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Here are 5 Ways Being Lazy Can Hurt Us Financially

Written by adminSeptember 3, 2019

We don’t intend to hurt anyone’s feelings by saying you’re lazy, but all of us have a few areas in which we could try a little harder. Face it: being lazy has cost us financially. We’ve made bad decisions and moves simply because we didn’t put a little more work into finding alternatives or we just went with the first option to get it over with.

Let’s take a look at 5 ways being lazy can hurt us financially:

1) Going to the Wrong ATMs

Do you often need to stop at the ATM to grab some cash? Most of the time, we’ve had to pay large fees to do just that. The average amount people are paying to pull money out of the ATM is $4.25. That might not seem like a lot, but it really adds up over time! If you use ATMs associated with your bank, most of the time, those transactions are free. This really shows how not just settling for any ATM can cost us in the long run.

2) Stopping by the Convenience Store

Yes, these stores are, well, convenient! The last thing you want to do is stop by the grocery store on your way home. Instead, you might stop at one of these stores or even at a Rite Aid or Walgreens to grab that gallon of milk or a few other items. The problem with this is, these stores overcharge for the convenience they offer. What only costs $2 at the grocery store can be $7 at a convenience establishment. Regularly stopping at these places means you are vastly overpaying for these items.

3) Bothering with Online Meal Kits

Millions of people order their food online through Blue Apron, Hello Fresh, and other companies. It might seem convenient as you get precise ingredients sent directly to your door. But recent surveys found that people who use these companies spend 21% more than you would if you just bought them yourself at the grocery store. Again, it’s all about the convenience of having the food shipped to your door, so it’s up to you to decide if it’s worth the extra cost. You’re certainly not saving money by going this route.

4) Ignoring Your Junk Mail

Most of the time, we immediately toss our junk mail. We get a lot of it, so it can be difficult to sort through it all, but by doing exactly that you can save yourself a lot of money. Stores have weekly sales and clearances. You can save a ton of money every week, taking advantage of the sales and knowing which stores to shop at.

5) Cut Your Own Fruits and Veggies

Have you ever gone to the store and bought fruits and veggies because they were already pre-cut? It can be a hassle doing it yourself, but you can end up paying as much as three times the price. Again, the convenience factor really adds to the price.

Written by adminAugust 27, 2019

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There’s clearly no love between Elizabeth Warren and Pres. Trump as they differ in just about every issue. The president recently did something that Warren wasn’t too happy about: hiring Robert Cameron as the newest student loan ombudsman. In fact, the move angered her so much that she sent three letters to the Consumer Financial Protection Bureau, Treasury Secretary Steve Mnuchin, and the newest ombudsman himself.

Warren claims that Cameron is scandal-plagued, corrupt, and should never be the newest student loan watchdog. This position was created solely for the purpose of protecting students who take out student loans. There’s a lot of predatory behavior in the student loan game is minds Americans have been suckered in by false ads and scammed by their lender.

It’s the job of the ombudsman to gather together all the complaints and help settle any disputes that have occurred. But according to Warren, Trump chose the wrong person for the job as he himself has a history of corruption within the industry. It’s also Cameron’s job offer advice to Congress, the Treasury Secretary, and even the CFPB on how to improve how the student loans are done.

The Burden of Debt is Crushing

Currently in the United States, 44 million Americans owe $1.6 trillion in student loan debt. This is a major burden and a crisis that is hurting our economy as crushing our young adults who are attempting to get started in life. The last thing they need to do is to graduate tens of thousands of dollars in debt.

Studies have come out revealing that many young Americans are putting off major life decisions such as getting married, buying healthcare, starting a business, saving for retirement, and even having children. Many are choosing to move back in with their parents because they simply cannot afford to pay their student loans and live on their own.

