37 Burst results for "Pell"
Fresh update on "pell" discussed on Rollye James
"So that the fact that you consolidated is not going to be a problem at all. Peggy on line two has a question for ray Kaplan, Peggy, what can we do for you? Hi. I had a question about the parent plus loan. Let's say you have a student that owes $8000 and the parent plus O 15,000. Does the 10,000 come off of the 8000 for the student and then 2000 left over to decrease the parent plus balance or is it $10,000 each? It would be $10,000 each. And if either of you received pell grants, then it's going to be 20,000. But it's up to 10,000. So if you only owe 8000, then you're just going to get your entire balance wiped out. Right. But if your parents has the another loan, they will get 10,000 too. That's correct. Okay, wonderful. Thank you. Okay. And then thanks, Peggy. And then I think the question for people is okay, or how does that happen? Like, you said maybe some people will just see the balance disappear by those amounts. But didn't you also say ray that we may have to go to a website and sign up, we could go into some government portal? Well, okay, so about 8 million borrowers will see their balance go down by either ten or $20,000 and those are people where the department of Ed already has your income information because you've previously applied for an income driven repayment plan. If you've never applied for an income driven repayment plan, for example, we have a client where their loans can do right when the pandemic hit. So they've actually never applied for any kind of repayment plan because their loans have been in the COVID forbearance the whole time. So if the department of Ed or your servicer doesn't have your income information from 2020 or 2021, then you probably won't need that forgiveness applied to automatically. And those people, and that's millions of people are going to have to apply, but the application hasn't been released yet. We're still waiting for that. This is Tom, you're on WGN time. How can we help you? I want to ask gray. I know we don't have to pay taxes for the fed. But what about the Illinois state tax? Do we have to pay that? That's a great question. And I'm glad you brought that up because I keep forgetting to mention this. It appears as though Illinois, you will not have to pay state taxes on the forgiveness. You do not have to pay any federal income taxes on the forgiveness, but Wisconsin residents will have to pay state income tax on the amount of forgiveness that they received. Okay, thank you. Thanks, Tom. I think it's not. Yeah, that's critical. I mean, I saw the numbers on that. I believe it's 19 states. Do tax the forgiveness as income and for folks that's going to amount to for some people around $2500 for some people less, but Illinois is not one of them, right? Right. How about Beth, you're on WG and Beth? What can we do for you? So if I have a loan that white deferred it, my daughter is currently at UI and she's now a sophomore. So that deferment of my loan that I check out last year will that be taken care of then? Yeah, so you should also qualify for that forgiveness as long as you meet the income requirement. Sadly, I do. Okay. Okay, great. Thank you so much. Yeah, no kidding. Well, at least hey, what do you know? It's good news that you qualify. Jim, you're on WGN. What can we do for you with ray Kaplan? Hi, Jim. Hi, thank you. For the income requirements, is that based upon the 2021 income tax filed? And is it the adjusted gross or the gross income? Good question. It is the adjusted gross income on your tax return for either they will accept 2020s tax return or 2021 tax return. Really, you get to choose? Yes. Because both of those years were during the pandemic. That's what's driving this. So you can pick if say one year you made one 26 and one year you made one 24, 21 versus 20, you turn in the lesser of the two. Exactly. Why
Fresh update on "pell" discussed on Rollye James
"To be eligible for this relief and it turns out that they are. So if you have parent plus bones or graduate plus bones and these bones were taking out before June of this year and you meet the income requirement, so a 125,000 if you're single, 250,000 if you're head of household or married, you get $10,000 off the balance of your loans, but if you receive pell grants, you get $20,000 off the balance of your loans. So that's an interesting development that was confirmed by yeah. So a lot more people are going to be eligible for some type of relief millions and millions of people are going to see their balances reduced and most of them there's a process to do with department of is going to roll out an application that should be done by the end of October. So if you don't see it hitting your account, I would say by October, then we can submit the application, but many people will see it applied automatically. There was one other nugget that I know I texted you about that I thought was pretty exciting. Is that people who had their loans in default. So these are people who are going to have wage garnishments, their social security, taking their tax refunds offset those people have their federal student loans in default. There's going to be a fresh start program, not until January, but there's also a process to apply for that where your loans immediately will be taken out of default and the negative trade lines on your credit report will also be removed. So it's a really good opportunity because that's worth a lot on your credit score to be taken out of default and have that negative mark removed from your credit report. That's big for a lot of people. That means the difference between getting approved for a mortgage or a refinance and not getting approved for one. So that I thought was a really a great move by administration. That's ray Kaplan. We're going to pause here. If you've got a question, three one two 9 8 one 7 200 Three one two 9 8 one 7 200. By the way, you mentioned June for loan disbursement. I'm reading from The New York Times only loans dispersed by June 30th of this year, are eligible for relief. So you have all of June as well. If you if your loan was dispersed, June 29th, UR eligible, but July 1st, you're not eligible. It's the end of June, right? Correct. Fair enough. Here's a text concurrent graduate students get the $10,000 or do they have to actually be repaying to qualify? So yes, current graduate students as long as you have a loan balance for a loan that was dispersed prior to June 30th or up to June 30th, 2022. As long as you have a balance and you meet the income requirement, you're in. Right. And the same is true for undergraduate students. It doesn't matter if you're a student or not or if you graduated
How to get a student loan refund if you paid during pandemic
"People eligible for student loan forgiveness can get a refund if they kept making payments during the pandemic The refunds are not available for private student loans only eligible federal student loans including Perkins and family education loans with payments made since March 13th of 2020 You can call the federal student aid office at one 804 three three three two four three or check the student aid dot gov website and look for mind loan servicers on your dashboard Borrowers should then contact their loan servicer directly by phone not text or email Lately callers report the wait times have been shorter For some the refund will be automatic if payments put your loan balance below the maximum relief of $10,000 for all borrowers in $20,000 for pell grant recipients If you owe more than that you can still apply to get $10,000 of debt erased and what if you paid off your student loan completely during the pandemic you can still request a refund prior to applying for debt relief according to the Department of Education When you ask for the refund the amount that you pay during the payment freeze will be added back to your student loan balance It's eligible for debt relief after you apply for forgiveness assuming you made below $125,000 Applications
"pell" Discussed on College Admissions Decoded
"I can think of is healthcare, where you might go to the hospital and really have no idea what that's going to cost. But it is to your point, Phil, really important that we fix this issue in this country. So I like to have a little fun, and I know that we don't own magic wands, but I always like to dream that if I did, I could change the world. If you had a magic wand, what is one thing you would change to make college access more affordable and equitable sandy? Well, I think in the short term, I would increase the federal pell grant program, which gives grants to low and moderate income students. And it is what puts money in students pockets. And they need more money to get through college successfully. I mean, we always hear about hungry students about students who don't have a place to live. That means they don't have enough money is what they need, more money, and the pell grant program is a very good way of getting money to them. But I have to return to the core argument of my book, can college level the playing field. If we really, really want to increase college access and success, we have to worry about putting more money and more resources into healthcare, K12 education, early childhood, et cetera, because without that, doesn't matter how big the pell grant is, there will be many, many young people who simply are not prepared to succeed in college. Absolutely. How about you Phil? You've got a magic wand. What will you do? So my magic wand is the short term magic wand and sandy refers to not only what I argued that we need to increase the pell grant. I actually report calculations in my book that the right solution to this problem is to double the pell grant. Doubling the will exactly fill in the affordability gaps that lower income students face, particularly at public institutions. Pell grants are focused on lower income populations, but doubling its size will also increase its range in the income distribution, moving it a little bit more into the middle class. It's the right solution with the right amount of money targeted at the right population. The cost of doing so is in the vicinity of $40 billion a year. That sounds like a lot of money, but the federal budget is $5 trillion a year. So in the context of that, this really is not that much money. I think it is a solution that is doable in the short term and would help a lot. But we certainly agree with you here at knack ack and we're doing everything we can to advocate with federal officials on that particular issue. Could I just point out putting the context again of doubling pell grant into a larger federal context? The amount we're spending every year now on the student loan pause that says people don't have to repay their loans is more than the amount we would spend on doubling the pell grant. And if we were to forgive outstanding student debt, instead of doing that, we could double the pell grant for many years. Yeah, I think that using those numbers like that, I think something like doubling the pell grant. We can double the pell grant for ten years. For what it would cost to forgive student loans up to sandy, you know this better than me, something like $50,000 up to $50,000 worth of debt or is it $10,000 worth of debt?
