Discover and read the best of Twitter Threads about #StudentLoans

Most recents (19)

Did you know that the US currently has $1.75 Trillion of Student Loan Debt!!

That is like ₹13,42,49,50,00,00,000.02 or simply put around ₹1.3 crore crores.
(1/n)
#studentloans #StudentDebtCrisis
This figure beats the GDP of Canada and would rank 10th in the world if compared in terms of the GDP size of different nations. This figure is significant because it accounts for 64% of our country's GDP!!
(2/n)
Coming to India, our country presently has a Student Loan Debt of ₹84,965 crores, or we can say around $11.08 Billion.

Compared to other countries, this seems very less. But it is indeed one prominent subject to ponder upon!
(3/n)
Read 20 tweets
Sadly, #MedicareForAll will not help #healthcare costs until the underlying problem with MEDICARE and the ENTIRE HEALTH SYSTEM is FIXED, a LONG 🧵 1 of 24 #Medtwitter @somedocs @AmerMedicalAssn @WCMSSM @MichStateMedSoc References: bit.ly/3rBcvGP bit.ly/3lE3nxf
2/ b/c @SenateFloor @HouseFloor & @CMSGov are yet again not fixing the true problem & instead are again targeting #Physicians by decreasing payments by another 9.75% on top of the fact that reimbursements to providers has already been decreased by 22% over the past 2 decades
3/ On average only 40% of the what your #insurance , including #Medicare , pays your doctor actually goes to the doctor as #income . The overhead costs to be a doctor takes at least 60% of the payment a doctor gets from Medicare or Insurance equivalent. bit.ly/3ptDX6B
Read 25 tweets
A few years ago my husband @benblair and my brother @floodstreet set out to create the most affordable, accredited, U.S.-based online university, and make it available to students all over the world. And they've succeeded. It's called Newlane University.

newlaneuniversity.com
Each @NewlaneU degree is $1500, paid at $40/month. If you want to earn an Associates Degree & Bachelors Degree, that’s $3000 total. If you already have an Associates Degree, and want to earn a Bachelors Degree, it would be $1500. (The cheapest degree I've seen elsewhere is $5k.)
When you sign up, there's a one-time $249 registration fee. Try the program for 30 days and if it's not a good fit, no worries, they'll refund the fee. And you can pause the $40/mo at any time — like if there's a family matter that prevents you from studying for a few months.
Read 14 tweets
Daily Bookmarks to GAVNet 09/14/2021 greeneracresvaluenetwork.wordpress.com/2021/09/14/dai…
Scientists scramble to harvest ice cores as glaciers melt

reuters.com/lifestyle/scie…

#IceCores #GlacierMelt #ClimateChange #GlobalWarming
Beware the ‘multi-demic:’ Masking this fall will fight more than COVID-19

fastcompany.com/90674460/twind…

#masking #COVID19 #flu #PublicHealth
Read 8 tweets
Daily Bookmarks to GAVNet 06/26/2021 greeneracresvaluenetwork.wordpress.com/2021/06/26/dai…
Student loans, the racial wealth divide, and why we need full student debt cancellation

brookings.edu/research/stude…

#StudentLoans #DebtCancellation #RacialInequality #WealthDivide
The Delta Variant Is a Grave Danger to the Unvaccinated

newyorker.com/science/medica…

#delta #variant #COVID19 #VaccinationRate #consequences #risk
Read 10 tweets
1/ $SOFI is a Sleeping Giant👇
1.Banking Merger Pending
2.@Galileo_Tweets powers 70% of world #Fintech
3. Trades Crypto
4. Trades stocks
5. provides - all kind of Loans
6. provides Insurance
7. International expansion
8. single app for all your need
9. User growth very high
2/
#Sofi owns @Galileo_Tweets is the #amzn of #Fintech
2020: CEO Clay Wilkes Galileo Powers 👇

95% of digital banking in USA runs
70 of the top 100 #fintech in the world are clients, such as Robinhood, Chime, DAVE, Monzo, Moneylion, Transferwise, Klarna
seekingalpha.com/article/443416…
3/ When @Marqeta with 400M revenue is valued at ~ $16B then just the @Galileo_Tweets part of #sofi $SOFI needs to be valued at $8B .
Marqeta gets 400M Rev
Galileo gets 200M rev
what about valuation of banking , crypto, loans, insurance , Stocks , china expansion of #Sofi ?
Read 32 tweets
Daily Bookmarks to GAVNet 05/04/2021 greeneracresvaluenetwork.wordpress.com/2021/05/04/dai…
‘We are witnessing a crime against humanity’: Arundhati Roy on India’s Covid catastrophe

theguardian.com/news/2021/apr/…

#COVID19 #PandemicResponse #india #consequences
India’s massive COVID surge puzzles scientists

nature.com/articles/d4158…

#COVID19 #surge #india #research
Read 10 tweets
A little story: “Everything you need to learn to be a rocket scientist is available online, right now, for free."

