There are two programs here. The first is income-based repayment. Under current law, graduates with student loans can opt to pay 15% of their income for 25 years instead of a monthly student loan repayment based on the cost of the loan. In the reconciliation sidecar to the Affordable Care Act, actually, this was reduced to 10% of income, starting in 2014. The plan announced under executive authority moves that date up to 2012, and changes the debt forgiveness end date to 20 years from 25. This would only benefit those who graduate college between 2012 and 2014; people who have already graduated or who are in repayment won’t benefit from this change. The Administration claims that 1.6 million graduates would be eligible for the new program.
|By: Jane Hamsher Thursday September 22, 2011 10:05 am|
An email chain turned over by the Department of Homeland Security in response to a subpoena in the Dan Choi case reveal that it was the White House that tipped off the Secret Service with the information that 3 days later there would be a DADT protest in front of the White House. Brian Bond, Deputy Director of Public Engagement, sent an email to then-Deputy Chief of Staff Jim Messina, Dan Pfeiffer, Melody Barnes, Tina Tchen, Dan Pfeiffer, Shin Inouye and others telling them he had it on “pretty good authority” that “Choi will be a part of it.”
|By: David Dayen Thursday July 15, 2010 2:00 pm|
Barnes said, “We don’t have to make a choice between reform and making sure teachers are able to stay in the classroom,” and that if the education jobs fund got paid for with a sliver of stimulus money dedicated to the Race to the Top program, they would recommend a veto.