Thanks to vagaries of the accounting world, Donald Trump’s administration had a chance in the final weeks of the presidential race to cancel more than $200 billion of student loans with no immediate hit to the Department of Education’s massive portfolio. Yet it didn’t do it.
Now, perhaps Joe Biden will.
For years, bean counters at the department have been writing down the value of its $1.4 trillion portfolio of student debt as they adopted ever-more-pessimistic views of how much borrowers will repay. In September, the analysts made their biggest adjustment yet, valuing loans at just 82 cents on every dollar owed, down from 104 cents in 2015, records show. The debt is now worth $258 billion less than the amount outstanding.
குரங்கு வால் தாடி ; 2021 ஆம் ஆண்டில் ஆண்களுக்கு புதிய வரவு virakesari.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from virakesari.lk Daily Mail and Mail on Sunday newspapers.
Pine Belt residents share 2021 New Yearâs resolutions
Pine Belt residents share 2021 New Yearâs resolutions By Melissa Rademaker | January 1, 2021 at 7:24 PM CST - Updated January 1 at 7:24 PM
HATTIESBURG, Miss. (WDAM) - The new year offers a fresh start and many people are taking the opportunity to make changes in their lives.
âMy resolution for this new year is to try to be helpful to people more than I have been in this previous year,â Mike Pierce said. âAnd as a son of elderly parents, Iâve found thatâs a place I can really put my energy and perspective to work next year.â
Stay alive and survive : Ski resorts brace for a pandemic season bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Dreading the Next âCode Blueâ as California Hospitals Fill to Overflowing
Last Updated
Jan. 9, 2021, 10:40 a.m. ETJan. 9, 2021, 10:40 a.m. ET
New England governors appeal for caution over the holidays. The U.S. will require all airline passengers arriving from Britain to test negative for the coronavirus.
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At Martin Luther King Jr. Community Hospital, carols sung by members of the Los Angeles Opera have been replaced with a video by a street choir from Skid Row. So many patients are streaming into the hospital that gurneys have been placed in the gift shop, and the entire lobby is now a space to treat patients. The waiting room is a tent outside.