Chairman of the Federal Reserve, Jerome Powell, testified in a hearing that the student loan crisis could cause long-term ramifications and even drag on the US economy in the future. Student loan debt has become a major talking point among 2020 presidential candidates. Warren is one of the candidates who wants to eliminate almost all of the student loan debt out there, mostly for lower income borrowers.

In Warren’s mind, appointing Cameron to the position is “mind-boggling.”

“A former PHEAA executive’s appointment to the role represents the worst form of revolving-door corruption and conflict of interest, and it epitomizes industry capture of our government. Given Mr. Cameron’s responsibility for PHEAA’s compliance with federal law, regulations, and programs, and PHEAA’s record of compliance failures, it is clear that student-loan borrowers cannot count on Mr. Cameron to uphold their interests,” she writes.

Warren then called on Secretary Mnuchin to deny Cameron’s appointment. Whether he will listen is probably doubtful.

Written by adminJuly 24, 2019

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Sometimes reality is stranger than fiction. It’s moments like these that make us wonder if coincidence is a real force of nature in this giant world of ours. Maybe there is a force at work greater than our own understanding. Either way, when strange things happen, we all grow excited and make the event go viral.

Sometimes, the coincidence might be mild, but it stops us in our tracks. In this case, it brings a smile to our faces. J’Aime Brown was a baby girl born in St. Louis, Missouri on July 11^th, which makes her date of birth 7/11. This also happens to be 7-11 day where the country gets a free Slurpee from the convenience store 7-Eleven.

But this is where the story gets interesting. J’Aime wasn’t just born on 7/11. She also weighed 7 pounds and 11 ounces! And the time she was born? You guessed it: 7:11 PM. Now, J’Aime is referred to lovingly as the “7-Eleven Baby” and the story has gone viral for all the right reasons. Talk about one major coincidence!

7-Eleven Does the Right Thing

As this story broke on social media, the convenience store chain 7-Eleven made an awesome and kind gesture to the family. They said J’Aime will be taken well care of well into adulthood. Not only did they give the family childcare necessities, they also started a college fund so she doesn’t have to worry about taking out student loans when she’s older.

The parents of this new baby girl couldn’t be more thrilled. Johntez Brown and Rachel Langford consider their mood ‘overjoyed.’ Yet, it gets more interesting when you hear the mother tell her story. She claims she kept seeing the numbers “7” and “11” constantly. This isn’t an uncommon phenomenon.

“I thought it was weird at first, and I didn’t know that (the numbers) meant so much,” she said. “A lot of the times (during the pregnancy) I would look at the clock and it was 7:11.” Langford did not immediately respond to a request for comment from USA TODAY.

“After catching wind of the incredible news, 7-Eleven decided to pledge $7,111 to the newborn’s college fund to honor her entry to the world,” 7-Eleven told USA TODAY. “Along with this pledge, the brand has also provided the family with diapers, 7-Eleven onesies and other newborn goodies to help her parents along the way.”

Written by adminJuly 22, 2019

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Auto accidents are quite a common occurrence. When you consider how many millions of cars are on the roadway each passing second, it’s no wonder why we have so many crashes. In fact, you’ll probably have 3-4 accidents yourself within the span of your lifetime. Still, nearly every accident can be prevented and you can better your chances of never being in one by knowing the most common types of accidents and how to prevent them from happening.

Let’s take a look at the 5 most common types of auto accidents and how you can prevent them from happening to you.

Accident Type #1: The Rear-Ender

Rear-end accidents usually happen due to someone being distracted. It happens when one car rams into the back of another and accounts for 29% of all traffic accidents. Studies conducted on rear-end crashes predictably revealed that in most cases, someone wasn’t paying attention to what was going on in front of them. Their eyes were diverted and didn’t see there were other cars in front of them who had come to a stop.

To prevent a rear-end accident, you should always keep your attention forward, only glancing away for a second or two at a time to check your mirrors. Always be aware of your surroundings and refrain from being distracted by little things. If you need to answer the phone, pull over at a safe place to do it. Otherwise, it can wait.

