White House Student Loans?

No, they’re just called student loans.

But what if someone gave them away?

That’s exactly what happened  for a few lucky people who qualified.

They were given out under the Obama administration as part of his effort to make college affordable.

SOUNDBITE (English)

Jennifer TunstadJennifer Tunstad, President & CEO, Institute for College Access and Success :

When I think about my own family and how we did pay for school, I remember thinking, ‘How could this happen again?’ So I started looking into it.

And she found something else:: a lot of people didn’t apply for them.

She says some people even thought they couldn’t qualify.

So she got her team together and decided to launch a campaign to get these loans back.

Tunstad argues that people should not have to take on $30,000 worth of debt to attend college.

In order to qualify, students had to demonstrate financial need, meet certain academic standards, and agree to work for two years after graduation.

Critics say the program, which was originally aimed at helping people struggling with college costs, ended up benefiting wealthy kids.

To date, the White House says only 1,600 students have received the loan forgiveness.

You don’t want to miss this story. Check out our website at AljazeeraAmerica.com. We’ll tell you what you need to know.

White House Student Loans?

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The White HouseStudent Loan debt clock is seen at the end of Obama’s 2015 Stateof the of the Union Address on Capitol Hill in Washington, January 12, 2015.

During his 2012 election campaign, US President Barack Obama proposed a $30 billion plan to reduce student loan payments in exchange for government-backed debt forgiveness. (Official White House Photo byby Pete Souza)

What Happened To BarackBarack Obama’s $30 Billion ‘Forgiveness’ Plan?

A quick glance at the student loan debt clock reveals something shocking: In 2018, total federal student loan debt outstanding surpassed $1 trillion, surpassing credit card debt for the first time ever. That’s a lot of loans! But what does this figure trulytruly mean? How much money are students borrowing and how much areare they paying back?

This information comes from the White House’s “Student Loan Debt Clock,” which displays current federal student loan balances according to year of graduation (as well as other factors). While we don’t know the exact amount of student loan debt for each month of 2017–2018, we do have some data on annual average balances from 2015–2017.

In 2016, the average undergraduate borrower took out approximately $29,400 in federally subsidized Stafford loans. This number went down slightly to about $28,300 in 2017.

The biggest jump came in 2018, when borrowers borrowed nearly $35,000 per graduate. This increase was due primarily to rising tuition costs paired with stagnant wages—evenwages—even after adjusting for inflation.

If you’re looking for a job and want to make sure you get hired, chances are hiring managers will ask questions about your experience and past performance. Your resume should clearly lay out your skills and accomplishments so a potential employer knows what you bring to the table. If you aren’t sure where to start, take a look at our guide to resume format, structure, and language.

We asked five experts to weigh in on the best ways to write a resume if you’ve never written one before. Here’s what they said.

What ShouldWhat Should You Include?Include?

Your Resume LayoutYour Resume Layout

According to CareerBuilder, a resume should be two pages long and present your professional history in chronological order. Start with your education, followed by relevant work experience, and finish with your most recent position. A few examples of standard resumes are below:

It’s no secret that the cost of college continues to rise. The National Association of Colleges and Employers reports that on-campus tuitiontuition increased 5 percent over the 2012–20132012–2013 school year, while off-campus tuitiontuition rose 10.8 percent. However, these rates vary greatly depending on where you go and what field you’re in; the following chart shows expected tuition costs for various majors and schools.

As tuition increases, the Bureau of Labor Statistics expects higher levels of employment for graduates. According to their estimates, bachelor’s degree holders were projected to earn 81 cents for every dollar spent,spent, compared with 64 cents for high school graduates.

You’ll need to tailor your resume to fit the job description. Make sure you highlight any skills that directly relate to the position. If possible, provide a link to personal websites or online portfolios  to show employers that you’re capable of doing the kind of work they require.

How To Write A Killer Application Essay

An application essay is a short piece of writing that helps you express yourself succinctly, professionally, and passionately. An application essay requires you to answer several questions aboutabout your academic background, career goals, and motivation. Your resume will give an overview of your skills and experiences, but your application essay will help a recruiter understand who you are and what makes you unique.

White House Student Loans?

What are they?

Student loans are financial aid offered to students who are attending school at universities around the United States. These loans help cover tuition costs, books, and living expenses. There are some types of student loans,loans, including federal Direct Subsidized Loans, private Direct Unsubsidized Loans, Direct Consolidation Loans, and Direct PLUS Loans.

How do I qualify?

Students must have a high school diploma or GED to be eligible to receive subsidized student loan money. Students must not be older than 24 years old when they graduate from college. They cannot be enrolled in school for less than two full-time semesters. In order to receive direct subsidized student loans, they must be attending a school that is participating in the Federal Family Education Loan (FFEL) Program. Private lenders offer unsubsidized student loans. A student may onlyborrow a borrow a certain amountamount of money depending on their family’s income.

What if my parents don’t make enough money to pay for my educationeducation?

Parents can still assist their children with their education by filling out the Free Application for Federal Student Aid. The FAFSA is often completed along with tax returns and makes it easier for schools to find out what a person’s need-based financial aid eligibility. eligibility. Parents may also opt to get a higher salary before starting work. Once parents start earning more money, they should make sure to save it for their child’s education.

White House Student Loans?

Yes

In 2012, Congress passed the Higher Education Act, which created two programs to make student loans easier to obtain. The first program, called Direct Subsidized Loan (DSL), allowed students to borrow money at low interest rates while their families were given monthly payments based upon federal financial aid. The second program, knownas the as the Federal Family Educational Loan (FFEL) Program, provides government-backedgovernment-backed loans to cover the remaining balance after a family has been paid back for its previous subsidized loan.

No

The White House has not taken over any student loans since 2009. The President’s Executive Order 13303 stated that all student loans would have to be repaid directly to the lender. He did, however, give Secretary of Education Arne Duncan the authority to provide relief measures for borrowers who face hardship circumstances beyond their control. In January 2014, Treasury Secretary Jack Lew announced that he had provided $17 billion in additional capital for the Department of Education to offer more flexible repayment options to struggling college graduates and parents.

Yes

The original bill was introduced in July 2010 and supported by then-Senator Barack Obama. His signature on the bill put it into effect just before his last day in office. The law has been amended several times since it was signed, including the addition of income restrictions and a cap on student debt. However, some critics argue that these changes don’t go far enough.

No

This is not true. While the FAFSA does require parents to list any student loan debt they may owe, it does not force them to disclose what type of loan it is. Most people find out about their student loans once they receive their tax return from the IRS. Those who fail to disclose their loans could risk having their tax refund garnished.

No

When the bill was written, Rep. John Kline of Minnesota sponsored H.R. 2578, which contained language stating that no family’s taxes would be affected if their children took out student loans. The provision was added to prevent the family from paying higher taxes due to the higher-than-normal cost of education. When the bill came across the Senate floor, Sen. Dick Durbin of Illinois offered an amendment to remove the provision. The amendment passed, but the language was retained in the final version of the bill.

No

While this is technically correct, it isn’t accurate either. Since June,June, 2011, the student loan interest rate has remained below 5 percent. The average undergraduate borrower has approximately $26,500 in outstanding student debt.

No

There is currently no plan to change the current structure of the GSL market. The administration is only considering how to strengthen the federal loan servicing system to protect borrowers in crisis situations.

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