News That Matters

Tag: student

Here are the colleges doing away with student loans, by state

Here are the colleges doing away with student loans, by state

Finance
Americans leave college today with more debt than ever before. Some schools are trying to reverse the trend by instituting a no-loans policy. Most recently, Michael Bloomberg, the former mayor of New York City, announced he would give $ 1.8 billion to his alma mater, John Hopkins University, so that the college can substitute loans for scholarship grants. "It will ease the burden of debt for many graduates," Bloomberg wrote in an Op-Ed for the New York Times. Student debt burdens Americans more than auto or credit card debt. The average graduate leaves school $ 30,000 in the red, up from $ 10,000 in the early 1990s. ...
Student borrowers battling cancer can now postpone their payments

Student borrowers battling cancer can now postpone their payments

Finance
Student loan borrowers with cancer can now pause their payments. Under the rule, included in a recent bipartisan congressional spending package, borrowers are exempt from student loan payments throughout their treatment for cancer and then for six months afterward. Additionally, interest will not accrue during the postponement. Some cancer patients can rack up an extra $ 45,000 in student debt during their treatments, according to Critical Mass: The Young Adult Cancer Alliance. "Cancer patients should not have to worry about their student loan payment...
US student detained in Israel for alleged boycott support

US student detained in Israel for alleged boycott support

World
In a groundbreaking case, Israel has detained an American graduate student at its international airport for the past week, accusing her of supporting a Palestinian-led boycott campaign against the Jewish state. The case highlights Israel's concerns about the boycott movement and the great efforts it has made to stop it. The grassroots campaign has made significant inroads in recent years, particularly among university students and millennials. Lara Alqasem, a 22-year-old U.S. citizen with Palestinian grandparents, landed at Ben-Gurion Airport last Tuesday with a valid student visa. But she was barred from entering the country and ordered deported, based on suspicions she is a boycott supporter. An Israeli court has ordered that she remain in custody while she appeals. The weeklong detent...
Defrauded student loan borrowers in limbo in wake of judge's ruling

Defrauded student loan borrowers in limbo in wake of judge's ruling

Finance
A tug-of-war between student borrowers hoping to get tens of thousands of dollars in loans they took out for their education discharged and the government may be a step closer to resolution. A federal judge ruled this week that repeated delays by Education Secretary Betsy DeVos of an Obama administration plan to provide debt relief to defrauded borrowers was unlawful. Judge Randolph D. Moss, a federal judge in Washington, D.C., said on Wednesday the Department's action was arbitrary and capricious. "We think this is an incredibly ...
Student charged in elaborate digital money theft scheme

Student charged in elaborate digital money theft scheme

Technology
A Massachusetts college student who was named his high school's valedictorian for his savvy tech skills hacked into unsuspecting investors' personal cellphones, email and social media accounts to steal at least $ 2 million in digital currency like Bitcoin, according to documents provided by California prosecutors Wednesday. Joel Ortiz was taken into custody July 12 at Los Angeles International Airport ahead of a flight to Boston, according to prosecutors. The 20-year-old faces more than two dozen charges including grand theft, identity theft and computer hacking, court documents show. He's held on $ 1 million bail. The Santa Clara County, California, public defender's office, which is representing Ortiz, declined comment. A number listed for his home in Boston was disconnected. The elabo...