alabdy
07-07-2023, 01:20 PM
Last week, the Supreme Court struck down President Biden’s sweeping plan to cancel billions of dollars in student loan debt.
Stacy Cowley, a finance reporter for The New York Times, explains what the decision means for borrowers now facing their first payments since a coronavirus pandemic-related pause and how an alternative plan could still ease their burden.
Guest: Stacy Cowley (https://www.nytimes.com/by/stacy-cowley), a finance correspondent for The New York Times.
Background reading:
The proposed debt cancellation of more than $400 billion would have been one of the most expensive executive actions in U.S. history. (https://www.nytimes.com/2023/06/30/us/student-loan-forgiveness-supreme-court-biden.html)
Millions will now have to repay debts that the Biden administration had promised to eliminate. (https://www.nytimes.com/2023/06/30/us/politics/student-loan-borrowers-reactions.html)
For more information on today’s episode, visit nytimes.com/thedaily (http://nytimes.com/thedaily?smid=pc-thedaily). Transcripts of each episode will be made available by the next workday.
أكثر... (https://www.nytimes.com/the-daily)
Stacy Cowley, a finance reporter for The New York Times, explains what the decision means for borrowers now facing their first payments since a coronavirus pandemic-related pause and how an alternative plan could still ease their burden.
Guest: Stacy Cowley (https://www.nytimes.com/by/stacy-cowley), a finance correspondent for The New York Times.
Background reading:
The proposed debt cancellation of more than $400 billion would have been one of the most expensive executive actions in U.S. history. (https://www.nytimes.com/2023/06/30/us/student-loan-forgiveness-supreme-court-biden.html)
Millions will now have to repay debts that the Biden administration had promised to eliminate. (https://www.nytimes.com/2023/06/30/us/politics/student-loan-borrowers-reactions.html)
For more information on today’s episode, visit nytimes.com/thedaily (http://nytimes.com/thedaily?smid=pc-thedaily). Transcripts of each episode will be made available by the next workday.
أكثر... (https://www.nytimes.com/the-daily)