Federal student loan forgiveness could be taxed as income in some states
"I'm Mike Gracia reporting Indiana will tax student loan forgiveness similar to other states The Indiana department of revenue confirmed to The Associated Press Tuesday that it will tax student debt relief as income Last month the Biden administration announced it would erase $10,000 in federal student loan debt for individuals with incomes below $125,000 a year or households that earn less than $250,000 Federal pell grant recipients could receive an additional $10,000 in federal forgiveness According to the Washington D.C. based tax foundation
"pell" Discussed on WNYC 93.9 FM
"And I'm a Martinez and Culver City, California. President Biden announced a plan this week to offer up to $20,000 in student loan forgiveness for millions of borrowers. Holy cow. Holy cow, okay. That's amazing. Okay, wow. That's gisele parks of Orlando, Florida, when she heard the news, she expects to have her $5000 in student loans completely erased. But many other borrowers are still going to have to pay loans off after Biden's changes. NPR's Sequoia carillo is here to talk us through this. Now, Sequoia Biden's plan is giving money to households making up to 250,000. The Census Bureau says their top 5% earners, so is this all really just helping will off college grads that maybe don't need the help? Not exactly. This plan is actually designed to mostly help low income borrowers. The administration estimates that among borrowers who aren't in school anymore, about 90% of relief dollars will go to people earning less than $75,000 a year. And keep in mind that not all borrowers are graduates. According to the education department, a third of all student loan borrowers have some debt but no degree. This plan would help those folks a lot. And then, of course, another big part of Biden's announcement is that pell grant recipients qualify for up to $20,000 in loan relief. And that's twice as much as other borrowers. Okay, so it sounds like they're the big winners here, but why is it fair to give them more help? Pell grants are designed to help the lowest income students afford college. According to The White House more than 60% of current federal student loan borrowers are also pell grant recipients and at one point these grants covered almost the entire cost of college, but they haven't kept up with rising tuition. So you end up having the lowest income students having to borrow more just to make it in the classroom. And that brings us to another core Tenet of this plan, which is to help address racial inequalities around student loans. Black student loan borrowers tend to take out more loans to pay for college and those debts tend to last longer compared to their white peers. They're also twice as likely to have received pell grants. Member station reporter Alexis Marshall spoke to graduate student Haley B Roy in Nashville, Roy is a pell grant recipient and she thinks she'll qualify for forgiveness. But she's expecting to owe over a $100,000 after she graduates. It's like a bittersweet type of thing. Like, yeah, 20 knocked off, you know, that may be like a year or two knocked off that I have to pay, but it's also like, no, I still have 80 grand laughs, so how am I gonna pay this back? All right, so that brings up a kind of opposite beef over Biden's move that it did not go far enough. So what gives? We heard from other black borrowers who still expect to owe a lot, even after some of their debt is forgiven. And that's something the NAACP in particular is trying to draw attention to. In fact, the morning after Biden's announcement, they hosted a rally with a brass band outside The White House, calling for even more debt relief. But many Democrats who had been arguing for higher debt cancellation like Elizabeth Warren and ayanna Pressley ended up applauding the move. Lots of GOP lawmakers have been opposed to any level of forgiveness. What's been their argument against? Republicans have criticized the plan for being unfair to people who have already paid off their student loans and they've also called it out because it does nothing to address the high cost of college. Florida governor Ron DeSantis spoke about it this Thursday. He called Biden's plan quote a policy disaster and a political disaster. That's NPR Sequoia carillo thanks a lot. Thank you. We're going to get another view on this issue now, wisdom coal is the national director of the NAACP's youth and college division and he joins us this morning. Thanks so much for being with us. Thanks for having me. You have called student debt a racial justice issue. Can you explain the inequities as you see them built into this? Yeah, you know, when we are looking at college education and young people pursuing a better life in a better future, recognize college has been presented to us as the great equalizer, right? This opportunity for you to go to school to learn a career or a trade and to be able to get a good paying job so you can become a homeowner or a business owner or participate in this economic system, but when we look at the amount of debt that black borrowers are taking out in comparison to white borrowers, it's oftentimes much higher. We know that black bars have an average $53,000 in student debt. And that is a greater increase in comparison to white borrowers, as well as the amount of time that that debt is held even after they graduate from college. It is disproportionate. We look at the most educated group in America being black women, and then continuing to exceed attain higher education degrees and still holding that debt for longer periods of time. And so recognizing that this is a racial justice issue because it is impeding our ability to actually participate in our economic system. So what are your criticisms of President Biden's plan? You think it didn't go far enough? You know, I think that 10,000 was a start, you know, 10,000 is not enough to meet the need, but it did show us that student debt cancellation is possible, you know? For years and years and years, people said that this was impossible to see broad spread cancellation. A student debt. And so what happened what we saw was that, you know, our president did come through partially on his promises around cancellation. And so this is the start to make sure that we are seeing further and further cancellation down the line. Throughout the Biden administration, there has been smaller bits of cancellation for folks who have disabilities for veterans, for folks who are attending for profit institutions. And so there have been smaller bits and pieces happening, and this is the largest piece that we've seen so far. And I think the real victory here was those who were seeing cancellation of up to 20,000 who are pell grant recipients which includes a lot of black borrowers, a lot of young people and folks who attend HBCUs. But in an opinion piece before the decision came out, you said capping forgiveness at $10,000 for individual borrowers will borrowers would be a quote devastating political mistake for President Biden. Do you still believe that? You know, there are a lot of questions still in terms of how are we going to navigate this process, right? This idea of means testing or an income cap or a threshold definitely be present some questions in terms of how are people going to navigate that system, right? This calls into question in terms of what is actually mean in terms of seeing that cancellation happen and hit people's accounts. And so we really were pushing to ensure that the president did broad spread cancellation, which is a possibility to ensure that we see the most amount of relief for the most amount of borrowers, right? We have to recognize that a 125,000 in New York isn't the same as a 125,000 in Georgia or Texas or Florida or other places across the country. So the administration is going to feel like it's accomplished something on this issue, especially ahead of the midterms. If you had 5 minutes with the president in the Oval Office, what do you say about the next critical step? You know, I said that this is a great step forward and I appreciate the
"pell" Discussed on WNYC 93.9 FM
"The lowest income students afford college. According to The White House more than 60% of current federal student loan borrowers are also pell grant recipients and at one point these grants covered almost the entire cost of college, but they haven't kept up with rising tuition. So you end up having the lowest income students having to borrow more just to make it in the classroom. And that brings us to another core Tenet of this plan, which is to help address racial inequalities around student loans. Black student loan borrowers tend to take out more loans to pay for college and those debts tend to last longer compared to their white peers. They're also twice as likely to have received pell grants. Member station reporter Alexis Marshall spoke to graduate student Haley B Roy in Nashville, Roy is the pell grant recipient and she thinks she'll qualify for forgiveness. But she's expecting to owe over a $100,000 after she graduates. It's like a bittersweet type of thing. Yeah, 20 knocked off, you know, that may be like a year or two knocked off that I have to pay, but it's also like, nah, I still have 80 grand laughs on how am I gonna pay this back. All right, so that brings up a kind of opposite beef over Biden's move that it did not go far enough. So what gives? We heard from other black borrowers who still expect to owe a lot, even after some of their debt is forgiven. And that's something the NAACP in particular is trying to draw attention to. In fact, the morning after Biden's announcement, they hosted a rally with a brass band outside The White House, calling for even more debt relief. But many Democrats who had been arguing for higher debt cancellation like Elizabeth Warren and ayanna Pressley ended up applauding the move. Lots of GOP lawmakers have been opposed to any level of forgiveness. What's been their argument against? Republicans have criticized the plan for being unfair to people who have already paid off their student loans and they've also called it out because it does nothing to address the high cost of college. Florida governor Ron DeSantis spoke about it this Thursday. He called Biden's plan quote a policy disaster and a political disaster. That's NPR Sequoia carillo thanks a lot. Thank you. Conditions
What Makes Student Loan Forgiveness Legal?
"What makes it legal? It's not moral, what makes it even legal? Without any legislation, Joe Biden now promises to cancel up to $10,000 in student loans per borrower, $20,000 for pell grant borrowers, limited to those with annual incomes of less than a $125,000. Well, that's right. Who breaks over a $125,000 with the student who has a student loan? It should also be stressed this is from the federalist that capping loan forgiveness to those making under a $125,000 means absolutely nothing. Because most borrowers at the beginning of their careers that have yet to enjoy the durable benefits of a college degree.
Biden's Student Loan "Forgiveness" Program Is Redistributionist
"Joe Biden seems very pleased with himself. Normally he's pleased with himself when he's lining his own pockets, but in this case he's, he seems very pleased with himself because he's announced a college loan forgiveness program. And of course, there's something inherently disgusting about the oldest because you have a guy who's like, I am forgiving student debt. I mean, Debbie shaking her head here. During from the balcony, talking about pandering. But the first thing I find repulsive is these politicians act like they're doing it. They're not doing it. When they quote, there's no such thing really as forgiving on canceling debt. What this really means is I'm going to transfer the obligation to someone else. So this guy's not going to pay. I'm going to make some other guy pay. It's really a matter of moving money from one guy's pocket to another and using your political authority to do that. And generally, when you do it, you want the beneficiary to be grateful to you. Because you're the one who facilitated the transaction and you don't want the guy who's paying the bill to notice. You want to make it sound like it's free or canceling that. And of course, media reports make it sound like, wow, this is unbelievable, generosity from Biden. This is an expensive program, $300 billion. And essentially, if you get pell grants, you're going to get $20,000 of debt forgiveness. And for everybody else, $10,000 as long as the family income is under a $125,000 a year. And the other thing that Biden did is he extended the student loan repayment pause. So supposedly because of COVID, there was a pause. You don't have to pay right now. There's a kind of a deferred payment scheme. And Biden goes with us one final deferment through the basically to the end of this year. December 31st, 2022.
