President Joe Biden asks student-loan borrowers to 'do their part' in preparing for payments to resume on May 1 as pressure for broad cancellation ramps up again

Image Credit: Drew Angerer/Getty Images

Biden extended a student-loan-payment pause an additional three months through May 1.

He said borrowers should use this extra time to prepare for the resumption of payments.

But some lawmakers and advocates said this extra time should be used to cancel student debt.

Last month, President Joe Biden gave 43 million federal student loan borrowers an additional three-month Christmas present.
While the president said borrowers should use this extra time to prepare for resuming payments on May 1, some lawmakers and advocates have said it should be used to write off student debt instead.

On December 22, the Education Department announced it would move the target date for resuming student loan repayments from February 1 to May 1, citing the Omicron coronavirus variant as the main reason for the change. Without specifying whether this  would be the "final" extension, contrary to the August announcement, Biden urged federal borrowers in a statement to use the extra time to prepare for repayment in 90 days.

“As we take this step, I also call on all student loan borrowers to do their part: make full use of the resources of the Department of Education to help you prepare for the resumption of payments; examine options for reducing payments through income repayment plans; explore the public service loan remission; and make sure you're vaccinated and boosted when you're eligible, ”Biden said in December.
Education Secretary Miguel Cardona echoed the sentiment, saying in a statement that the ministry "will continue to provide tools and support to borrowers so that they can participate in the repayment plan which is sensitive to their needs. financial situation, like a plan.The extension adds to the nearly $ 12 billion  student debt that Biden has written off for targeted groups of borrowers, such as those scammed by for-profit schools, since taking office.

Leading lawmakers on the massive student debt cancellation have applauded Biden's extended suspension of payments. Senate Majority Leader Chuck Schumer, Massachusetts Senator Elizabeth Warren and Massachusetts Representative Ayanna Pressley said in a statement the hiatus allowed borrowers to "make ends meet" and pay for basic necessities, but they still wants Biden to carry out his loan forgiveness campaign.

"We continue to call on President Biden to take executive action to write off $ 50,000 in student debt, which will help close the racial wealth gap for borrowers and accelerate the recovery of our economy," said the legislators.

Yesterday President Biden announced he was extending the pause of student loan payments for 90 days.

Today would be a great day for a follow-up announcement that he's going to <a href="https://twitter.com/hashtag/CancelStudentDebt?src=hash&ref_src=twsrc%5Etfw">#CancelStudentDebt</a>!
— Chuck Schumer (@SenSchumer) December 23, 2021

Supporters of student loan cancellation agree. Natalia Abrams, president of the Student Debt Crisis Center, said in a statement that the Omicron variant is "a chilling reminder that the pandemic is still a serious concern and that Americans cannot be crushed by student debt as they shoulder this health and economic crisis.

While Biden has pledged during his campaign to approve a $ 10,000 student loan forgiveness, he has yet to deliver on that promise, and some lawmakers have said it could cost the majority over Democrats in the 2022 midterm election.
Alexandria OcasioCortez of New York said last month that it was "really illusory" to think Democrats can be re-elected if they don't act on priorities voters, such as student debt.

Vice President Kamala Harris addressed supporters' concerns in a “Face the Nation” interview late last month, he said. must continue to be "vigilant" on the issue, but has not provided for specific means to obtain relief for borrowers.
“Well, I think we need to keep doing what we're doing and figure out how we can creatively relieve the pressure students are feeling because of their student loan debt,” Harris said.

source https://techncruncher.blogspot.com/2022/01/president-joe-biden-asks-student-loan.html

The Silent Revolution of On-Device AI: Why the Cloud Is No Longer King

Introduction For years, artificial intelligence has meant one thing: the cloud. Whether you’re asking ChatGPT a question, editing a photo with AI tools, or getting recommendations on Netflix — those decisions happen on distant servers, not your device. But that’s changing. Thanks to major advances in silicon, model compression, and memory architecture, AI is quietly migrating from giant data centres to the palm of your hand. Your phone, your laptop, your smartwatch — all are becoming AI engines in their own right. It’s a shift that redefines not just how AI works, but who controls it, how private it is, and what it can do for you. This article explores the rise of on-device AI — how it works, why it matters, and why the cloud’s days as the centre of the AI universe might be numbered. What Is On-Device AI? On-device AI refers to machine learning models that run locally on your smartphone, tablet, laptop, or edge device — without needing constant access to the cloud. In practi...

Apple’s AI Push: Everything We Know About Apple Intelligence So Far

Apple’s WWDC 2025 confirmed what many suspected: Apple is finally making a serious leap into artificial intelligence. Dubbed “Apple Intelligence,” the suite of AI-powered tools, enhancements, and integrations marks the company’s biggest software evolution in a decade. But unlike competitors racing to plug AI into everything, Apple is taking a slower, more deliberate approach — one rooted in privacy, on-device processing, and ecosystem synergy. If you’re wondering what Apple Intelligence actually is, how it works, and what it means for your iPhone, iPad, or Mac, you’re in the right place. This article breaks it all down. What Is Apple Intelligence? Let’s get the terminology clear first. Apple Intelligence isn’t a product — it’s a platform. It’s not just a chatbot. It’s a system-wide integration of generative AI, machine learning, and personal context awareness, embedded across Apple’s OS platforms. Think of it as a foundational AI layer stitched into iOS 18, iPadOS 18, and m...

Billionaire clothing dynasty heiress launches Everybody & Everyone to make fashion sustainable

Veronica Chou’s family has made its fortune at the forefront of the fast fashion business through investments in companies like Michael Kors and Tommy Hilfiger . But now, the heiress to an estimated $2.1 billion fortune is launching her own company, Everybody & Everyone , to prove that the fashion industry can be both environmentally sustainable and profitable. There’s no argument about the negative impacts of the fashion industry on the environment. The textiles industry primarily uses non-renewable resources — on the order of 98 million tons per year. That includes the oil to make synthetic fibers, fertilizers to grow cotton, and toxic chemicals to dye, treat, and produce the textiles used to make clothes. The greenhouse gas footprint from textiles production was roughly 1.2 billion tons of CO2 equivalent in 2015 — more than all international flights and maritime shipments combined (and a lot of those maritime shipments and international flights were hauling clothes). The lit...

Best Tech News Site

Search This Blog