For couples filing jointly, the cap would be around $250,000 or $300,000.
At the same time, he added, any broad-based forgiveness would be like saying that "a handful of people that are struggling here, let's get rid of the debt for everybody."Īn income cap on who qualified for any loan forgiveness would be a "no brainer," Gillen added, because it would help target the relief towards lower-income struggling debtors.īiden is reportedly considering capping forgiveness to those who earned less than $125,000 or $150,000 as individual filers the previous year, The Washington Post reported recently. "There there are people who are struggling to repay their debt, and we've got an existing set of solutions - and those solutions aren't working," he acknowledged, such as the massive failure of the income-driven repayment system. These include the overall cost and the fact that forgiveness does not directly address the core issue of rising college costs.Ĭancelling $10,000 or $50,000 across the board is "really badly targeted," Gillen said in an interview with Yahoo Finance. Some right-leaning academics, including Andrew Gillen of the Texas Public Policy Foundation, argue that there are a variety of problems with cancelling student loan debt. Every instance of a student loan was a voluntary choice that person made." "To my knowledge, everyone with student loans voluntarily took them. "How can we honestly ask people who did not go to college to subsidize the lives of those who did decide to go to college?" Bach added. And given that any broad-based forgiveness would cost tens of billions of dollars, all taxpayers - not just by those who have a college degree - would be contributing to the cost of cancellation. Research has shown that a college degree generally boosts an individual's earnings over their lifetime. "While some may view this debt forgiveness as a slap in the face to people who were responsible and paid off their student loans, this is a bigger slap in the face to those Americans who never went to college," Will Bach, a financial advisor based in Ohio, told Yahoo Finance. by AnonymousĪs the president weighs broad student loan forgiveness, some Americans expressing frustration over a policy they see as unfair. Check out the synopsis of Last Light below.
Last Light is coming to Peacock, but the limited series doesn't have a release date yet, but it's exciting knowing the wait for Fox's return to television is coming soon. Patrick Massett and John Zinman of Friday Night Lights and The Blacklist will serve as showrunners and executive producers.
“Just over a year ago, after recognizing the immense growth potential in the international market, we launched MGM International TV Productions with the goal of telling global stories that not only entertain, but also shed light on issues that are important to today’s audiences worldwide.” said Mark Burnett, Chairman of Worldwide Television at MGM. Those behind MGM are equally as happy with the show and working with Peacock to bring it to life. We can’t wait to share this with Peacock audiences.” “Led by fan-favorites Matthew Fox and Joanne Froggatt, this sweeping international saga spans several continents that provide a stunning global backdrop, yet is grounded in a relatable and topical story. “Last Light is the perfect combination of an action-packed limited series with a compelling family drama at its heart,” said Lisa Katz, president scripted content, NBCUniversal Television and Streaming.
Those behind the series are clearly excited about the limited series heading to Peacock. Based on Alex Scarrow’s best-selling novel, Last Light is an action-packed limited series directed by Jack Ryan director Dennie Gordon. The Lost and Party of Five star is joining Joanne Froggatt in a new show for Peacock called Last Light. Matthew Fox is returning to television after eleven years.