Biden Announces Student Loan Forgiveness Plan
"Do have some breaking news at this moment. President Biden announcing that he is going to cancel $10,000 of federal student loan debt and he's also going to cancel up to $20,000 for pell grant recipients. Now, I've got a lot to say about this and I got a big problem with this because what the federal government is about to do. We're about to borrow what $300 billion to pay for loans for that students took out that they could not afford. Now the nation's federal student debt is $1.6 trillion. In other words, we get a lot of deadbeat college kids out there. That's all there is to it. A lot of people who are not meeting their obligations. And I got a problem with that. And I hope you do as well. Because you and I are the ones who are paying for these kits. Now look, it's very simple. If you go out there and you spend a hundred, $200,000 to get yourself an advanced degree and 16th century lesbian pottery and you can't find a job, you know what, get your butt down to the Chick-fil-A and work the drive-through. It's very simple.
"pell" Discussed on WTOP
"Thank you, Dave. Now to the top stories we're following for you on WTO. A D.C. shooting in broad daylight reportedly leaves two people dead and two critically heard. That from our partners at news four, the gunfire erupted at 1245 in northwest at the corner of north capitol and O streets, we've got a reporter on the way. Most Americans with federal student loans will be getting a break. President Biden is canceling up to $10,000 of debt for those who are eligible. The neediest students with pell grants could get up to double that amount and they pause in loan repayments will continue until the new year. Also knew this afternoon, First Lady Jill Biden testing positive again for COVID-19. Doctors are calling it an apparent rebound case, mister Biden just spent three days with the First Lady at their Rehoboth vacation home, he continues testing negative. Stay with WTO for more on these stories and just minutes. Where will a new FBI headquarters go? That issue has been on the back burner for quite some time, but there could soon be a decision. Capitol Hill lawmakers representing Maryland, like prince George's county, specifically sites in green belt and landover, but Maryland senator Ben cardin says there's a lot of politics over the matter, according to our news partners at Maryland matters, carden says FBI director Christopher wray doesn't really want to move, preferring to stand D.C.. Meanwhile, Capitol Hill lawmakers representing Virginia are high on a site in Springfield. However, it shakes out the GSA is expected to ID the location of a new FBI headquarters as soon as next month. Matt's small WTO news. Up ahead, in money news
Watch Live: Biden announces plan to cancel student debt up to $20,000
"President Biden is rolling out his long awaited plan to forgive some federal student debt It was a campaign promise and won the president four months ago was still considering I'm in the process of taking a hard look The plan will cancel $10,000 in debt for those earning less than $125,000 a year or families earning less than 250,000 Pell grant recipients will get up to $10,000 more in debt canceled The president's also extending the pause on federal student loan payments through years end The White House estimates the plan will erase the federal student debt of about 20 million people Democrats are betting the plan will help motivate younger voters in November The GOP though anticipates backlash for Democrats particularly among voters without college
Jim Hanson and Corey DeAngelis Discuss Carson v. Makin
"Corey D'angelo is with the association or the American federation for children. And he has been just a leader in the fight for school choice. And we got two wins. First, the Supreme Court decision I forgot, and then also the Arizona decision to have the entire state be run with the money following the children. Congratulations, because you were a part of both those. Maybe not the Supreme Court case as much. But tell us the implications of the scotus decision first. Yeah, totally. This is the Carson V Macon case coming out of Maine. It was a 6 three decision in favor of parental rights and education. And the basic takeaway is if you're gonna have a school choice program, you can't discriminate against religious families and religious schools by excluding them. That's what was happening in Maine. And it pretty much reaffirmed what we already found in the Espinosa V Montana decision in 2020, which was a 5 four decision on the part of parents. And it also reaffirmed that school choice has no issue with the separation of church and state, which is not itself in the constitution. For the same reasons that pell grants don't violate the establishment clause with the pell grant for low income kids, you can take the money, you can go to a public or private university, a religious or non religious university, and you have a choice in the matter. Same thing with pre-K programs, same thing with Medicaid. You can take your Medicaid dollars to a private religious hospital if you want. And there's no separation of church and state issue because the primary beneficiary that funding is the individual student and their families and they can pick among religious and non religious
"pell" Discussed on Asian, Not Asian
"I <Speech_Music_Male> <Speech_Music_Female> <Laughter> <Speech_Male> <SpeakerChange> <Advertisement> hate myself. <Speech_Music_Female> <Laughter> <Speech_Music_Male> <Speech_Male> So it's like <Speech_Male> shit. It's like if you <Speech_Male> actually enjoy <Speech_Male> getting your haircut, they <Speech_Male> probably wouldn't be walking around <Speech_Male> like that. <SpeakerChange> <Speech_Male> Dang, you're right, man. <Speech_Male> And they don't have the confidence <Speech_Music_Male> to go <SpeakerChange> inside because <Speech_Male> every time it's like <Speech_Male> rolling the dice. Yes. <Speech_Music_Male> That's exactly <Speech_Male> <SpeakerChange> how it <Speech_Male> feels. <Speech_Music_Male> It's like, oh, <Speech_Male> how do you want it, <Speech_Male> and then the pressure's <Speech_Male> on them to say something that they <Speech_Male> didn't know. 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At the very least, <Speech_Male> because <Speech_Male> you guys seem like nice people. <Speech_Male> So it would <Speech_Male> be cool. <Speech_Male> Should I go in there and <Speech_Male> have not cut <Speech_Male> my hair for a long time? <Speech_Male> And go <SpeakerChange> in there <Speech_Male> or you know what I'm saying? <Speech_Male> I mean, <Speech_Male> I think that <Speech_Music_Male> <Advertisement> you definitely be <Speech_Music_Male> <Advertisement> more set up for <SpeakerChange> a haircut if <Speech_Music_Male> <Advertisement> you didn't cut your hair. Good <Laughter> <Advertisement> point. Good point. <Speech_Male> You <Speech_Male> have hair. <Speech_Male> I do. I always <Speech_Male> forget, you're not <Speech_Male> balding balding. No, <Speech_Male> you have hair. I do have <Speech_Male> hair. Just grow it out. <Speech_Male> Okay. Let's try <Speech_Male> this. Okay. <Speech_Male> <Advertisement> Well, you're around. <Speech_Male> <Advertisement> You go on a business in New <Speech_Male> York? Yeah, when I'll be <Speech_Male> back again and don't <Speech_Male> cut your hair for a month. <Speech_Male> A month. I'll be back <Speech_Male> for Thanksgiving. Okay. <Speech_Male> So what should <Speech_Music_Male> be crazy? We'll see a <Speech_Male> transformation. And we'll do a video <Speech_Music_Male> thing. Weren't <Speech_Male> there space <SpeakerChange> out. <Speech_Music_Male> Everybody gets paid. <Laughter> <Speech_Music_Male> <Laughter> <Speech_Music_Male> I'm already so anxious. <Speech_Male> I'm so anxious already. <Speech_Male> Oh God, got you <Speech_Music_Male> <Advertisement> want to see us go to Patreon dot com. <Speech_Music_Male> Isn't that Asian <Speech_Music_Male> pod? <Speech_Music_Male> <Speech_Male> <Speech_Male> Oh my gosh, that was so <Speech_Male> great. Thank you guys so much for coming. <Speech_Male> And this is an amazing <Speech_Male> amazing conversation. Where can our listeners <Speech_Male> find <SpeakerChange> you and <Speech_Male> your work and perhaps your <Speech_Male> barbershop? <Speech_Male> Yeah, so you can find us <Speech_Male> on TikTok <Speech_Male> on Instagram at <Speech_Male> 12 pelle. <Speech_Male> One, two PE <Speech_Male> LL, <Speech_Male> and pell sheets actually <Speech_Male> <Speech_Male> a street in Chinatown, <Speech_Male> a lot of people know <Speech_Male> that. So people always hit <Speech_Male> us up. <SpeakerChange> Where do <Speech_Male> you guys located? <Speech_Music_Male> 12 pounds. Yeah. <Speech_Music_Male> It's <Speech_Male> actual <SpeakerChange> address. That's <Speech_Male> a fire ass tree. It's a really <Speech_Music_Male>
"pell" Discussed on Asian, Not Asian
"I'm telling you the blow drying bro I need to forget all that. I think that's I think that's so fucking interesting. I mean, I mean, we have so much to talk to you about. But very quickly, just like, how did you guys end up in this business of because I never would have thought that being a barber? First of all, too, I'm going to say you both got rolexes on. Yo, you got the whole thing. You got the hulk on. I think you got the sub. All right. Listen, I got a regular job. I don't got those things. And you guys are barbaras. I want to do wrong. I don't know what that very, very early. So I mean, how did you guys just get into this sort of thing? Because I never would have imagined that I didn't know this was a thing and then second that there's a very specific market and skill for this. I agree. Same. It was a fluke for me. 100% fluke, I had no intention of getting into this hair business at all. So I was in college, didn't have a lot of money at the time. Still to this day, you know. But my mom was a cosmetologist. As I mentioned before, so she was cutting my hair. And one summer she actually went over to China to visit her family. And so before that, one of my best Friends at the time was also getting haircuts too from her. And so no one could cut his hair. He went out to get a random cut anywhere from Yelp. And he got the worst haircut in his life. He's like, yo, Tim, you gotta do something about it. It's gotta be in your blood. I went down to my basement and fixed them up. Use two hours of my time. And it was okay. Really? And then the next time, next time we came back, he bought a couple friends and then that's how it started. Wow. Sex Fight Club. Damn it. With fucking scissors and wild. That's crazy. What I was doing, but I had my train or anything about it. Nothing at all. You straight up learned like Matt like fucking splinter to learn a karate kid like osmosis. Do you like Shang-Chi, okay? That's crazy. Oh my gosh. Nice friend was right. He has it in his blood. Yeah, you do really, really crazy. How about.
