Connect with us

International

Students in America Lament Loan Burden

Published

on

579 Views

Americans are currently lamenting about the student loan burden which some students are kicking against.

If the United States Supreme Court had not overruled President Joe Biden’s programme to cancel billions of dollars in student debt, Satra D. Taylor, who borrowed $40,000 to complete her studies, could have seen that amount reduced by half.

Now the 27-year-old – who used the loan to study at the University of Michigan, supplementing a scholarship and other financial aid – is back on the hook for the whole sum.

“We created this unjust, inequitable, expensive, higher education system and so we need to redress it,” she told AFP, standing before the high court.

Biden’s forgiveness programme was meant to lift more than $400 billion in student debt weighing down the lives of millions of lower and middle-income Americans.

Certain borrowers would have been eligible to receive $20,000 in cancellations, while the vast majority were eligible for $10,000.

But the court overruled the programme Friday, stating that given the large sum, the president had overstepped his powers.

“Any American who wants to pursue higher education should be able to do so,” Taylor said.

“We have students now who have not acquired the generational wealth to pay for their cost of college, it needs to be debt-free,” added Taylor, who works for the youth advocacy group Young Invincibles.

Taylor said she was not surprised given the Supreme Court’s conservative majority, which on Thursday banned the use of affirmative action in university admission policies.

Taylor, who is African American, said the loan forgiveness decision was a setback for Black and Latino students who “would have disproportionately benefitted from this relief.”

“This is absolutely not only a social justice issue, but also a racial equity issue.”
– ‘Future generations’ –
Mina Schultz, 37, who borrowed approximately $65,000 for her studies, emphasized the impact student debt has on the entire economy.

When the pandemic hit and student loan repayments were frozen, it was “a blessing,” she told AFP from outside the Supreme Court.

People were “able to contribute more to the economy” by spending money elsewhere, whether on food as prices surged due to inflation or on things like rent, the George Washington University graduate said.

Schultz would have benefited from $10,000 in debt cancellation, which “would have been really helpful.”

That sort of money “is a huge deal to a lot of people,” said Schultz, who will be forking over some $340 per month when payments resume in several months.

Enjoying a seemingly debt-free life during the repayment pause, she was able to move out of her studio apartment and into a one-bedroom unit.

Nearby, Shanna Hayes, 34, could not contain her emotion as she spoke before several cameras: Her debt, originally $130,000, now exceeds $150,000 due to compounding interest that has accrued over the past 11 years.

“I ask you to remember that the student debt crisis impacts our grandparents, parents… children and future generations,” she told the reporters.

AFP

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

International

Uber introduces robotaxi services in London after exiting Nigeria

A licensed operator will remain inside the vehicle initially to monitor the journey. Fully driverless operations are expected in the future, subject to regulatory approval.

Published

on

By

24 Views

Ride-haling company, Uber, in partnership with British Artificial Intelligence company Wayve, has unveiled an autonomous rides in London, marking a new step in the company’s expansion of robotaxi services.

Reuters reported that the move comes few hours after Uber exited Nigeria, where the company had operated its ride-hailing service for over 12 years.

According to Reuters report on Thursday, London is now the second city in Europe where Uber offers autonomous rides, after first it launched it robotaxi service in Zagreb.

At the initial stage, fewer than 20 Wayve-powered Ford Mustang Mach-E vehicles will be available.

Passengers requesting UberX, Uber Comfort or Uber Electric could be matched with one of the autonomous vehicles at no additional cost.

A licensed operator will remain inside the vehicle initially to monitor the journey. Fully driverless operations are expected in the future, subject to regulatory approval.

Uber’s Global Head of Autonomous Mobility, Sarfraz Maredia, said the launch would help build public and government confidence in the technology.

“This will build credibility with consumers as well as with the government,” Maredia said.

Continue Reading

International

China -Egypt lubricate over 70 years trade, diplomatic relation

President Xi noted that China and Egypt were both ancient civilizations, with a traditional friendship that has endured and grown stronger over millennia.

Published

on

By

29 Views

Photo: Chinese President Xi Jinping (m), his wife, Peng Liyuan (l), and Egyptian President Abdel Fattah El-Sisi, during the arrival of President Xi and his wife in Cairo, Egypt, on state visit.

Chinese President Xi Jinping and his wife, Peng Liyuan, are in Egypt, on a state visit, via a special plane.

President Xi is in Egypt on the invitation of Egyptian President Abdel Fattah El-Sisi.

The Chinese Foreign Ministry disclosed on its official website that upon Xi and Liyuan’s arrival at Cairo International Airport, President Abdel Fattah El-Sisi and his wife were present to warmly greet them.

During the visit , Xi will have an in-depth exchange of views with President Abdel Fattah El-Sisi on China-Egypt relations, all-round bilateral cooperation, and international and regional issues of mutual concern, jointly charting the course for the development of the China-Egypt comprehensive strategic partnership and opening a new chapter in the history of China-Egypt friendship.

President Xi noted that China and Egypt were both ancient civilizations, with a traditional friendship that has endured and grown stronger over millennia.

Xi also said that over the 70 years since the establishment of diplomatic relations, the two countries have always stood together and cooperated for mutual benefit, regardless of changes in the international and regional landscape.

“In recent years, together with President Abdel Fattah El-Sisi, I have guided the China-Egypt comprehensive strategic partnership to achieve leapfrog development.

Continue Reading

International

US tags 10 Nigerians ” worst of worst criminal aliens” for deportation

The  10 Nigerians listed in the latest update are:

Published

on

By

93 Views

The United States Department of Homeland Security has added 10 Nigerians to its “Worst of the Worst” register, a database highlighting immigrants arrested by Immigration and Customs Enforcement over alleged criminal offences.

The latest names were published on the official DHS website and include individuals linked to cases involving fraud, identity theft, drug offences, assault, conspiracy and offences involving children.

The  10 Nigerians listed in the latest update are:

Temitope Bashua — Wire fraud, identity theft and fraud — Allenwood, Pennsylvania

Ojehoro Lewis — Cruelty towards a child — Conroe, Texas.

Osemudiamen Kingsley Oziegbe — Wire fraud — Louisville, Kentucky

Daniel Oworen — Dangerous drugs — Conroe, Texas

Raymond H. Ekevwo — Wire fraud — Oxford, Wisconsin

Franklin Dikeocha — Sex offence against a child – fondling — Dallas, Texas.

Johnson Ogunlana — Fraud and identity theft — White Deer, Pennsylvania.Wire fraud, dangerous drugs, possession of a weapon and aggravated assault involving a non-family gun — Allenwood, Pennsylvania

Tunde Korede — Conspiracy — Allenwood, Pennsylvania.

Chukwuemeka Chinye — Larceny from a banking-type institution, fraud, larceny, identity theft and conspiracy — Pollock, Louisiana.

DHS said the register was established to draw attention to immigrants it describes as the “worst of worst criminal aliens” arrested by ICE.

” Every day, the patriots of ICE are working to target the worst of the worst criminal illegal aliens from our country. Just yesterday, ICE arrested murderers, pedophiles, kidnappers, and other violent criminals to make America safe again,” said Secretary of Homeland Security Markwayne Mullin.

Continue Reading

Trending