Starting May 5, the Department of Education is resuming debt collection on loans that went into default before the pandemic. ABC News’ Alex Presha and Alexis Christoforous report.

Subscribe to ABC News on YouTube: https://abcnews.visitlink.me/59aJ1G

Watch 24/7 coverage of breaking news and live events on ABC News Live: https://www.youtube.com/watch?v=gN0PZCe-kwQ&ab_channel=ABCNews

Watch full episodes of World News Tonight with David Muir here: https://youtube.com/playlist?list=PLQOa26lW-uI8ixlVw1NWu_l4Eh8iZW_qN&feature=shared

Read ABC News reports online: http://abcnews.go.com

ABC News Digital is your daily source of breaking national and world news, exclusive interviews and 24/7 live streaming coverage. ABC News is the home to the #1 evening newscast “World News Tonight” with David Muir, “Good Morning America,” “20/20,” “Nightline,” “This Week” with George Stephanopoulos, “ABC News Live Prime” with Linsey Davis, plus the daily news podcast “Start Here.”

—––
Connect with ABC News on social media:

Facebook: https://www.facebook.com/ABCNews
Instagram: https://www.instagram.com/abcnews
TikTok: https://www.tiktok.com/@abcnews
X: https://twitter.com/ABC
Threads: https://www.threads.net/@abcnews
WhatsApp: https://whatsapp.com/channel/0029VajTNakKWEKkXoAPIR11
LinkedIn: https://www.linkedin.com/company/abcnews

President Biden’s Department of Education has changed its guidance around who qualifies for student debt relief plan. Cenk Uygur, John Iadarola and Max Burns discuss on The Young Turks. Watch LIVE weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE: https://www.commondreams.org/news/2022/09/29/gut-punch-biden-pulls-student-debt-relief-millions-gop-states-sue

“Progressives on Thursday decried the Biden administration’s decision to exclude millions of people from its student loan relief plan, a move meant to thwart legal challenges like the lawsuit filed on the same day by six Republican-led states seeking to block President Joe Biden’s proposal to cancel up to $20,000 of federal educational debt per borrower.

Politico reports worries over legal challenges from the student lending industry prompted the U.S. Department of Education to reverse course and no longer allow borrowers with Federal Family Education Loan Program (FFEL) and Perkins loans—which are guaranteed by the federal government but held by private lenders—to participate in the debt cancellation plan.

Biden announced last month that his administration will forgive $10,000 in federal student loan debt for borrowers who attended college without Pell Grants and who earn less than $125,000 individually, or $250,000 as a household. Borrowers who received Pell Grants will have $20,000 in federal debt erased.”

***

The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET.

Help support our mission and get perks. Membership protects TYT’s independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks: ? https://www.youtube.com/TheYoungTurks/join

SUBSCRIBE on YOUTUBE: ? http://www.youtube.com/subscription_center?add_user=theyoungturks
FACEBOOK: ? http://www.facebook.com/TheYoungTurks
TWITTER: ? http://www.twitter.com/TheYoungTurks
INSTAGRAM: ? http://www.instagram.com/TheYoungTurks
TWITCH: ? http://www.twitch.com/tyt

? Merch: http://shoptyt.com

? Donate: http://www.tyt.com/go

? Website: https://www.tyt.com

?App: http://www.tyt.com/app

? Newsletters: https://www.tyt.com/newsletters/

If you want to watch more videos from TYT, consider subscribing to other channels in our network:

The Damage Report ? https://www.youtube.com/thedamagereport

TYT Sports ? https://www.youtube.com/tytsports

The Conversation ? https://www.youtube.com/tytconversation

Rebel HQ ? https://www.youtube.com/rebelhq

TYT Investigates ? https://www.youtube.com/channel/UCwNJt9PYyN1uyw2XhNIQMMA

#TYT #TheYoungTurks #BreakingNews

220930__TA01