Accident Type #2: The Parked Car

As embarrassing as it is, we’ve all probably hit a parked car at least once in our driving experience. If not, then you’re one of the lucky ones! But in tight spots, like mall or grocery store parking lots, it’s quite common for cars to hit or be hit, even when parked. As common as this is, there are several ways to prevent it from ever happening.

The first is by knowing the size of your vehicle. If you have a larger vehicle or if you want to prevent yourself from getting hit, then you might just have to make a parking sacrifice. Stay away from the front of establishments where most of the congestion happens. Everyone is always fighting for prime parking, so just park near the back and save yourself the hassle. By the time you find a spot near the front, you could’ve already parked and been inside.

Also, don’t just rely on mirrors. If you’re pulling into or out of a tight spot, get out and look.

Accident Type #3: The Crazy Animals

Sometimes it seems like animals WANT to get hit. You try to avoid them, but they run right into you head on. If you’ve never hit an animal on the road before, you’re lucky not to feel the guilt, frustration, and panic that comes with knowing you’re about to hit and possible kill this tiny woodland creature. You’re moving fast and they aren’t doing anything. Do you try to dodge it? Is someone driving to the immediately left so you can pull into that lane?

It’s obvious that animals won’t follow the rules of the road and they are even more clueless about what to do next than you are. The odds are, they will move first. The safest course of action is to not take any. Maintain your speed and keep moving forward. What often accounts for a minor situation can get out of hand if you swerve and hit the car next to you or you lose control altogether. In a lot of cases, the animal will take action to avoid you.

Accident Type #4: Getting Hit from the Side

According to statistics, side-crashes, otherwise known as “T-Bone” crashes, account for about 27% of all accidents. These occur mostly when someone is pulling out too soon or someone runs a light and gets hit directly on the side of the vehicle. T-bone crashes can be avoided simply by paying attention at intersections and not being in a rush. Don’t try to rush the light and respect that everyone gets a turn. Also, slow down before entering an intersection.

Accident Type #5: It’s Slick Out

It’s been estimated that as many as 1-in-6, or 22% of all accidents are caused by bad weather. You might be thinking there’s nothing you can do about bad weather, but there’s a lot you can do when the worst happens: stay home. Seriously, there are a lot of people who feel the need to go out during a major ice storm, blizzard, or other bad weather event and often regret it.

If you have no choice and can’t avoid the bad weather driving, then do yourself a favor and give it a lot of extra time and patience. Drive 20 MPH under the speed limit, allow for slick roads, don’t make any sudden maneuvers you’ll have to overcorrect from, and be prepared to make emergency stops. You never know if there’s another accident that stops all traffic or if someone else will lose control in front of you.

In order to keep the roads safe for everyone, we must follow the rules and drive as safely as possible. Always take your time and drive defensively rather than offensively. By paying attention to your surroundings and not becoming distracted, you can prevent the majority of accidents that might happen in your lifetime.

Written by adminJune 26, 2019

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Teachers have a difficult task at hand. They not only teach students about the basic fundamentals, like math and reading, but they also work hard to prepare our little ones for life in general. A teacher’s success can seem limited, though, when you consider how fast the world is changing and the lack of attention and funds that go into our schools.

There are simple tools and techniques we can use at our disposal to help ensure our kids are prepared for adulthood. In fact, their time in school is their first glimpse of the outside world away from the comfort of their homes. Here are four ways we can help prepare our kids for life and for success in whatever field they choose.

#1: Give students incentives to study.

One amazing fact about kids is, they’re all different and unique in their own special ways. Certain subjects will be more difficult for some students than for others. A lot of schools use the satisfaction of good grades as a motivating factor to do well, but that often doesn’t translate well in the real world. It also doesn’t give attention to the students who studied harder to grasp a concept than those who picked it up quickly.

