Student

Biden's Education Dept. just hired Elizabeth Warren's student-loans expert, who studied predatory lending at Harvard

2 monthes ago   |   By Business Insider

Sen. Elizabeth Warren.
REUTERS/Brendan McDermid
The Education Dept. just hired Toby Merrill, founder of the Predatory Student Loan Project.
Elizabeth Warren cited Merrill's research saying the president can legally cancel $50,000 in student debt.
She was hired as deputy general counsel under Education Sec. Miguel Cardona.
See more stories on Insider's business page .
A new hire at the Education Department is another in the growing number of experts who have fought alongside Massachusetts Sen. Elizabeth Warren to reform the student-loan debt system. Toby Merrill, founder of the Project of...
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Why a fourth stimulus check isn't likely anytime soon

2 monthes ago   |   By Business Insider

President Joe Biden.
Nicholas Kamm/Getty Images
A fourth stimulus check is unlikely given the accelerating pace of the recovery.
For now, Democrats have moved onto addressing evictions, among other things.
The White House has punted the issue and said it's up to Congress to decide.
See more stories on Insider's business page .
Stimulus checks remain popular with average Americans. Congress under both the Trump and Biden administrations issued three direct payments amounting to $3,200 for millions of Americans. However, a fourth round is unlikely to be sent anytime soon as the economy...
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22 Democrats are urging Biden's Education Department to act on student debt now. Here's what they want

2 monthes ago   |   By Business Insider

Senate Majority Leader Chuck Schumer .
Alex Wong/Getty Images 22 Democrats urged Education Sec. Miguel Cardona to quickly implement reforms to student loans.
The reforms include simplifying forgiveness for defrauded borrowers and borrowers with disabilities.
Cardona has begun the process of issuing new rules, but Democrats want him to act quicker on relief.
See more stories on Insider's business page .
President Joe Biden's Education Department has just started the lengthy process of implementing new rules for the student-debt system, but Democrats want to ensure the new rules will truly...
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