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Here’s Everyone Who Wants Biden To Extend Student Loan Relief

Jacob Scott

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President Joe Biden (Photo by Drew Angerer/Getty Images) Getty Images

Here’s who wants President Joe Biden to extend student loan relief.

Here’s what you need to know — and what it means for your student loans.

Student Loans

While student loan relief from the Covid-19 pandemic is expected to expire on January 31, 2022, a growing list of individuals and organizations are pressuring Biden to extend the student loan payment pause. Some want temporary student loan forbearance to be extended until March 31, 2022 or September 30, 2022. Others want student loan relief extended until the end of the Covid-19 pandemic. That said, student loan payments for federal student loans are expected to restart February 1, 2022. (Prepare for the end of student loan relief). Here’s a list of everyone who wants Biden to extend student loan relief.

Postpone student loan payments: 200 advocacy groups

In a letter to Biden, the Student Borrower Protection Center, a student loan advocacy non-profit, joined 200 organizations (including the ACLU, NAACP and American Federation of Teachers) to urge Biden to postpone the restart of federal student loan payments. (This comes amid news that the Education Department will cancel $2 billion of student loans within weeks). They argue that restarting student loan payments on February 1, 2022 is not only a financial issue, but also a health emergency with the ongoing Covid-19 pandemic and emergence of the Omicron variant. According to the letter: “In fewer than 60 days, tens of millions of student loan borrowers are slated to be thrown back into repayment on federal student loans they are ill-equipped to pay as the deadly Covid-19 pandemic continues to devastate Americans’ health and financial security. It is clear that payments should not resume until your administration has fully delivered on the promises you made to student loan borrowers to fix the broken student loan system and cancel federal student debt.” (Here’s who qualifies for student loan forgiveness right now).

Extend student loan relief: U.S. senators

A group of U.S. senators — including Senate Majority Leader Chuck Schumer (D-NY) and Sen. Elizabeth Warren (D-MA) — say that Biden must extend student loan relief to avoid financial disaster for more than 40 million student loan borrowers. (Here are the 5 worst things to do for your student loans). The senators say that restarting student loan payments will cause significant financial stress in the wake of the ongoing Covid-19 pandemic. Specifically, they cite a Roosevelt Institute study that shows that failure to postpone student loan payments beyond January 31, 2022 will cost student loan borrowers $85 billion. They argue that 9 million student loan borrowers in default could be subject to wage garnishment and other debt collection methods if student loan payments resume. In addition to seriously damaging the economy, the senators note that Black and Latinx households would face a disproportionate burden from resuming student loan payments. (Here’s how to get student loan forgiveness during the Biden administration).

Student loan borrowers say don’t restart student loan payments

There’s at least some contingent of student loan borrowers who aren’t prepared to restart student loan payments. Since March 2020, most student loan borrowers have enjoyed continuous student loan relief. (How to qualify for automatic student loan forgiveness). This temporary student loan forbearance includes no mandatory federal student loan payments, 0% interest rates on federal student loans, and no collection of student loan default in debt. As of January 31, 2022, student loan borrowers will have received $110 billion of student loan cancellation from 22 months of temporary student loan forbearance. (5 ways Biden could cancel more student loans). A recent survey from Student Debt Crisis Center, a non-profit focused on student loan debt, found some alarming statistics about student loans and student loan repayment. According to the survey, 89% of fully-employed student loan borrower say they aren’t “financially secure” enough to restart federal student loan payments on February 1, while 21% say they will never be financially secure enough to make any student loan payments again. (How to get student loan forgiveness)

Will student loan relief get extended?

Will student loan relief get extended? After Congress passed the Cares Act in March 2020, which granted student loan relief due to the Covid-19 pandemic, President Donald Trump extended temporary student loan forbearance twice for an additional four months. Biden also extended student loan forbearance twice through January 31, 2022 for another year. However, the Biden administration has said there will be no more extensions of this student loan relief. (No, Biden won’t extend student loan relief again). Federal student loan payments will restart beginning February 1, 2022. Despite pressure from progressives in Congress, student loan borrowers and advocacy groups, Biden is not expected to postpone the student loan payment pause. Some have conjectured whether Biden will enact wide-scale student loan cancellation before the end of temporary student loan forbearance. Schumer and Warren, for example, are calling for up to $50,000 of student loan forgiveness within the next two months. However, don’t expect Biden to cancel student loans before student loan relief ends.