This idea is difficult and can be discouraging for those who often fall behind. They’re seen as lazy and are punished rather than encouraged for the extra work they put in. Over time, a student will simply accept that they are a “C” student and are comfortable with that existence. It can lead to more problems down the road, including a loss of confidence.

#2: Do away with policies that discourage effort.

One way a lot of schools work to increase the graduation rate is to offer a lax set of rules for allowing students to choose and design their own workload. While it’s understandable that this might contradict the first point made about students working at different paces, this strategy discourages higher learning at any level.

Students who can just choose to evade subjects they don’t want to learn, take easier courses as alternatives to the core curriculum, and awarding those students diplomas simply for having the required number of credits does absolutely nothing to prepare them for life outside the school’s walls. In fact, it does the opposite. It allows for laziness to creep in and when that student enters the real world, they will not be given the same opportunities to ‘take it easy’.

#3: Teach methods that allow students to overcome peer pressure.

Even with elementary school students, peer pressure can offer a profound impact on how students treat their learning opportunities. In a lot of ways, if a certain student does well, studies hard, and participates in class, they are ridiculed and bullied. They may feel the pressure to slack off in class and not be as open in their learning as they should be in fear that the same will happen to them.

This may lead to bigger problems down the road when a student attends school/college simply for a sports-related endeavor and/or to achieve various levels of popularity. Schools can better prepare a student by using peer pressure to their advantage, such as enlisting peer groups to help influence like-minded students to encourage each other in their academic pursuits.

#4: Don’t make it too easy.

As pointed out in the first point, a lot of students are disadvantaged when it comes to learning various subjects. Where it’s necessary to offer incentives for better studies, a lot of schools just outright cut any attempts to encourage higher learning. This is often done in an attempt to save the student’s self-esteem or even because they don’t want to put in the extra effort.

By allowing students a free pass to get out of any subject they deem too difficult does nothing but set a dangerous precedent later in life. Instead, figure out new ways to teach those students in ways that speak to them. There is no ‘black and white’ way of learning. There’s a whole spectrum of ways to teach that can help those who have a tougher time learning.

#5: Teach them about money.

This is one area where parents are severely lacking. Most teenagers and young adults brought up today know very little about the financial world. They don’t know how to balance a checkbook or understand the virtues of saving. This lack of education will cost them severely down the road.

Take the time to teach your children about how credit works, why they should save their money, and how not to become big spenders. If they’re going to be successful in life, then this is one major lesson they need to learn. Don’t just give them everything they want, either, but rather allow them to develop the tendency to earn what they do get.

Being a teacher is one of the most rewards jobs on the planet. There’s no doubt that it’s also one of the toughest. There seems to be a trend as of late to make schooling easier, less complicated, and designed to just push those who have trouble learning through the system. In the end, that does nothing to prepare them for life.

They will go into the world lacking proper problem-solving skills to handle the difficult times. Offer incentives and teach in ways that speak to each individual student. You’ll be amazed at the results and how eager they will be to learn if it’s done in the right way for their brain to interpret.

Written by adminJune 26, 2019

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There were a lot of high expectations for Toy Story 4. It reunites an all-star cast in a time when big sequels and remakes are all the rage in Hollywood. Despite being disappointing by not reaching expectations, the movie did pull in a respectable $118 million during opening weekend and it’s a number the Pixar team should be proud of.

It appears as if sequels have not been doing too well lately. Hollywood’s fix for unoriginal ideas is to keep bringing back the big characters that have sold well before. Disney and Pixar didn’t really need a huge hit on their hands. They still reign supreme currently. Disney was also hoping to push Avengers: Endgame this weekend into the #1 of all time slot.

Toy Story 4 is only the third movie this year to hit triple-digit million-dollar hauls opening weekend and is still a top debut for an animated movie. Also still in the mix is Disney’s “Aladdin” remake, which crossed the $800 million mark. It would appear as if Disney might have way too many hands in the cookie jar currently. Still, Toy Story 4 is a hit.