"pell" Discussed on Asian, Not Asian
"A lot of people, a lot of people stuck in the dryer there. No, it's like kind of like, you know, if you ever watched a better luck tomorrow, there's kind of that vibe there. Okay. Okay. But it was like, it's very, you know, the hair is very straight. It's like, you know, highlight a certain way. It's very cool. And I could never do that because my hair just doesn't do that. And then it's a whole thing. But I had so much anxiety. I remember I used to have daydreams all the time as a kid. And I used to have two day dreams. One, I was a samurai. One. That was virtual. You know, you're a kid, you're like, I'm such a bad. The second thing I always wish that I had straight hair. I wished I had just good hair. You know? And the most popular kid in my school, his name's Ivan, the Chinese dude. And he had great hair. And I realized he was friends with me so we hung out. And I realized one of the things. And this is like this blew my mind. He blew dry his hair every day. He would do it. It would be all like cool looking. And I was like, this guy is on another level. I can't possibly do this. I have no idea what that means. Yeah. Bottom line is, I think this is like a deep seated anxiety that a lot of we're gonna talk a lot about Asian guy here because we've got people who are experts in that. But I know a lot of Asian women have also this is also a thing. And I think it's just like something that we don't talk about. We don't talk about it. I know like you mentioned a black hair is a thing. If you said black, there's a lot of jokes about black hair. It's been made on TV. Stand up, but nobody is talking about Asian hair. Nobody's been Asian hair care. I feel there's very specific agent hair joke. It's like there's like bowl cuts. Everybody has bowl cuts. There's perms getting perms. Korean people looking. You know, and I feel like those are those two things actually, I think are very telling about how Asian people approach air. 'cause it's like bowl cuts are really, it's so functional. Here's a bowl. We cut it. Boom. Yeah, yeah. And then the perm is, I don't know what that's all about really, but that's also a way of dealing with hair. Giving you. Yeah. It's like so tough, you have to go to like two options. You gotta do all these things. So I feel like and then when you think about it, you guys your dad, you know, ever talk to you about I think my dad had a game where he tried to find the cheapest place to get a haircut in the town. That's an excellent point because I do feel like black families. Maybe they do talk about black hair. I think for sure barbershops are. And they definitely I think from black people from a younger age, no, not to go to certain barberries. Or like, they know to go to certain places. This is the thing you're going to do. Different jargon. You know, if you listen to black women talk about some people like wear wigs and shit, right? Yeah. And they get special braids. And there's all these things that come with that. So 100%, there's definitely an Asian version of that, but no one's ever talked about it. And hey, you know what's more trailblazers when it comes to Asian jokes? So to help us answer some of these questions and concerns, we've invited people who cut Asian hair for a living. They work at a barbershop that's very popular in Chinatown in New York called 12. And you may have seen their TikTok videos, go viral on there. So check that out if you haven't already. So please welcome Tim.
"pell" Discussed on Late Night with Seth Meyers Podcast
"Crucify and it was just a pan across as if it was an snl sketch of just a lot of people being very sad about this modern song with a little young chubby clown in front of them singing. It's a staff of nightmares. I worked in a gift shop in the mall. And i used to order chick-fil-a chicken and biscuits in the morning. I volunteer to go get breakfast. I run down there. I get chicken and biscuits get one extra for me and then i would eat it under the escalator behind the plants. And then i would come up with like biscuit spackle across my teeth and pretend i was really hungry like breakfast. Find in the mall. You do like talking to you about your animal's an animal lover renowned animal lover. How many pets do you have now. I have two horses. Just acquired an old horse. That i used to have and and i got a rescue her to be her companion. I have four dogs. And i have a twenty one year. Old cap with dog is this. That's ernie okay and in that picture is enjoyable because it looks like i drooled all the way down my shirt or he peed on me which he did not do but earning as ernie has an over bite he has four. He's my new dog. I got from california. When i before i moved to new york again. He has a four teeth over bite. It's a it's a real. It's a real journey. We've got a nice reveal because so here's picture here's the first one and everybody can picture what afford to over by it. Looks like and that saturday. And he's got a really weird personality and we finally figured him out. At first we thought he was just a little bit of a of a chihuahua being a jerk and because he started getting real aggressive with other dogs and then we realized he's just like a that super awkward and doesn't have a lot of skills or games so he'll just be like he wants to play in so you're always spalding thinking he's attacking and then he really just wants to play so i'm really trying to get to know him and understand that he's a weirdo. Not a great first impression dog. It seems like you wanna spend some time with him. Yeah we don't want to have. We have a lot of animals so if one starts fighting in the other it's pretty much. It's like a greek arena. Everyone kill each other. Congratulations on everything. A best of luck this weekend on your emmy nomination and it's always just to delight to see paula. Thank you. I love you and i wish i could be there. I'll be there next time. we love you to. Ap bio is streaming now and peacock. Late night with. Seth meyers weeknights on nbc. At twelve thirty five eleven thirty five central original music on the late night. Podcast is by the h. e. ban. Don't forget to follow the handle late night. Set on social media until your friends who subscribed to the late night podcast wherever they get their podcasts..
"pell" Discussed on Late Night with Seth Meyers Podcast
"Aren't you asked is an emmy award. Winning writer and actress you know from her work on saturday night live in these shows. Maple worth murders in girls five ever she stars in ap bio which streaming now and peacock. Please welcome back to the show. One of the funniest people on the planet are very good. Friend paula pell low follow. It's so good to see you're looking resplendent. You're looking dressed the way an emmy nominated. Actress should look well. Thank you so much. I wanted to zip up my zoom and just where a little bit of sparkle's for you and i feel i can't believe we're having such an orthopedic episode of your show because of amanda with her pickle ball shoulder and i just got a knee replacement because have bj knee. So i'm so sorry that just got diagnosed kneel on one knee. It's very formal when i do it. It's very seldom. I do think. That's that's the british style right one knee. That's that's a bj. I also is the sort of an homage to broadway coming back. Which i'm so excited about. And also my favorite new york memory which was going into therapy. One time in some man coming down the stairs from this building. And he had sort of a sparkle scarf on in he clearly had been at voice lessons and he was in the hall which the head good acoustics and he was singing. Give them the older. Is you you and it was clear to me that the teacher had told him that he was swallowing vowels. Because inquire they tell you razzle dra- zoll dazzle. You have to rasmus jazz. You you create space in there now did you. When you were looking for a therapist did you try to find one. That was in a building with a voice coach. You know in new york. You don't have a choice in there in someone's cooking pirogies next door. It's just there's a. There's just a weird amalgam of people in new york apartments. You i want to point out that your emmy nomination is a for a maple worth murders there. You are with Also emmy nominated and late night rider. John lutz and and so exciting. That was back. Helen is one of my favorite characters on tv. An optimist. when you describe it as an optimus as an optimist. I love doing helen. She reminds me a lot of my midwestern roots of my of all the similar to the south of women that smile and completely lie to you and so my grandma you know she just always was full of enthusiasm and cheer and then you'd get little moments of of Truth like she used to used to. I used to take her to a little diner. Called the pine cone all god and how let's go to the pine cone. We go to the pinecone get soup. Raviolis they call them. Which is like tortellini soup. Always this so bevere. Good all anyhow and she'd call the manager over to specifically tell him how good the soup issue had her. They'll saltines all. This soup is joe and my bra. All my god and then we'd leave in in the parking lot she go. I didn't care for that because you know so. How has that like very dark. Underbelly that we're seeing more and more in each season where she's kind of full of it in terms of her You know she's she's a very suppressed. More dark sol. That that's always laced in in cheer because that keeps her wanting to live. We have certainly been enjoying the journey and then a really funding thing this year is your real life. Wife deneen played one of helen's hookups. Yet must've been both nice and then it actually happened on another show this year. Yes people can't stop visualizing us together. We must have really good chemistry. We should probably meet and get to know each other. It was super funding. Whenever i shot with her this year because but both times it was of a sexual nature in a romantic nature and it was so funny. Because you forget that not everyone in the crew knows what's going on you know. The writers noon. The producers knew that that was my wife but a lot of the crew didn't and so we're like you know making out in a in a bar and going into the bathroom to hook up and and inbetween. I hadn't seen her in a while. 'cause i was in california shooting and so the two of us were like very affectionate. It i mean we weren't like tongue each other but we were just like you know being cozy and talking low whispers everything and then i'd look around and people are like it's twenty twenty one like paula needs to cool it on the special guests on the show like just meter outside the production. You know. I love her to ask you. We'll have more with paula. Pell when we come back. Welcome back the late night. We're here with paula. Pell you have not always been a writer and an actor and a comedian. You did some work at the mall. Over the years i did. I went to the mall. The other day locally where i lived and it was a really dead mall. It was there. Were only like three things in it. Now and just a lot of posters that were sort of positive messages that were shuttered shuttered stores and they were like giant greeting cards but I spent so much of my face will years in the mall in orlando area and i worked at york steakhouse and york steak house. You know. I loved restaurant work. Because i hated being bored and i loved anything that was just like a hustle and i was just sweating. I guess that's why i loved. Snl so but i just loved like having a lot to do in I had this manager that just you know he. He always supported my performing career and everything and he came to me. He was always trying to like throw me a bone on anything that was performing tive of any kind. So he i. Was you know serving the food and being the the the cashier and he came one day and he was like. We're doing a promotion with strawberry shortcake the character. And what if you played strawberry shortcake in a costume outside the restaurant inside the mall And give you know helium balloons to the kids and try to get people in for the special that we were having it so i did it for like three weeks and it was really exciting. Yes don't remember. They had like four four freckles on each cheek. And i had a little bunch of blush. And i had this giant in a red wig and it was very clown-like but like a clown and i Every week this is how old i am. There used to be a world ser- oregon store in the mall. It's every week on sundays. They would take in the fright freight elevator. They would send the oregon up. That's what they that's what she said. And they send the oregon up the freight elevator and then they would have these old men old men and women there and they have desserts free and coffee and then the guy would play the oregon for a couple of hours at night and then they would hold it with night. I one night he. He comes out. And i'm still strawberry shortcake. And he goes here he goes. I just i just love the way you sing. What what if you saying something for all these people and i said well. I didn't rehearse any of this. I don't even know if he's got anything that i know. You know what. I was real nervous. And he pulled me in there and he had the piano book and the only song of about five hundred songs. I knew and the piano book in the oregon book which i sang including like four versus of. Was this picture my strawberry shortcake. You crucify.