To conquer your student loans, make sure you understand all your student loan options. Here are some popular ways to pay off student loans and save money:

Student Loans: Related Reading

Biden won’t cancel student loans before student loan relief ends

How to qualify for automatic student loan forgiveness

How to apply for limited student loan forgiveness

Education Department will cancel $2 billion of student loans

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‘Moon Knight’ Took Marvel in a Different Orbit, but It Didn’t Rise to the Occasion

Jacob Scott

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Before anyone writes that off as an anomaly, “Eternals” tackled a similar introduction of a dense mythology on the bigger screen, with equally mixed results. It’s a reminder that while film-goers have had more than a decade to get to know characters like Iron Man, Captain America and Thor, introducing some of these lesser-known heroes can pose a more formidable challenge beyond catering to the most ardent fans.
For Marvel, there are warning signs in that, since “Moon Knight” will be followed by several series based on second-tier characters, although the next two on the horizon, “Ms. Marvel” (which is due in June) and “She-Hulk,” at least have the benefit of sharing franchises and name recognition with existing Avengers.
Ultimately, “Moon Knight’s” murky storytelling appeared to squander its principal assets, which included the cool look of the character — a costume that was too seldom used — and the presence of Isaac, who possesses additional genre credentials via the “Star Wars” sequels.

Taking its time in peeling back the layers of the character’s complicated backstory, “Moon Knight” took a weird plunge into the Egyptian mythology behind it, in ways that became increasingly confounding and surreal.

By the time the protagonist’s two halves, Steven Grant and Marc Spector, wound up in a psychiatric hospital talking to an anthropomorphic hippo in the penultimate chapter, the question wasn’t so much being able to keep up with the story as whether bothering to do so was worth the effort.

The sixth and final episode brought the plot to a messy close, seeking to stop the goddess Ammit from proceeding to “purify the souls of Cairo, and then the world.” In the customary credit sequence, the producers capped that off by introducing a third personality, Jake Lockley, also rooted in the comics. While that seemingly spelled the end for the show’s villain (Ethan Hawke), the finish — giving the god Khonshu the protégé he sought — paved the way for further adventures should Marvel so choose.

That last twist might be cause for celebration in narrower confines of the Marvel fan universe, but “Moon Knight” too often felt like it was one long Easter-egg sequence, conspicuously preaching to that choir.

Granted, Marvel has made clear that Disney+ offers the chance to explore different kinds of stories, but “Moon Knight” feels at best like a quirky showcase for Isaac and at worst a failed experiment in terms of execution and tone.

That doesn’t mean this “Moon” won’t somehow rise again, if the closely held streaming data justifies it. But the promise that surrounded this property has faded, providing further evidence that even Marvel isn’t immune from setbacks as it moves into its next phase.

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Start-up Pony.ai says it’s the first self-driving company to get a taxi license in China

Jacob Scott

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Autonomous driving start-up Pony.ai can collect fares for robotaxi rides in parts of two major Chinese cities as of Sunday.

Pony.ai handout

BEIJING — Self-driving start-up Pony.ai announced Sunday it received a taxi license, the first of its kind in China.

The license allows Pony.ai to operate 100 self-driving cars as traditional taxis in the Nansha district of the southern city of Guangzhou, the company said.

The Chinese start-up, which is backed by Toyota, received approval from Beijing city late last year to charge fees to operate a commercial robotaxi business in a suburban district of the city. It is not the same as a taxi licence.

Baidu’s Apollo Go also received approval in the same Beijing district last year.

Pony.ai was valued at $8.5 billion in early March. The company said its Nansha taxi license required 24 months of autonomous driving testing in China and/or other countries, and no involvement in any active liability traffic accidents, among other factors.

The start-up said it plans to launch commercial robotaxi businesses in two other large Chinese cities next year. The company is already testing self-driving cars in those cities and in California. 

Robotaxis in China currently have a human driver present for safety.

— CNBC’s Arjun Kharpal contributed to this report.