“Audiences are loving this movie,” said Paul Dergarabedian, a senior box office analyst at Comscore. “That should portend long-term playability for the film. [Pixar] can build on this perception of quality that should carry it forward quite nicely.”

Disney’s Continued Dominance

Currently, Disney films are making up about 30% of the year’s total market share. That’s a lot of money! After their merger with Fox and other dominant outings, Disney is poised to have its best year on record. They’re even responsible for the four largest movies out this year, with Avengers: Endgame, Aladdin, Captain Marvel, and now Toy Story 4. This is all while the year-to-date ticket sales have been average downward.

In the coming weeks and months, we expect Disney to continue pushing out content. With their release of Disney+ later this year, they’re also pushing out their live version remake of The Lion King, Star Wars: The Rise of Skywalker, and Frozen 2. It’s currently all hands on deck for the Disney crew. They’ve spent billions acquiring all of these properties and it has paid off for them in a major way.

“When you’re at the top of your game, that’s the blessing and the curse,” Dergarabedian said. “Everything you do is under a brighter spotlight.”

The problem with Toy Story 4 most likely is a little franchise fatigue. An $118 million opening weekend is far from being a failure, but there is just so much out there right now to choose from, especially with the likes of Godzilla and other mega-franchises still in theaters. Still, Toy Story 4 revealed the best opening of the franchise, so there should be no worries about whether this franchise is still a hit. It is.

Written by adminMay 22, 2019

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While President Trump is fully content putting full pressure on China for a new deal, that pressure is returned back onto U.S. businesses. Tariffs hurt everyone. They make everyday products we buy and sell much more expensive. In that way, tariffs are taxes. Both the Chinese and U.S. citizens are feeling the crunch as this trade war continues between the two largest economic powers the world has ever seen.

One industry reeling from this latest round of tariffs are shoe companies. They feel as if adding a 25% tariff on footwear to the $300 billion worth of Chinese goods is ‘catastrophic’. So, 170 footwear companies got together and wrote a letter to the president to convince him not to add their products to the list.

“As leading American footwear companies, brands and retailers, with hundreds of thousands of employees across the U.S., we write to ask that you immediately remove footwear from the most recent Section 301 list published by the United States Trade Representative on May 13, 2019. The proposed additional tariff of 25 percent on footwear would be catastrophic for our consumers, our companies, and the American economy as a whole,” the letter states.

Tit for Tat Trade War

As President Trump threatened to increase more tariffs after China wasn’t giving in to his trade deal, China decided to retaliate. They stuck $60 billion worth of U.S. goods with a tariff on their own. Both sides escalating each other is even worse news for consumers. These tariffs are set to take place on June 1^st.

Some of the big names who signed the letter include Nike, Adidas, Under Armour, and Crocs. New Balance was one big name absent from the letter, as it’s believed their CEO is a Trump supporter. In the letter, these companies point out that the tariffs will hit hardest the most vulnerable consumers in the country.

“High footwear tariff rates fall disproportionately on working class individuals and families. While U.S. tariffs on all consumer goods average just 1.9 percent, they average 11.3 percent for footwear and reach rates as high as 67.5 percent. Adding a 25 percent tax increase on top of these tariffs would mean some working American families could pay a nearly 100 percent duty on their shoes. This is unfathomable,” the letter continued.

Made in China

It’s estimated that nearly 84% of all footwear sold in the United States is made in China. That means the entire footwear industry is set pay a heavy price. But one can already see President Trump’s response to the letter. He already told the steel and auto industries to make more products in the United States.

Relying on foreign companies to make cheap products is not his path to economic superiority or a way to create more U.S. jobs. That means Trump is less likely to give in to the demands by these shoe companies to exempt them from the tariff list. The economic impact is currently unknown, but everyone is hoping the two countries sign a new trade deal quickly.

