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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
An Iowa grandmother won half the 7 million Powerball prize and she didn't even know it at first.Lerynne West, 51, bought her tickets at Casey's General Store in the small town of Redfield, Iowa, while grabbing pizza and coffee with her sister. She said it was a special day because she had bought her first home and was moving in that day.West thought she put the lottery ticket in her purse, but she accidentally left it on the floor of her sister's truck. It lay there for a couple days.When a friend texted the day after the drawing to ask if she had won, West said she hadn't had a chance to check. She rifled through her purse and realized she didn't have the ticket. She quickly called her sister, who found it.West looked at the photo of the ticket her sister sent her and checked the numbers on the lottery's website -- she had won!"I told my sister to get in her truck and get that ticket and get up here right now! And, drive slow," West said in an Iowa Lottery press release.West's ticket and a ticket purchased in New York split the 7 million Powerball jackpot in the October 27 drawing. The holder of the New York ticket has not come forward, according to the Iowa Lottery.West opted to take home 8.1 million in a lump sum, minus what's taken out in taxes. Her other option was a 3.9 million annuity that would be disbursed over 29 years. She is the winner of the largest lottery prize to date in Iowa. 1435
ANAHEIM, Calif. (CNS) - Part of Disney California Adventure will open without rides Thursday but plenty of shopping and dining.Billed as an extension of Downtown Disney, Buena Vista Street will be gussied up for the holidays, offering socially distanced outdoor dining at favorite restaurants including Carthay Circle Lounge where Chef Andrew Sutton, culinary director of Signature Restaurants, says Al Fresco Dining at Carthay Circle Lounge will be "like sitting in a European sidewalk cafe.""We literally borrowed tables from some of the other restaurants," he said in remarks reported by the Orange County Register. "Then we started to get more serious about it, bringing in planters, and gardening, and making it look much more refined. The finished product is beautiful."Parts of the park are opening for retail and dining as an extension of the Downtown Disney District. Reservations won't be accepted, but a mobile wait list system will be in place when the restaurant is at capacity.Diners can choose to provide their name and mobile number to receive a text message when it's time to return. Mobile ordering will be available at Smokejumpers Grill and Award Wieners.Buena Vista Street will be open daily 10 a.m. to 8 p.m. There's no admission charge to enter and guests can park in the Simba lot as they do for Downtown Disney. A charge to park in the lot goes into effect Thursday.Safety precautions will be in effect such as taking guests' temperatures, making hand-washing stations available, limiting party size at tables to six and requiring masks for those 2 and older.The stores to reopen are Elias & Co., Julius Katz & Sons and Kingswell Camera Shop.More details are available at disneyland.disney.go.com.As for the menu, it's been refreshed by Sutton and his team, Chef Alex Flores, General Manager Jose Barragan and Assistant Manager Steve Olson. They work well together, Sutton said. Barragan brings panache to the front of the house, Flores meshes perfectly with Sutton when it comes to cuisine and Olson is expert at selecting wines."It really is one of my favorite teams to work with here at the resort," Sutton said, adding that he has collaborated with Barragan and Flores for more than 20 years. "We understand each other, we challenge each other to get better, and then we communicate how best to care for a guest." 2362
An organization started by famous Black athletes and celebrities, including NBA superstar LeBron James, raises money to help felons pay their outstanding fees associated with their felony convictions before registering to vote.More Than a Vote is a political empowerment group that was created after the death of George Floyd. It's also working on getting felons registered to vote in Florida.According to the LA Times, More Than a Vote donated 0,000 to the Florida Rights Restoration Coalition.More than million was raised by former New York mayor Mike Bloomberg to help pay the court fines and fees, the Washington Times reported.Former NFL quarterback Michael Vick is also working with the organizations after gaining access to vote with the passing of Amendment 4, which restored voting rights to over 1.4 million Floridians with a prior felony conviction.In May, U.S. District Judge Robert L. Hinkle ruled that a state law signed by Gov. Ron DeSantis can't bar Floridians with prior felony convictions from voting because they still owe court fines or fees that they cannot pay, NPR reported.However, this month, according to the ACLU, a federal appeals court in Atlanta blocked the judge's order, keeping the law in place.In the case, a hearing is set for August 18, which is the same day as Florida's primary elections, according to WUFT. 1361
ANEHEIM, Calif. (KGTV) -- Disney officially announced Tuesday that the park's latest venture, 'Star Wars: Galaxy's Edge,' will open in the summer of 2019.Disney previously announced that the land would open in 2019, but it was unclear exactly when guests would be able to explore the new area. Disneyland guests will be the first to enjoy the land. Star Wars: Galaxy's Edge won't open at Disney World in Florida until late fall of 2019.The park says the Star-Wars themed land is the largest singe-themed land expansion ever undertaken by the company. As part of the announcement, Disney released a new sneak peak of the land. Watch the video in the player below: 706