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How to watch Timberwolves vs. Grizzlies: TV channel, NBA live stream info, start time

Jacob Scott

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Who’s Playing

Memphis @ Minnesota

Current Records: Memphis 2-1; Minnesota 1-2

What to Know

The Memphis Grizzlies’ road trip will continue as they head to Target Center at 10 p.m. ET this past Saturday to face off against the Minnesota Timberwolves. Memphis will be strutting in after a win while Minnesota will be stumbling in from a loss.

The Grizzlies are hoping for another victory. They beat the Timberwolves 104-95 this past Thursday. The victory came about thanks to a strong surge after the first quarter to overcome a 39-21 deficit. Memphis’ success was spearheaded by the efforts of power forward Brandon Clarke, who had 20 points in addition to eight rebounds, and shooting guard Desmond Bane, who shot 7-for-15 from beyond the arc and finished with 26 points and six boards.

Barring any buzzer beaters, Memphis is expected to win a tight contest. They might be worth taking a chance on against the spread as they are currently on a two-game streak of ATS wins.

Memphis’ win brought them up to 2-1 while the Timberwolves’ defeat pulled them down to a reciprocal 1-2. A couple offensive stats to keep in the back of your head while watching: The Grizzlies come into the game boasting the second most points per game in the league at 115.6. But Minnesota is even better: they rank first in the league when it comes to points per game, with 115.9 on average. Tune in for what’s sure to be a high-scoring contest.

How To Watch

When: Saturday at 10 p.m. ET Where: Target Center — Minneapolis, Minnesota TV: ESPN Online streaming: fuboTV (Try for free. Regional restrictions may apply.) Follow: CBS Sports App Ticket Cost: $76.96

Odds

The Grizzlies are a slight 2.5-point favorite against the Timberwolves, according to the latest NBA odds.

The oddsmakers had a good feel for the line for this one, as the game opened with the Grizzlies as a 3-point favorite.

Over/Under: -110

See NBA picks for every single game, including this one, from SportsLine’s advanced computer model. Get picks now.

Series History

Memphis have won 19 out of their last 28 games against Minnesota.

Apr 21, 2022 – Memphis 104 vs. Minnesota 95 Apr 19, 2022 – Memphis 124 vs. Minnesota 96 Apr 16, 2022 – Minnesota 130 vs. Memphis 117 Feb 24, 2022 – Minnesota 119 vs. Memphis 114 Jan 13, 2022 – Memphis 116 vs. Minnesota 108 Nov 20, 2021 – Minnesota 138 vs. Memphis 95 Nov 08, 2021 – Memphis 125 vs. Minnesota 118 May 05, 2021 – Memphis 139 vs. Minnesota 135 Apr 02, 2021 – Memphis 120 vs. Minnesota 108 Jan 13, 2021 – Memphis 118 vs. Minnesota 107 Jan 07, 2020 – Memphis 119 vs. Minnesota 112 Dec 01, 2019 – Memphis 115 vs. Minnesota 107 Nov 06, 2019 – Memphis 137 vs. Minnesota 121 Mar 23, 2019 – Minnesota 112 vs. Memphis 99 Feb 05, 2019 – Memphis 108 vs. Minnesota 106 Jan 30, 2019 – Minnesota 99 vs. Memphis 97 Nov 18, 2018 – Memphis 100 vs. Minnesota 87 Apr 09, 2018 – Minnesota 113 vs. Memphis 94 Mar 26, 2018 – Memphis 101 vs. Minnesota 93 Dec 04, 2017 – Memphis 95 vs. Minnesota 92 Feb 04, 2017 – Memphis 107 vs. Minnesota 99 Nov 19, 2016 – Memphis 93 vs. Minnesota 71 Nov 01, 2016 – Minnesota 116 vs. Memphis 80 Oct 26, 2016 – Memphis 102 vs. Minnesota 98 Mar 16, 2016 – Minnesota 114 vs. Memphis 108 Feb 19, 2016 – Memphis 109 vs. Minnesota 104 Jan 23, 2016 – Minnesota 106 vs. Memphis 101 Nov 15, 2015 – Memphis 114 vs. Minnesota 106

Injury Report for Minnesota

No Injury Information

Injury Report for Memphis

Dillon Brooks: Game-Time Decision (Foot) Santi Aldama: Out (Knee) Killian Tillie: Out (Knee)

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