"pell" Discussed on Late Night with Seth Meyers Podcast
Making the Most of College, and Books That Educate and Empower
"Back to our body politic angel. Good to see you again. How do you view the return on investment of higher education today. I'm asking because you wrote in the atlantic it's harder than ever for lower income students to afford college. What's the state of play for college. Accessibility and affordability. So i think the first thing to acknowledge is that college is certainly expensive in actually the the rate of college tuition keeps going up at a much faster rate than inflation but the reality of the matter is college. Education is still one of the best investments that any student can make in their lifetime. All of the data shows to the point that if you get a college education you have much higher possibility of getting more employment over time you will make more money over a lifetime. So wallet is expensive. It certainly is still a very good investment. So what are the best solutions. Is it about making college. Less expensive about increasing scholarships and financial aid about some people not going to college. We're at the solutions. Coming from the solutions are gonna come from a lot of different places. One college administrators need to start thinking about how to cut costs so that students can actually afford their education a little bit more but the other pieces. We have a real serious reckoning due in this country around how higher education is funded in most other countries. Higher education is much more affordable sometimes free and so changing our model thinking about the way that our government invest in higher education is actually really important but also we have to invest in more financial aid for students actually might association the national association for college. Admission counseling just put out in partnership with a bunch of other organizations a campaign for the biden administration to double the pell grant for the lowest income students in the united states. And so it's initiatives like that that are going to help move the needle. But i do want to say because i think it's really important. It is very dangerous. The city young people today do not go to college because if you look at the predictions about all of the future of work the majority of jobs are actually going to require a college education and no one wants to be left behind.
"pell" Discussed on RiYL
"Is there a sense that i mean especially like now especially in the past year especially when all of this horrible stuff was interfaces whether it was you know politics or the now a lot of the shootings that were happening or covert or anything else that when you want escapism. You don't necessarily want entertainment that preaches at you and you don't necessarily want entertainment that is lake. That's heavy right. I mean a lot of times when you listen to music you want something that's sort of gonna get you out of that mind. Yeah no i agree. That's what this does. I think it's it's definitely a breath of fresh air. You gotta touch on what's happening you know around you that nobody's immune to you can't have a record. We're going to release a record. Not talking about things gone wrote but at the same time. It's about our experiences. In how we experienced moore orleans and what it means to us and a part of that you know in in real life is some of these issues that i mentioned in terms of on that more activist shot so i think that music should always be a form of you know taking what's already there and providing a sense of releaser sense of understanding for the listener and i think got it right now we're definitely in release side of it but the the physical is where it's at man. I'm excited about it. So like as new orleans in s world eventually starts to open up. What does the immediate future look like for global warming. Good question definitely live live shows and more important than that making sure that these live shows are In some way tied to things that i just talked to you about wanting to do things with organizations that are for the community in different ways. I think one thing that we really wanted to do was build a sustainable garden or multiple. So were do that..
"pell" Discussed on RiYL
"Nobody who's really mobile. Everybody is stuck. So i think the start of the record was sending files with everybody. Bush quickly by april may i. It became unbearable not to be in people's faces and not to be around my friends creating this music it did. It wouldn't have translated the same. Wouldn't have been as cohesive. Have we not been able to link-up every month of this recreation during the quarantine you took it. As far as you've as he felt like he could take it with that specific technology. Yeah and you. You could even say like you have to be impatient. But i felt like i mean 'cause we still could have got a similar result. I just know that this is bigger than just creating content. And that's what i'm talking about once again with making is a spiritual experience for me so it's church like to be gathered around like two or more of us with the same intentions Coming together for good music. It's is different than trying to do that on. Zoom are trying to do that on you know a bunch of different apps for this you. What was going on your life at that. You were getting out of a label situation in a management situation at the same time. I was a lot of delayed. Self-reflection in quotes accountable. Things like when you think about those things at the same time it's like obviously It's easy to blame people for mishaps in one's life and i. I wanted to blame everybody for anything that i felt was wrong. And i think that everybody when you work in a team. It's the team's fault it's no one individual's fault you know what i mean because our job is to make sure that we're all doing our best but i think that sometimes will in this specific instance like dealing with the label situation same. Oh simultaneously while i had i had new management during this time so it wasn't like cold at the same time either. Wake up one morning. Like i need to get rid of all these people rag. Her is was very gradual. but i but i had already switched management. The label came later. Wear now i'm independent It was back independent. it was like If if a weird..
"pell" Discussed on RiYL
"I because we taught each other out of hustle. The my friends. It wasn't like pal had this big manager. Paul had this big look from the jump is like none. Week grinded issue and you're young yet and yeah exactly that too. So it's like i think. Oftentimes you know..
"pell" Discussed on RiYL
"And i feel like i'm i'm glad to be part of that when he talked about pushing the narrative is it just the creation in music or is it something beyond that. Yeah i mean. I think it's all one in the same when i when i when i mentioned that i think i'm thinking about it at in terms of one the business side Because that's where i think more than needed for like in terms of a structure. Clearly new orleans is not at a lack of like talanoa diversity when it comes to artists and musicians and you know everybody ought to create a visual artists as well. I think that that's been something that we've been known for. But we've also been known for being like poached you know and i mean in our talent in taking going to la like myself like other. Bigger artists like pj mourns the battiste the other artists that have nor id in their specific fields. That aren't able to sustain themselves in new orleans or weren't able to sustain themselves in new orleans. I think about slowly changing. But yeah i think more show i always think about with the new new orleans and the imf the infrastructure that we're building in the city by its forest buys. Fubu love it. And i think that is really is. It's great to be. It's great to be a part of it. And because of the way that i'm able to see it and be there on a day-to-day basis it. Channels different part of my mind whereas like you know with quarantine when it first started in obviously the idea for the global warming project which was initially idea for me to make a bunch of music with my friends And put it under an alias that we all could represent each other. Nobody really had Full autonomy over the collective turned into a big twenty plus thirty plus artists producers managers video content creators coming together all from new orleans to make something big and i think during that process even during this past year..
FCC Wants to Help Americans Pay for Broadband
"So mike you were recently about. Nfc program to help americans pay for their broadband right. That's correct and it's officially up and running. Now it's called the emergency broadband benefit program and it was part of the roughly nine hundred billion covid. Nineteen relief package passed by congress in december twenty twenty and signed by president trump after that within the package was three point. Two billion set aside for the federal communications commission to cover the program what it does provide a discount of up to fifty dollars a month toward broadband bills for eligible households and up to seventy five a month for households on qualifying tribal lands eligible. Households also can receive a one time discount up to one hundred dollars to buy a laptop or desktop computer or tablet from participating providers. They contribute more than ten dollars but less than fifty dollars to the purchase. How do you know if you qualify for this. Well we have appropriate in my story on tech that usa today dot com. But here's some information. For instance if you qualify for the lifeline program a program that helps low income. Americans purchase broadband access. You automatically qualify for this. You also qualify. If you're on medicaid or your partner you participate in the snap program also eligible as any home with an income at or below one hundred thirty five percent of the federal poverty guidelines. So math is involved as are those in the free and reduced lunch school program school lunch program. I should say in school breakfast. Program and homes for students who are pell. grant recipients also eligible. Some homes have had substantial loss of income since february. Twenty nine twenty twenty like i said my story has links to all these spots and how to figure out whether you qualify. You can also go to the site. You could probably find it there. But i would suggest coming to my story overall. There's about eight hundred twenty. Five broadband providers wired and wireless participate in the program including names like. At and t. comcast t molin
Is Student Loan Forgiveness A Good Idea?
