Small Step For Big Student Loans

The Biden administration announced it will overhaul the student loan forgiveness program for public service employees. It was supposed to forgive certain federal loans of people who worked in the public sector or at non-profit jobs for at least 10 years, but about 98 percent of those who applied were denied. The change will help over a half-million borrowers.Work at all of the Kellogg Company’s U.S. cereal plants came to a halt. As of Tuesday, 1,400 workers across the country went on strike. Workers want better health care, holiday and vacation pay, and more. Before you panic shop, it is not immediately clear how much the supply of Frosted Flakes will be disrupted.And in headlines: a federal judge blocked the enforcement of Texas’s restrictive anti-abortion law, Mitch McConnell offered to suspend the country’s debt ceiling through December, and the New York Public Library announced no more late fees for overdue material.Show Notes:NY Times: “A Guide to Big Changes for Public Service Loan Forgiveness” – https://nyti.ms/3BeWyrIVice: “‘People Work 100 Days Straight’: Kellogg’s Workers Shut Down Cereal Factories” – https://bit.ly/3uOA2UeThe Guardian: “Wave of US labor unrest could see tens of thousands on strike within weeks” – https://bit.ly/3AnCdPzJonah Furman from Labor Notes – https://whogetsthebird.substack.com/p/weekly40