Gabe Rubin
speaker
468 appearances
13 recordings
1 series
first heard Apr 2018
last heard Oct 2023
Gabe Rubin’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
WSJ Your Money Briefing · New Student-Debt Plan Would Benefit Lower-Income Borrowers · 12 Jan 2023
podcast
And as you know, payments on federal student loans have been frozen since the start of the pandemic in March 2020, and they're only scheduled to resume 60 days after litigation over the loan forgiveness program is either resolved or if the program is implemented.
voice-verified
Pleasure to be with you.
voice-verified
So a federal judge on Friday put a temporary stay on this program, which means that for now, the Biden administration can't go ahead and cancel any debt.
voice-verified
It's great to be with you.
voice-verified
So a federal judge on Friday put a temporary stay on this program, which means that for now, the Biden administration can't go ahead and cancel any debt.
voice-verified
The judge put that stay in place as a result of a lawsuit by six GOP-led states that are suing the administration for harms that they think will result from the mass debt cancellation program.
voice-verified
One of the states that's suing, Missouri, has its own student loan processing agency, so they are alleging that with fewer borrowers having student loans, they'll have less work to do, which will have an impact on state revenues.
voice-verified
Other states that are suing are claiming that there will be other harms to taxpayer-related revenue, making them have standing in this case and allowing them to sue the federal government.
voice-verified
Yes, the administration has actually encouraged people to continue applying for debt relief, even while this is litigated in courts.
voice-verified
And the administration says that around 22 million people have already applied for relief.
voice-verified
Now, that number is a little inflated because 8 million of those people already had their data at the Department of Education.
voice-verified
But nonetheless, 22 million people is around half or even over half of all student loan borrowers.
voice-verified
Borrowers can submit an application, which is very short.
voice-verified
It doesn't take longer than 30 seconds or a minute or so to fill out at studentaid.gov.
voice-verified
And they have until December 31st, 2023 to do so.
voice-verified
And borrowers with federal student loan debts are eligible for up to $10,000 in relief.
voice-verified
or $20,000 if they ever got a Pell Grant, if they earn less than $125,000 a year or under $250,000 if they're a married couple.
voice-verified
And those income levels apply to the gross adjusted income from either 2021 or from 2020.
voice-verified
They are.
voice-verified
Parent PLUS loans are included in this program.
voice-verified
Showing 201–220 of 468 · page 11 of 24
← Previous
Next →