#student-debt

#student-debt

Thanks to an email oversight, nine million student loan borrowers were falsely informed that they were approved for student loan forgiveness.The emails were sent along with 16 million legitimate approval emails by the Department of Education back in November, informing a portion of the 26 million people who applied for President Biden's landmark debt relief plan that they were approved for debt relief.

With so much going on in the city's thriving ecosystem, it is easy to miss some of the happenings in the space.We keep you abreast of the things that you may have missed in NYC Tech News for the week ending 3/11 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for Opkit, Standby Deposits, Proven, and much, much more.

The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 3/8/2023 featuring funding details for Opkit, Candidly, and much more.This page will be updated throughout the day to reflect any new fundings.Opkit - $1M
Opkit, an automated health insurance verification platform, has raised $1M in Seed funding from investors that include Y Combinator, Global Founders Capital, Mischief, Socially Financed, and Rex Salisbury.

The Republican chair of the House Budget Committee put forth roughly $780 billion in proposed spending cuts.From left, Representatives Jodey Arrington, Kevin Brady, and Chip Roy walk down the House steps on May 20, 2021.Bill Clark / CQ-Roll Call, Inc via Getty Images Republicans on the House Budget Committee offered a preview Wednesday of the programs they're looking to cut or overhaul as part of any agreement to lift the debt ceiling, a target list that includes food aid for low-income families, climate justice and electric vehicle funding, student debt relief, and Affordable Care Act subsidies.

I have about $14,000 left in student debt from my master's, and the payments are due on the 20th of every month.In the most perfect example of "if you owe the bank a thousand dollars, you have a problem; if you owe the bank a billion dollars, they have a problem", if I were to be late on a payment, it would be flagged on a credit report, and I would receive a reminder text, email, and phone call.

Digital mortgage lender and nonbank home loan provider Better.comhas launched "Equity Unlocker," a mortgage innovation that allows employees to pledge vested stock equity as collateral for a down payment without selling their stock."At Better, our mission is to make homeownership cheaper, faster and easier for all Americans," Better CEO and founder Vishal Garg said.

After an 80-year-old janitor had to return to work after his rent was increased, Texas high school students raised more than $250,000 to help him retire.The janitor, known to students as Mr James, returned to work in January after his rent shot up by $400 a month, according to KDFW.The students at Callisburg high school, about 80 miles (130km) north of Dallas, started their campaign last week and shared it on TikTok, hoping to raise $10,000.

Conservative MP Lee Anderson has been accused by Labour of harassing his own staff member and using her as a political football in a row over food bank use.The Tory MP has repeatedly attracted controversy on the subject after he claimed that poor people only food banks them because cannot budget.Mr Anderson shared a photo of a office staff member called Katy to make his point saying she earned less than 30,000 and did not need to use a food bank.

Politics "That's how it's done, Georgia," Rep. Ayanna Pressley tweeted.Georgia Sen. Raphael Warnock won the runoff election for Georgia's second Senate seat Tuesday night, and local Democrats are celebrating the win.The new 51-49 Senate majority will make it easier for Democrats to get bills passed and fend off bills they oppose that come from the newly Republican-controlled House of Representatives.

Labour's pledge to abolish tuition fees may need to be reconsidered because of the damage that has been done to economy, Sir Keir Starmer has suggested.The Labour leader would not be drawn into whether he still stood by a commitment to abolish university tuition fees, first made during the 2020 leadership contest.

The poll found that 12 percent of young voters said student debt relief was the only reason they voted.President Joe Biden greets students after speaking about student debt relief at Delaware State University in Dover, Delaware, on October 21, 2022.Oliver Contreras / AFP via Getty Images As President Joe Biden's student debt cancellation plan is held up in court, new polling finds that student debt relief was a major driver of votes in this year's midterm election - especially among young voters, who were crucial to delivering wins for Democrats in November.