"Right now on the. Us government federal balance sheet there's loan receivables over a trillion dollars of student loan debt sitting there as a receivable for the fiscal year ending nineteen total assets of the federal government worth three point nine trillion of which one point one trillion was direct student loans. But here's the thing. Three point nine. Trillion in assets twenty six point nine trillion in liabilities. The difference the deficit is twenty two point nine trillion dollars. The us government is effectively insolvent. It does more than its assets. And if the us government road off four hundred and forty billion dollars of student loans it would just increase the level of insolvency. It would not sink. The government by any means the education department according to some private consulting work that they contract it out understand what the potential losses are on their student loans found. According to a report by the wall street journal that losses on the one point three seven dollars of student loans outstanding at the time this report was compiled would equal four hundred and thirty five billion dollars. Only nine hundred and thirty five billion would be paid back and that didn't include about one hundred fifty tonnes originated by private lenders that are guaranteed by the government each year. The government lends a hundred billion dollars to students to cover tuition to more than six thousand. Colleges and universities doesn't look at credit scores or the field of study or whether students will make enough after graduating to cover the debt. The wall street journal article reported that between two thousand five in two thousand sixteen four intent student loans. Most of them federal went went to borrowers with credit scores below the subprime threshold. That's assuming they actually had a credit score. Which at the time. That i took out my first student loan which i'll talk about a little later in this episode. I didn't have a credit score. Nor frankly i know what i was doing. But here's the thing. The consultants found out that a major driver of those losses were students. Who went on some type of income driven repayment plan. An income share to wear they only had to pay a percentage of their income and ultimately the loan could be forgiven after a number of years. If a loan isn't paid back in full because the payments are based on income in income isn't growing and ultimately the alone is written off after twenty years or so then that will lead to a loss in addition that study found that there are millions of other borrowers that would default on smaller amounts typically less than ten thousand dollars after the drop out of a community college or a for profit college one of the comments in this wall street journal article on the private consultants conclusion regarding the potential losses. For the us government. Student loan program is that taxpayers would be on the hook for this if the government off four hundred and forty billion dollars of student loans. Us government would receive less interest income and principal payments annually interest if we assume a five percent interest rate on one and a half trillion dollars of student. Loans is is only about eighty five billion dollars. now. I say only because total. Us government revenue is three point four trillion dollars. Interest income from student loans is only about two and a half percent expenditures in fiscal year. Twenty twenty six and a half trillion dollars. The deficit was three point. One trillion fourteen point seven percent of economic output or gdp nominal gdp and fiscal year. Two thousand twenty was twenty one point two trillion dollars. This deficit was fourteen point seven percent of that number the highest since the great financial crisis where the deficit was nine point. Eight percent the highest deficit ever was in nineteen forty three at twenty nine point six percent of gdp. The us ran three point. One trillion deficit in twenty twenty and the federal reserve increased the amount of treasuries on their balance sheet essentially funding that deficit. Two point two trillion dollars is the additional treasury bonds that the federal reserve bought so two point two trillion of the three point one trillion dollar deficit. These student loans are tiny percent of what the government is spending much of which the federal reserve financed indirectly. Veterans are didn't just give the money to the treasury. they went through the county mechanism of buying treasury bonds. But that's what happened. The federal reserve created the money out of thin air to purchase treasury bonds to plug the deficit now when i started hearing about forgiving student. Loans cancelling them. My impression was the student loan. Burden is as high as it's ever been. That students are struggling tremendously compared to when i took out student loans in the late eighties and early nineties. What i found was the average student loan and again this is based on data from marc canter wits. This is just the average student loan balance for graduates with bachelor's degree when they leave school in one thousand nine hundred nineteen ninety-three. It was ninety three hundred dollars. Forty six percent of students had student loan debt. That's about how much i had little over ten thousand dollars in student loans. When i left graduate school today. The average student loan balance is twenty nine thousand nine hundred dollars just for students. With bachelor's degrees sixty nine percent of graduating students have student loan balances. That amount going from ninety three hundred to twenty nine thousand. Nine hundred was a four point. Six percent annual increase. Now that's a burden no doubt and if it growing at four point six percent it's growing faster than inflation yet if i look at what students are making when they graduate in nineteen ninety-three or year after they graduated so in nineteen ninety-four an engineer. Starting salary was thirty thousand. Nine hundred dollars. A humanities graduate was making twenty one thousand three hundred dollars so if we compare that salary to the amount of their debt engineer made three point three times. The amount of student loan debt they had and the humanities major may two point three times the amount of student loan debt they have if we look at what engineers typically make coming out of university. Today it's close to seventy thousand dollars or about two point three times the amount of their student debt back in one thousand nine hundred. They made three point three times the amount that they owed now. It's two point three times so they own more relative to their salary but the interest rates are lower now. So they're able to handle that. But it's not this huge change that i had expected for the humanities graduate. They went from earning two point. Three times Student loan balance to one point eight times now. Part of that is pell. Grants which are grants given to low income students to essentially pay for school. I got a lot of pell grants when i went to school. That program has only grown about three point nine percent per year the maximum payout amount per student so it has not grown as fast as student debt levels. Now we can say well may be. College graduates are able to find jobs. The unemployment rate for recent graduates was five point one percent in nineteen ninety-two it was three point. Nine percent before the pandemic hit in february twenty twenty and so a greater percentage of recent graduates had jobs in early. Twenty twenty then back in nineteen ninety-two now. The unemployment rate at least in september was nine point one percent according to some data from the new york fed which suggests that yeah Graduates are struggling to get jobs. It is harder today than it was in nineteen ninety two but not that much difficult. And i don't recall calls to cancel student. Loan debt back in the early to the mid ninety s
Raphael Warnock believes he'll win in Georgia. He tells us why.
"Raphael warnock. Welcome to the podcast. Great to be here with jonathan. We're talking because you're senate race where how many people you were running against their georgia in your race. I don't know if i could even kill the there. Were twenty one people in my race and the names were listed alphabetically. My last name is war. Knock okay and so as was the case. When i was in elementary school when the teacher said it's time to go to lunch or recess. I was the kid next to the last kid in line and so it was in this in this race. But i finish. I that's significant. I didn't know that the names were listed in alphabetical order. And your last name begins with a w. the person got the second most votes her name starts with an l. You got thirty two point nine at least as of right now. Last i looked thirty. Two point nine percent of the vote was it a million six votes already. And she's the incumbent who spent millions of dollars in this race that's right and you got almost a million more votes than the person who came in third which is the congressman who is trying to knock out the incumbent. So let's start at the beginning. Why did you think that now is the time to run for office and run for. Us senate well. My whole life has been about service. I'm pastor serve ovens a baptist church. But i've been engaged. These fights from that pulpit for years. I've been fighting for healthcare access and affordability for years standing up in acts of civil disobedience demanding that we expand medicaid in the state. I've been fighting for voting rights. I've worked alongside my friend stacy abrams. We registered through the new georgia project. Which i chaired. One hundred thousand new voters in the state. I've been standing up for the dignity of workers and they are ready to share in some of the prosperity that they've created and i think my passion for these issues emerges from my life story of someone who grew up in public housing down in savannah georgia one of twelve children number eleven and the first college graduate my family so my success as a result of hard work but also pell grants low interest student loans. Good public policy. I know the difference that good public policy makes. And that's why i'm running for the us senate and so in your campaign running around the state. That hasn't voted for a democrat for president since ninety. Two and president-elect joe biden is on the cuss of perhaps winning the state of georgia. Talk about one why prison-like biden's message seemed to resonate in georgia and what impact that has had on your race and also talk about what you've heard on the campaign trail because i you went all around. The state didn't just stay in atlanta campaigning. Nola point i've been moving all across the state. And you know that that's important jobs and because there is this narrative in georgia politics there's atlanta and then the rest of the state and so i'm from savannah southeast part of the state but i've been on a bus moving across the state up dropped by small towns like america's george cuthbert georgia and down randolph county and. The people are surprised. When i show up and i'm surprised that they're surprised but they say to me that they have not seen a candidate show up in their town which is interesting to me because i'm running to represent the whole state rural and urban the north and the south and i'm getting to see first hand that people are having and what do people concerned about. They're concerned about health care. They're concerned about the fact that they wanna make sure that they don't lose the coverage that they have that coverage is affordable. We've had eight hospitals to close in this state largely because we refuse to expand. Medicaid is the unnecessary war that the republican party has waged against president obama who no longer in office and the people are the casualties in that war. Their hospitals are closing in these rural areas devastated rural health care and also taking away jobs and so i think the people voted the other night when they voted for joan by and when david purdue failed to get a majority of his voters even though he's the incumbent and i finished ahead of kelly leffler even though she's the incumbent that people are voting for unity over division and chaos there voting for healthcare. They're voting for a livable wage and the ability to retire with dignity. They're voting for the best in the human condition and the american spirit when
