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 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

Appearances

newest first · ▶ plays the moment

WSJ Your Money Briefing · Student-Loan Payments Are Now Paused Through August. But Then What? · 7 Apr 2022 podcast

So they are covered under this freeze. voice-verified

The other 10% is a combination of different types of private loans that are held typically by banks. voice-verified

And some of those banks have allowed people to also have a pause on their payments. voice-verified

But that is a completely individual relationship between the borrower and their bank. voice-verified

Borrowers should definitely be looking out for communications from their loan servicer. voice-verified

These are the companies that work on behalf of the federal government to collect payments on student loans and maintain balances. voice-verified

So they should certainly look out for communications from them. voice-verified

But I wouldn't expect those at least for a couple of months since the pause goes until the end of the summer. voice-verified

Yeah, so these servicers were told last month that they shouldn't have any communication with their borrowers in advance of a possible change in the extension. voice-verified

And that is ultimately what happened. voice-verified

So it's incredibly hard for these companies to plan for what's coming next, to hire the hundreds or even thousands of people that are needed to answer people's questions or to send out letters to borrowers. voice-verified

So it's been very hard for them to plan with all these extensions coming basically at the last minute. voice-verified

Yeah, the Biden administration, despite resisting broad scale debt cancellation, has actually canceled around $17 billion worth of debt held by around 700,000 borrowers. voice-verified

Those borrowers are a combination of people who are disabled and hold loans, voice-verified

or who work or worked in public service and are entitled to certain amounts of debt cancellation, or they were defrauded by a for-profit institution and they have successfully petitioned the education department that they shouldn't have to pay their student loan debt because they didn't get what they paid for at their school. voice-verified

Yeah, it's impossible to ignore the political dimensions to all of this. voice-verified

Republicans basically think that this is a sort of backdoor loan cancellation. voice-verified

They see the amount of money that borrowers have saved, and they can conclude only that Democrats are doing this for political reasons. voice-verified

And they expect a pause to go even beyond the November elections into 2023, which is also what many Democrats, including senior Democrats like Senator Patty Murray of Washington, have been pushing for. voice-verified

It's certainly possible. voice-verified

Showing 281–300 of 468 · page 15 of 24