Written by adminMay 10, 2019

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Taking the Flooring Approach for Retirement

Planning for retirement is difficult, primarily because you don’t know how the economy will change. The stock markets fluctuate, different laws are passed over time, and that makes speculation and preparation all the harder.

What is certain is that saving up to meet your goals for the twilight years will rarely go according to plan.

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If your intention is to maintain a high-risk investment portfolio to generate retirement income, it is difficult to speculate how long that money will last. Bill Bengen, a financial planning practitioner, recommends a 4 percent withdrawal method.

This takes into account the average return as well as the sequence of returns. Once you start taking withdrawals in retirement, it is important to note that bad returns can deplete a portfolio extremely quickly.

Once most of us get to retirement, running out of money probably isn’t an option. We would like some form of safety net before even considering retirement. Most retirees rate a desirable quality of life in their twilight years as having income to cover their basic needs like housing, health care, food, and taxes.

What Is The Flooring Approach?

The gist of the flooring approach is to first lay the foundation for basic living expenses. This essential approach requires creating a secure retirement income rather than investing in a high-risk portfolio.

The first thing to do will be to determine the basic expenses per year during your retirement and making sure you’ve covered these mandatory expenses. For other expenses, you can still invest in the markets to create some side income for your retirement portfolio.

To generate this secure income, prospective retirees will have to look outside of the stock market. Using the flooring approach, retirees can lay the foundation with pensions, annuities, and bond ladders. But with the low interest rates in the current markets, building a large floor becomes more difficult.

For most retirees, social security provides the natural floor. Generally considered a secure form of income, social security helps protect retirees from complete retirement failure. Even when a retiree runs out of assets to invest, this is the safety net.

It’s Not For Everybody

Generally if you are worried about longevity risk, it is more appealing to use the flooring strategy. Annuities and lifetime income sources become more valuable the further you get into retirement.

However, you have to be careful of committing yourself to just one lifetime income option. The common downside of certain annuities is the restrictions on liquidity and the fees that come with trying to cash in early on the policy.

Make It Work For You

The smart way to do it will be to consider diversification. Look at working with a financial advisor who can build out a comprehensive retirement plan. And be prepared to ask the tough questions regarding the annuity cost and how to create a secure nest egg for yourself.

In summary, a solid flooring approach will allow your retirement portfolio to last a long time. It will create an income flow to meet your basic expenses, and give you the reassurance of security as well.

And as always, if you need advice on creating your flooring approach, the Financial Helpers are ready to assist you.

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Written by adminApril 8, 2019

Politics , Uncategorized

The White House has recently issued a proposal that could deny food stamps to the nation’s poorest people. SNAP, the Supplemental Nutrition Assistance Program has some guidelines to its application. One of those guidelines are employment requirements that must be met.

Due to the Great Recession, we saw many states over the past decade wave work requirements for SNAP. It made it a lot easier for struggling people to get the food benefits they needed to survive. Trump’s proposal would, in effect, prevent states from waiving that requirement.

That could push as many as 750,000 off the SNAP program. Karen Cunnyngham, a researcher into this proposal, told the House subcommittee of the dangers of this proposal. She said those hit the hardest would be people who work, but barely make $557 per month.

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Food Stamps Requirement

According to the law, if you’re non-disabled and are of a working age, you must have a job or be training for a job to receive food stamps. If you’re currently not working but are able to work, you can only receive benefits for three months out of 36. In many instances, states have waived these requirements.

This is all part of Trump’s initiative to add more work requirements to benefit programs. He believes these sorts of requirements will help weed out the people who can work but refuse to do so. At the same time, it also creates more barriers for people who have a difficult time finding gainful employment.

“Those subject to the time limit have profound barriers to employment,” said Lisa Hamler-Fugitt, executive director of the Ohio Association of Foodbanks. People who have physical or mental limitations but not classified disabled, don’t have reliable transportation, or failed to attain their GED. Either way, there are plenty of people out there who would struggle to meet food stamps requirements.