Poverty rates continue to rise as virus relief talks fall through
"What is at stake here for this economy as there is clearly no relief coming right unemployment numbers yesterday still hundred and fifty nine, hundred, thousand people industrial production is down people are spending the savings they accumulated when they were getting the six hundred dollars of extra unemployment money How okay. Here's a starting question. How bad is it? Well I. Feel like I'm I'm I feel like I'm always so gloomy when I come on your show that. The situation does seem like it's getting worse I mean the number of Americans in poverty has grown by. Sixteen million in the last few months. Based on some estimates. And it had fallen at the pandemic start because of government aid of that aid had helped, push up household spending the summer probably economy. But now it's really long gone I. Feel like we're definitely at risk of the kind of persistent economic as we saw after the financial crisis so that really matters but administration officials now say it's GonNa be hard if not possible to get something done before the election. As you know, the President says he's grappling with Anti Pelosi, over an aid package by you know, the president still has pretty big. Divisions as well with Mitch McConnell I'm the president is floating figures on north of eight trillion for potential aid package by Senate Republicans. Say the reluctant to go above five hundred, billion of quite a lot of distance there between them well, Catherine Pell that gets me to you and to a newsletter that you and I both subscribed to which the politico playbook right? It's you know political details, gossip items and lots and lots of news there there afternoon update today had this as this subject line. We regret to inform you that Larry cudlow is saying things again, Larry Cudlow of course is the president's chief economic adviser one of them anyway, and he is Once again, saying things about this economy that are simply not true. and I wonder how troubling that is to you. Yeah I saw that I wasn't sure whether to laugh or to cry when I saw that headline kudlow basically said, we shouldn't be worried about the many many people who are unemployed because they're all starting new businesses and this is just creative destruction at work and look at to the extent that new businesses are being founded. That's good news we want more business creation. The real problem is that we've lost many multiples of that presumably thousands and thousands of small businesses not because their business models weren't viable not because you know they were unproductive they were shut down because of this massive force of. This sudden shock of the pandemic and for many of them, it became unsafe to continue operating. So it's not as if created described destruction usually think of as something where the unproductive businesses go out of. Operation because they don't, it's not they don't deserve to survive what they just can't compete. You know that that the strongest survive and get replaced the the ones that are not replaced by stronger ones. That's not really what's going on here. It's not that these companies were unproductive they were viable they're out of business because. The pandemic still sucks and the government response to it sexist well and. You know they're they're essentially the victims of mass government failure at this point, I would argue so celebrating this as. A flourishing of American capitalism, which is what Kudlow hit essentially said I, think is a little bit wrongheaded. Yes. Celebrate the entrepreneurs but remember that entrepreneurs are also going out of business through fault of their own Joseph Schumpeter Peters, probably rolling over in his grave. I would also point out honest once in that Mister Kudlow said today Oh yeah. We could totally get Republicans on boarding pass this bill, which is simply not granted in fact as Mitch McConnell told his yesterday but I wanna to pull back from the American economic situation for a minute and and point out two things internationally, which were times normal. We would be all over on this program number one? Boris Johnson the Prime Minister of the United Kingdom of Great Britain and Northern Ireland said today yeah. We're GONNA have to do brexit without a deal with the European Union and that people just have to get used to that number one and number two reporting you've done the European Union is going to be allowed by the World Trade Organization tariff the United States over its Boeing subsidies and I just global trade goes on and we we seem not to be paying attention. Yeah absolutely. I. Mean I think there's the prospect right now some really significant trade disruptions on between the in the UK and between. The you in the United States while both. And the United States have these weak economies in their seeing no end in sight to their krona virus cases. So I mean with Brexit you know this is just the latest deadline that they blown through and tax will continue but the prospect of this no deal Brexit is definitely getting more real and that could mean you know massive gridlock at the ports. All kinds of problems this December when there is this real cutoff. And with the Deputy o'casey mentioned. The now has the right to impose a four billion dollars of tariffs on the US in a trade case. There was a similar case last year where the US had got permission to impose seven point five, billion dollars in Paris on Europe. So the question is, can everybody come to a deal here? That would roll back both of those tariffs are we are we gonNA see more tensions in higher prices on both sides of the Atlantic now
"pell" Discussed on C-SPAN Radio
"These include Pell grants, Supplemental Education Opportunity Grants, Work studies, state grants based on need using federal need calculations such as Tennessee's Hope Scholarship or Veterans Programs such as the G I bill or post 9 11 G. I bill about 92,000, or 20% of the student athletes. Receive Pell grants, which could be up to $6200 Mohr. According to the College board. The value of a lifetime degree is $1 million over an individual's lifetime 88% of the student athletes graduate degree. This is a Senate Education Committee hearing on college athletics and athlete compensation. Now to the question at hand, should Congress act or should varying state laws governing Payments were name, image and likeness to student athletes is a patchwork set of regulations worth the confusion. It will cause with unrestrained boosters, creative agents, the impact of title nine on men and women's programs on a coach's effort and most of all, on the tradition of the intercollegiate student athlete solving that question will be the job of the Commerce Committee. But we can inform their decision with the day's testimony and senators comment. Based on my experience as a student athlete, my time is a university president. My membership on the Knight Commission. Let me offer these suggestions won. The Knight Commission was correct to say that student athletes should not be on the payroll and shouldn't be treated is hired hands to Congress should act, but in a limited way, it's possible to authorize an independent entity safe from litigation to write rules. Ring payments for the use of names, Image and likeness. Congress. Imagine all 535 of us doing this should provide aggressive oversight of that energy. Rather than try to write those rules, three that governing entity should be the way I know. I know the eyes controversy, so will every entity or any entity that tries to write rules for intercollegiate student athletes. He's not doing a good job. The presidents of the universities who were in charge of it ought to reform it. Giving the job to some existing entities such as the Federal Trade Commission, which does not have exercise any expertise or any sense of responsibility for higher education makes no sense. Giving the job to a new entity would take forever. Now is two rules. Which the relation right here's what I believe should be the overriding principle money paid. A student athletes for the use of their name, image and likeness should benefit all student athletes at that institution. Following this principle would allow the earnings to be used for additional academic support. Further study of four degrees, more health insurance options, more support for injured players and other needs. It would avoid the awkwardness of a center who earns nothing snapping the ball to a quarterback who earns a half million Dollars for promoting the local It avoids the inevitable abuse that would occur with agents and boosters becoming involved with outstanding high school athletes. It would avoid the unexpected consequences to other teams at an institution because of the impact of title nine or the impact on existing student aid athletes. Such a principles. I'm suggesting preserves the right of any athlete to earn money for the use of his or her name, image or likeness, it simply says. If you elect to be a student athlete you're earning should benefit all student athletes at your institution's. If you want to keep the money and be someone's employees, then go join a professional team Thiss system would create the same kind of choice is that today's Late rules for college baseball Require high school student stay three years if he chooses to participate in a college baseball program. Senator Kane and I were talking before the hearing about Virginia and Vanderbilt Space Fault. Take Vanderbilt, For example, David Price, Sonny Gray and Dansby Swanson familiar names to Major League baseball fans..
