.But in April, Olivarez denied to The Hollywood Reporter that he had misappropriated Lee's funds."Mr. Lee told me I had given him a new lease on life after Mrs. Lee's passing," Olivarez said. "I had looked out for him during recent contract negotiations with Pow! [Entertainment]. He gave me a check as a thank-you."In the days after his wife's death, the suit alleges that certain individuals took great advantage of Lee by firing his banker and his longtime lawyers, along with transferring almost million out of one of his accounts, forging a 0,000 check, and buying a 0,000 condo.The suit follows an investigative piece by The Hollywood Reporter about possible elder abuse involving Lee, who is 95.A tweet from Lee's official Twitter account on Tuesday referenced identity theft."Help! Someone has hijacked my Facebook and Instagram," the post read. "I want everyone to know whoever is writing them is a fraud and is impersonating me. How do I get them back? Can you guys help?" 3071
Tempe, Arizona police are investigating a deadly crash involving a self-driving Uber vehicle early Monday morning. The Uber vehicle was reportedly headed northbound when a woman walking outside of the crosswalk was struck. The woman, identified as 49-year-old Elaine Herzberg, was taken to the hospital where she died from her injuries.Tempe Police says the vehicle was in autonomous mode at the time of the crash and a vehicle operator was also behind the wheel. No passengers were in the vehicle at the time. An Uber spokesperson said they are aware of the incident and are cooperating with authorities.They released the following statement: "Our hearts go out to the victim’s family. We are fully cooperating with local authorities in their investigation of this incident."Uber's CEO Dara Khosrowshahi also acknowledged the incident on Twitter: 906
Stars and Stripes is essential to the military community. Its .5 million budget is only a tiny fraction of the entire DOD budget, so there’s no reason to discontinue its funding. Read our bipartisan letter calling on @EsperDoD to continue funding this military news service. pic.twitter.com/L7FqeT2CGP— Senator Dianne Feinstein (@SenFeinstein) September 4, 2020 372