Still, the republicans believe rules like this exist for a reason. Forcing able-bodied people to work will help move them out of poverty.

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“Work has dignity. Work is opportunity. It’s not a dirty word,” said Rep. Dusty Johnson of South Dakota, the nutrition subcommittee ranking member. “Able-bodied adults cannot be kept on the sidelines while we witness historically low unemployment and a record-high seven million open jobs.”

Written by adminNovember 16, 2018

Student Loan Consolidation , Uncategorized

Education Secretary Betsy DeVos is at it again. Despite losing a lawsuit last month forcing her hand, she still not following the judge’s orders. She was supposed to uphold the law offering student loan forgiveness to students who were defrauded. Instead, she still collecting these loan payments and not providing the assistance students need.

Now, she’s being sued yet again by the Housing and Economic Rights Advocates (or HERA). The California-based student rights advocate who’s making the claim that DeVos is ignoring the judge’s ruling. DeVos was supposed to start issuing student loan forgiveness immediately but hasn’t.

There are thousands of borrowers who attended for-profit schools that used predatory tactics to get them to sign up. That’s why the Obama administration created the Borrower Defense Rule to allow students to fraud by the schools to receive student loan forgiveness. That was until the Trump administration took over and wanted to do things a different way.

If you have a question about whether you qualify for student loan forgiveness, give us a call! We here to answer any questions you have. You can reach us at:

Call Now 844-332-2079

Previous Student Loan Forgiveness Lawsuit

President Trump and Betsy DeVos didn’t want to offer full student loan forgiveness. Instead, they wanted to base decisions upon the income of each student. Their argument was that it wasn’t fair for taxpayers to fit the bill of people who still got a degree and a job with that degree. Still, their idea flew in the face of a previous law.

19 states and the District of Columbia went into action. The Attorney General in those 19 states banded together to take DeVos to court to force her into offering full student loan forgiveness. This borrower protection program was supposed to take place starting on July 1st. Students who went to 1,400 now-defunct campuses are eligible for forgiveness.

According to the lawsuit:

Students should receive complete and in full student loan forgiveness. They should no longer have to pay back loans, principal, or collection costs after their campus closes. They should also receive a refund for any payments that they’ve made towards their loan. This includes wage garnishments and refund offsets.

Plaintiffs are also asking that students be eligible to once again receive Pell grants. They should clear any credit issues as a result of this problem. Students have been going through these problems for years and the government has done nothing to step up and help them.

DeVos isn’t Playing Ball

DeVos, of course, disagrees with the ruling. She says that the borrower defense is both unfair to students and schools. She also claims that is confusing. Critics of this administration claim that DeVos is in the pocket of the big for-profit college industries. In fact, she pointed many CEOs of these for-profit schools when she was nominated education secretary.

“Fraud, especially fraud committed by a school, is simply unacceptable,” DeVos said in a statement in June. “Unfortunately, last year’s rulemaking effort missed an opportunity to get it right. The result is a muddled process that’s unfair to students and schools, and puts taxpayers on the hook for significant costs.”

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Her goal is to create a program that’s fair for both the students and the schools. No one wants to deny students taken by predatory practices, but loans must be paid back. If you got a degree, should taxpayers’ foot the bill? DeVos is in favor of a new program that would cancel only a portion of the students that.

This portion would be based upon the income of students who graduated with the same degree. To her, this is a fair compromise. The education department claims this would save $12.7 billion over the next decade. But it goes against the borrower’s defense rule that is law. The law states that students are eligible for full student loan forgiveness.

The question now remains what the Trump administration will do going forward. It’s apparent they are against student loan forgiveness. They attempted to cut it out of last year’s budget. We’ll keep you apprised of any new developments.

Food Stamps Requirement

Previous Student Loan Forgiveness Lawsuit

DeVos isn’t Playing Ball

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