Peloton stock roars as earnings smash estimates, posts first ever profit on coronavirus boost
"They Paul Lamonica from CNN Business and Paul I. I don't know if there has been a company that has been more ubiquitous for the success that a company can have during a pandemic as Pel Aton, the home fitness equipment maker, and Self described tech company, I think has just seen a tremendous period of growth throughout all this, I think effectively tripled this year. What's What's your take on Pell Itan going forward at this point? Yeah. I mean, the company generated a profit in its latest quarter, and that is an encouraging finding that knocked on Saletan. I think Really was going to be whether or not they could actually generate earnings. And they are And if you point out now off more than 200% this year contract that with Planet fitness, which is a gym, and people are clearly Be wary. I think of going to him even with something being reopened. That stock is down 25 year to date. That's actually not that bad. When you consider what happening with some of the other companies in the industry, we had no 24 hour fitness. Laughter back with fecal Jim filed for bankruptcy. There are rumors that town sports is about to file for bankruptcy. Well, so you know, I think it is a legitimate friend if people want to work out at home, and they made Buying these pricey exercise bikes and other equipment from Helicon. Of course, the question is gonna be how sustainable is it? Well, people stick with routine and subscriptions that come along with it, or do these eventually become pricey? Anger's your clothes that you dropped, right? I mean, you know how many people have you talked to that? On January, 1st got that gym membership and then by January, 31st start no longer attending. But it's a significant upfront cost. How much does do you know how much the monthly subscription costs? Is it like 40 bucks a month. It's about that. I mean, they have a varying field, right? Ah, entry 0.4 people that that one and of course there's the upfront costs in the Purchase of the bite as well. But they are trying to branch out and do some things that are no more mobile subscriptions and online subscriptions so that you don't just have to pay that $39 a month. For the For the subscription that comes the bike is also a 12 99 month digital subscription. So you know, I think a lot of people are going to experiment with varying price point. Figure out what makes the most sense for that are they're going to need Thio shift their marketing strategy, too, If they're going to try and, you know, decrease the price point, because everyone I've that I've seen it's you know, some 30 year old working out in what must be a $5 Million high rise apartment. Ah, and I kind of critique that I was I was wrong because people love these products, but it would seem that they're marketing might be a little bit of a tweak if they're gonna start going downstream. Yeah. I mean, I think there is a thing of their head of global marketing. You know, black the company a few months ago. Helen Thomas, obviously, uh, marked for God, No, that went viral, You know, not that long ago. Seems like it was years ago. But it was not only what? Last year we had the Palestinian girl so I think it is definitely something that the company is aware of, and Congress enough that they need to probably a better job off marketing and not making me being life. If you know this elite, it I put product on ly for, you know, wealthier millennials. They definitely need to do a better job. I think of marketing, But you know, you can't really quibble with that when the company Doc is gone as well had, you know, I think you know, they probably recognized that that ad is effective and they're going to try and move forward. But, uh, you know they're doing extremely well, though. It's easy. It's a good problem to have. If people are making fun of your commercials when people are still buying it most certainly is Paul Lamonica from CNN business. Joining us to talk about Pel Aton Tio ticker symbol on Pellet on Petey. Oh, and Paul. Thank you for joining us appreciate
A Conversation with Mayor Eric Garcetti and Mayor Betsy Price
"This week. Ajc hosted the mayor of Los Angeles. Eric Garcetti and the mayor of Fort Worth Betsy price for a conversation about their leadership on the front lines of the COVID nineteen crisis fighting antisemitism in their cities and what it was like for them to travel to Israel with AJC THOUGH. Garcetti is a Democrat and price or Republican. They agree on so much and are able to talk productively through their disagreements. I think the conversation will help you feel better about America and I know that it did for me. You can sign up to watch this and other. Ajc's zoom programming all part of our advocacy anywhere series by going to AJC dot org slash advocacy anywhere. Now all had the microphone over to my colleague Melanie Maron. Pell who moderated the discussion. Thank you so much above mayor price than mayor. Garcetti for joining us today. It's so nice to see you both here and looking well first of all just really grateful that you're giving us some of your time today. We know how incredibly busy both of you are. And what the life of a mayor must be like. We can only imagine right now so if you can. Let's begin by just a little bit. About how the. Covid nineteen crisis has impacted your cities and Betsy. Why don't you kick us off? Sure thank you for having us. It's great to see everybody Melanie. It's great to see you. After traveling with Y'all we had a great time and go back in a heartbeat learned an incredible amount and mayor Garcetti. It's always fun to be on panels with you. He and I've done a of panels has dealt with this. We've been fortunate for city our size. We're about nine hundred thousand people. A very young city I average age is thirty one and yet we have a big population of quotes. Also and buried reverse demographics. Were thirty five percent. Y thirty six percent Latino in about nineteen percent African American. But we've been very lucky. Our numbers have not been near as high as some of the other Texas cities. We're very spread out city not allow public transportation. And when you're recruit MRS sometimes I walked at density will in this case the lack of density has really helped us. We've got about twenty seven hundred confirmed cases and as of yesterday about eighty eight deaths in the city The economic impact. I'm sure we're going to get into that later. But the economic impact on the city the loss of sales tax probably the downgrading of some property tax is GonNa hit. The city's budget were about one. What four billion dollar budget and we estimate this year alone will be about seventy million or more live managed our budget beard whale where very conservative especially responsible. So we're going to get through this but long-term. This is three to five year hit for cities on their budget particularly on tourism sign and for small businesses. Thank you and mayor. Garcetti but good to see Melanie Ameriprise. Always great to see you as well Awesome to be with. Ajc in all of you. Thank you for making the time to. I represented a small little city Global crossroads it's a place which we have folks who literally originate from every country in the world speak every language were added at diversity in that sense of belonging that we all have but it's also one in which we hold from that value to of come together very proud Los Angeles ca dense urban setting in the metropolitan area is the densest in the United States. But we've seen probably about a twentieth impact of what we saw New York City. We went very early into taking strong actions but that said we still had for state so we have a high number of cases relative to the middle of the pack of America. But we've done extensive testing so we'll under fifty thousand cases about two thousand deaths. But we've also were the first big city in America to offer universal testing with or without symptoms in thirty eight testing centers. We just opened up the Loyd testing center in America yesterday Dodger Stadium to six thousand tests day. And we're very proud. I think mayor price would agree. Mayors suddenly had to become health experts in usually. It's the state of the. That's in charge of that county's often have executives but sometimes don't so they set up to do extraordinary work but not necessarily always to make quick decisions or to stand up in crises. So we've had a state of emergency here Certainly use those powers to be able to stand up testing help expand capacities in our hospitals. Our numbers have stabilized and certainly adequate. Mayor Price received a devastating impact on states and cities in our budgets. Were also very fiscally conservative We haven't had bombed downgrading in this. We have the largest reserve fund in our history at said were Facing huge cuts just our basic services. So I hope that Washington continue to look at our local state governments key parts of our economy and helping stand up the site to defeat. And I'm interested to hear what this assistance would mean to you and your cities and what would be impact. What sorts of pets are you facing? I know you've already described the
PlayStation Studios brand will launch alongside PS5
"Sony has announced playstation studios and pulling this from curse frittering at Games Intrigue Dot Biz. Who writes Sony has developed a new umbrella brand unite? Its First Party playstation titles the playstation studios brand who will go live alongside playstation five later this year and will only be featured on games developed in managed by Sony Interactive Entertainment's Worldwide Studios Organization alongside the playstation has created a new opening video. That will appear at the at the start of its games. The video features characters from uncharted little big planet God of War Ration Clink Zero Don and the last quote we were really excited about this says Eric Pell Senior Vice President and head of global marketing at Sony Reactive
Cardinal George Pell Knew of Clergy Sex Abuse, Australian Report Finds
"An Australian royal commission has found that the disgraced cardinal George Pell was aware of child sexual abuse by clergy as early as the nineteen seventies the findings were previously redacted in order to not prejudice the trial of cardinal Pell he was charged with sexually abusing two choirboys in the nineteen nineties he was convicted last year but of course it on appeal
Australian court dismisses cardinal's sex abuse convictions
"Australia's highest court frees the Catholic cardinal George Pell from prison overturning his child sex abuse conviction judge's ruling that the jury ought to have entertained to Dallas about his guilt pals saying he holds no ill will toward his accuser hours after the ruling the pope offering his morning mass for those who suffer from unjust sentences boxes Simon known cardinal Pell was accused of
Cardinal Pell welcomes court's dismissal of abuse conviction
"In his first public statement since he was convicted in December twenty eighteen bill says I've consistently maintain my innocence while suffering from a serious injustice he also said he holds no ill will towards his accuser a former choirboy whose testimony was at the core of the prosecution pope Francis former finance minister had been the most senior Catholic found guilty of sexually abusing children and spent thirteen months in prison before seven High Court judges unanimously dismissed his convictions I'm Charles collect as much
"pell" Discussed on MyTalk 107.1
"Podcast what is going on here I've been canceled my traffic has been canceled and it was sponsored our song yes really weird who is the guy in the checkered suit that sold us the system anyway it is too late to get our money back there all right rob you okay you look like somebody just shot at you are you okay what's the traffic okay traffic well let's go down to Lakeville this one sponsored by cub foods northbound I. thirty five clicking off the cruise approaching county sixty riding those breaks up the bar killed suites do pick up once you're through the split but then of course you're gonna see jamming on northbound W. from highway thirteen up to one hundred pounds as for northbound thirty five beats the usual Pell mell flow from the old one ten into the capital interchange if you're bouncing into downtown Minneapolis on south on W. nothing but bumpers and brake lights from the call recorder to the Mississippi get extra savings at your fingertips with the tub like exclusive offers pre loaded savings and digital offers plus check your fuel rewards balance refill a prescription and even more download the cover up today and say our five Eyewitness News forecasts presented by southern lights partly cloudy forty today twenty eight overnight then sunny and forty five tomorrow.
"pell" Discussed on KDWN 720AM
"Again you may qualify for Pell grant student aid GI bill VA loan if your military financially to specialists on property and if you get into the poker dealing these are average prognostication numbers are based on legend statistics from a ton of people that are graduated to school over the last six seven years if you stored up vocal wise in the place you and you start up before may and then you go when you're dealing with poker between may and July during the WSOP World Series of poker average tips between ten and sixteen grand that is based on the criteria that they've been able to get over in their database based on years and years of us standing on the steps of getting to it enjoy yourself you know keep your brain working if you're you know do whatever you're doing craps roulette blackjack poker all that good stuff and no one knows those other games what the black around the pie guy you know all that stuff now is so many different games and is so many different jobs out there you can definitely get into and you enjoy doing because you're in a great environment you're in the C. out here in the heat you don't want to be so that's the place to be you could get it taken care with the talks and that and that and Simpson you surround great people and it's you know it's a fun environment you know it's not your money that you're losing you want the customer to win so you know what can you do that you know you can't complain when you're out there you know making or the other people money and it's a job to have and great field to get into and you know you want to get into it you can move up and you know starting at a job like that you know it's easy to get into and.