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RICHMOND, Va. — Despite a recent extension of student loan relief, experts suggest borrowers should begin preparing now for repayments to begin."The best thing you can do right now is to set a plan forward for your repayment," said Andrew Pentis, who works with LendingTree. "It's possible that this moratorium could be extended by the Biden administration or the newly-elected Congress. But Biden takes office on Jan. 20 and the current moratorium is expected to end right now at Jan. 31. So that only leaves you know less than two weeks for a decision to be made on whether the moratorium will be extended."Pentis said that since March, millions of student loan borrowers have been given an administrative forbearance, which suspended payments and interest and stopped collections on all defaulted student loans. He said borrowers with government-held federal student loans did not incur penalties during the moratorium."If you have an eligible federal student loan and you're seeing any of those negative impacts such as your credit score being affected your credit report showing and delinquent account, it's best to contact your federal loan servicers," Pentis said.For borrowers struggling to afford payments, Pentis suggested they enroll in an income-driven repayment plan to lower monthly payments. "You could also pause your payments via a deferment for unemployment or other economic hardship reasons," he said.He said hoping the government will simply wipe away the more than trillion in student loan debt is not a wise option."There are billions of dollars worth of private student loans and student loans that are no longer in the hands of the federal government," he said. "So even if both major political parties got together and decided this is what they wanted to do, it's unlikely that we would see more than a trillion dollars actually went away."While Pentis says it is best to plan to restart payments at the end of January, reports surfaced on Thursday that Congress is close to striking a deal on more COVID-19 stimulus that could include more student loan relief.This story was originally published by Shelby Brown on WTVR in Richmond, Virginia. 2181
SACRAMENTO, Calif. (AP) — Those body-length receipts from retail stores are here to stay.The California Legislature had been considering banning paper receipts unless requested by a customer. But a legislative committee voted Friday not to send the legislation to the Senate floor for a vote.The move means the bill is unlikely to pass this year.RELATED: Solana Beach moves closer to banning single-use plastic items within city limitsDemocratic Assemblyman Phil Ting had criticized the receipts for harming the environment. An aide dressed as a giant receipt stood beside Ting as he announced the bill at a news conference earlier this year, emphasizing the often absurd lengths of modern receipts.Senate Appropriations Committee chairman Anthony Portantino said the bill did not get out of committee because it had some problems. He said paper receipts have other uses, such as offering coupons to consumers. 918
RIP ROYTA ?? This is Royta Giles Jr., the 8-year-old killed in the Riverchase Galleria shooting Friday afternoon. He was about to start the third grade at Jonesboro Elementary School.DETAILS: https://t.co/L68itfsy6p pic.twitter.com/MZBx5ZlpWd— CBS 42 (@CBS_42) July 4, 2020 281
RIDGECREST, Calif. (KGTV) — A 4.7-magnitude earthquake hit just outside the town Southern California town of Ridgecrest late Thursday.The quake struck near area of Little Lake, Calif., about 20 miles away from Ridgecrest just after 5:40 p.m., according to the U.S. Geological Survey. USGS estimated the earthquake's depth at about 1.2 miles.The earthquake could be felt from as far away as Spring Valley, according to the USGS' "Did You Feel It?" map.Several aftershocks were recorded around the area following the 4.7 shake up. No injuries were immediately reported. On July 5, magnitude 5.4 and 7.1 quakes hit the Ridgecrest area, causing millions in damage locally. Those quakes could be felt as far away as Las Vegas. 729
SACRAMENTO, Calif. (AP) — California is giving cities and counties more power to speed up the building of supportive housing and shelters amid a homelessness crisis.Democratic Gov. Gavin Newsom signed 13 laws aimed at stemming the crisis Thursday. His action comes as Republican President Donald Trump criticizes California's handling of the issue, most recently blaming homelessness for water pollution .California, the nation's most populous state, has a growing number of people living in the streets in cities such as Los Angeles and San Francisco. But Newsom has accused Trump of politicizing the issue and called on the federal government to provide more aid to get people into housing.Newsom said the bills he's signed will "give local governments even more tools to confront this crisis."One new law that takes effect immediately lets Los Angeles bypass parts of the California Environmental Quality Act to build supportive housing and shelters. Another lets projects that will turn hotels into housing forego certain CEQA reviews through 2025."Supportive housing and shelters aren't being built quickly enough and as long as Californians are struggling to survive in our streets, we have a moral responsibility to do everything in our power to provide the shelter and assistance they need to get back on their feet," Assemblyman Miguel Santaigo, a Los Angeles Democrat, said in a statement.Some critics of CEQA have argued it can be weaponized to delay development of projects community residents might find unfavorable.Another adds Orange and Alameda counties as well as San Jose to the list of places that can declare emergencies and build shelters on publicly owned land. It builds on a 2017 law that lets Berkeley, Emeryville, Los Angeles, Oakland, San Diego, Santa Clara and San Francisco declare such crisis."I am optimistic that we will continue to work together to bring solutions to our homelessness crisis," said Democratic Assemblywoman Sharon Quirk-Silva, who authored the bill and represents parts of Orange County.Los Angeles declared a shelter crisis after the 2017 law and set a goal of creating 750 to 1,500 new shelter beds, according to a bill analysis. So far it has opened 109 of those beds and has 170 under construction.Another piece of legislation signed by Newsom exempts projects built with billion in voter-approved bonds from environmental rules. The Sierra Club, an environmental group, opposed the legislation.Other bills Newsom signed will:—Allow for the use of vacant California armories to provide temporary shelter during hazardous weather.—Create a legal framework for agreements with landlords allowing tenants to take in people at risk of homelessness.—Let the California Department of Transportation lease property to local governments at a cost of per month for emergency shelters. 2843