Sections SEARCH Skip to content Skip to site index New York Subscribe Log In Subscribe Log In Today's Paper Advertisement Supported by New York Today ByJonathan Wolfe and Alexandra S. Levine Aug. 20, 2018 Good morning on this somewhat sunny Monday. To the New Jerseyans who commute to the city, our condolences. Beginning last Friday night, two lanes of Route 495 leading into and out of the Lincoln Tunnel were closed for repairs. (The work is expected to take two and a half years.) The thoroughfare, the only direct route into Midtown Manhattan from New Jersey, is one of the most heavily trafficked routes on the East Coast, shuttling 150,000 people a day across the Hudson River, according to the New Jersey Department of Transportation. [Read more about the repairs.] As people who take the tunnel adjust their commutes, other drivers can expect more cars in their lanes and less seats on public transit. Here’s what you need … [Read more...] about New York Today: Congestion for New Jersey Commuters
Student loans new york
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Stacy Cowley New York Times February 15, 2019 NEW YORK — An audit released by the Education Department on Thursday described its slipshod oversight of federal student loan servicers that were regularly let off the hook for mistakes, driving up costs for taxpayers and for borrowers already owing more than $1 trillion in debt.The department failed to track many mistakes by servicers, the contractors hired to send out monthly bills, keep track of what borrowers owe, and help them navigate repayment options. And when serious problems were discovered, the department rarely invoked its contractual right to dock servicers’ pay, the department’s inspector general said in its report.The result was a group of contractors that effectively regulated themselves, with no incentive to fix their repeated failures, the report concluded. Advertisement A … [Read more...] about Student loan servicers’ frequent mistakes went unpunished, audit finds
POLITICS 11/07/2018 06:40 pm ET Updated 1 hour ago Taiwanese-American John Liu and Indian American Kevin Thomas will serve in the state senate. By Kimberly Yam The New York State Senate finally has some Asian-American representation. Democrat John Liu, who was born in Taiwan, won the District 11 state Senate seat on Tuesday, defeating three other challengers. Indian-American attorney Kevin Thomas, who immigrated to the U.S. when he was 10 years old, beat out Republican incumbent Kemp Hannon for the state’s District 6 Senate seat. The wins are historic, as the pair are the very first Asian-Americans elected to New York’s state senate. Knocking on doors dressed up as a politician today 😉 #HappyHalloween #Flipitblue pic.twitter.com/HJ0HrnmJkE— Kevin Thomas for State Senate (@KevinThomasNY) October 31, 2018 Thomas told HuffPost that he is “deeply honored, humbled and proud to be the first Indian-American in the the New … [Read more...] about 2 Immigrants Become First Asian-Americans Elected To New York State Senate
Outstanding student loan debt increased by $37 billion in the third quarter and stood at $1.44 trillion as of September, according to a report from Bloomberg. The report cites newly released data from the Federal Reserve Bank of New York.Bloomberg pointed out that a 2012 report noted the delinquency rates for student loans are likely to be understated because about half of these loans are in deferment, in grace periods or in forbearance. This implies delinquency rates are roughly twice as high among loans counted in the repayment cycle, Bloomberg stated.The federal student loan program has surpassed a trillion dollars as students and colleges grapple with rising tuition costs, stagnant wages and low state investment in higher education nationwide. Meanwhile, the Government Accountability Office reported in September that only a small number of people have had their debt discharged under the program.Last month, U.S. Secretary of Education Betsy DeVos discussed the rapidly growing … [Read more...] about Outstanding student loan debt hits nearly $1.5 trillion: report
Sections SEARCH Skip to content Skip to site index U.S. Log In Subscribe Log In Today’s Paper U.S. | Elizabeth Warren Wants to Cancel Student Loans. Critics Wonder if That’s the Right Solution. Advertisement Supported by ByAnemona Hartocollis April 26, 2019 It has become a rallying cry of the left: College should be free, or, at the very least, should not come with mountains of debt. Senator Elizabeth Warren this week laid out one of the most ambitious plans yet, promising free public college and debt clearance for the majority of student loan holders. Cost: $1.25 trillion over 10 years, billed to the ultrawealthy. The announcement from Ms. Warren, a Massachusetts Democrat who is running for president, had many students and former students cheering. It also raised long-simmering questions about the cost and quality of higher education, and who should pay for it. Ms. Warren’s plan would offer a … [Read more...] about Elizabeth Warren Wants to Cancel Student Loans. Critics Wonder if That’s the Right Solution.