Several years ago, @BenBlair (my husband) and @JoshStanley (my brother) learned that premise and it stuck with them.
If that premise was true (and they could see it clearly was true), then tuition rates should be falling — and falling fast. But they’re not. U.S. College Tuition is outrageous, and it gets worse every year!

theatlantic.com/education/arch…
In response, they set out to build the Most Affordable, Accredited, U.S.-based, Degree-Granting University possible — and make it available to students all over the world. And they’ve succeeded.

Permit me to brag a bit about what they’ve built and why it's so cool.
Read 18 tweets
This is the #DemPartyPlatform for 2020. This part is called: Providing Borrowers Relief from Crushing Student Debt
Only one party understands that the burden of our student debt crisis ($1.6 trillion) is preventing our young people from a productive present & a secure future.1/16
Student debt is holding millions of Americans back. The COVID-19 pandemic and President Trump’s recession are making it harder for those with student loans to make ends meet right now. 2/16 #DemPartyPlatform #StudentDebtCrisis
#Democrats will work to authorize up to $10,000 in student debt relief per borrower to help families weather this crisis.3/16 #DemPartyPlatform #StudentDebtCrisis
Read 16 tweets
During prayer this morning I rejoiced because I'm not #homeless. The last time we had a politically motivated #financial recession, the pres bailed out banks & big corps instead of the citizens. Contrast 2009 with this year. And, yes, it should be obvious to any thinking person
that we have a severe economic disruption every decade. Why is that? Is it b/c there's a new admin every 8 years? Yes and no. Perhaps we should amend the law so @realDonaldTrump can remain in office until Jan 2029 so we can KAG permanently. Make it so, LORD God Yehovah!
@realDonaldTrump Americans are waking up to realize how blatantly demonic, lifelong politicians mess around with the country's financials to create the appearance of disaster so they can shuffle #money where they want it. This one backfired big time, though, b/c DJT loves the country and people.
Read 18 tweets
One of the biggest cons the western financial system has created is this concept of "good debt".

Basically "Good debt is considered to be debt if it helps you get a job, like a student loan, or helps you earn money, like a business loan.

"Bad debt" is all other debt, but
basically personal loans, credit card debt etc. Home loans can be considered essential, but with care.

The reality is that there is NOTHING like "good debt". I say that because it plays on people's minds to throw caution to the wind and borrow recklessly because apparently you
are going to make money of that and become rich right?

WRONG!

I used to use the terms "Essential debt" and "Criminal debt", again with Home loans being in no man's land.

"Criminal debt" is that debt which you take on for pleasure/addiction etc.
Read 18 tweets
Two principle emotions are said to drive people's actions.

Love and fear are the strongest and of our emotions. They set the stage for how we react to new experiences. Who we become is from those experiences, which is most of our childhood. Emotions are how we develop as people.
The anxiety of knowing as a black person, a trip to the store, a jog, or simply coming home can lead to the untimely departure from your family... your place here on this Earth. This sits heavy on my heart.
I've known these emotions all my life. I've had to fear racism and racist acts. I've lived through the fear of death. But, I've also had the joy of seeing family and friends laugh together and the love of going to a crab feast. Anyone who knows me knows I love a good crab feast.
Read 5 tweets
Okay, before I got to bed, I am going to throw out some words garnered from the book I am reading at the moment... and no not Hugh Johnson's Pocket Book of Wine 2019. The one that is about making #money via a #sidehustle by @chrisguillebeau
1. Everyone should have a #sidehustle. It is a way to make some extra money and can be useful as insurance in case you lose that ever important day job. Your side hustle doesn't have to be a main gig and should be started with a specific goal in mind.
For instance, perhaps you have a vacation coming up and you want to make some extra money to pay for it. Maybe you want to pay off those #studentloans and you can use a side hustle to do it. or maybe you are bored out of your mind and want something to occupy your time.
Read 10 tweets
Yep, it's ANOTHER thread, this time about #studentloans and #debtcollectors.
Among all the usual stuff about how the whole "debt collection" business is 99% scammers and frauds masquerading as legit companies,
huffpost.com/entry/federal-…
and how the Trump administration is trying to legally protect their "right" to commit fraud, I found this stat that places a whole new spin on the "let's forgive student loan debt" argument.
#studentloans #debtcollectors
Show this to your angry older relatives who say "this will just reward lazy young people who got foolish degrees":
"According to a 2018 study by four bankruptcy law professors, the number of people ages 65 to 74 filing for bankruptcy has tripled since 1991,
#studentloans
Read 7 tweets
Fox Corp bought a majority stake in Credible Labs, which is a middleman for refinancing personal and student loans. 🤨

They take a cut from companies that give out the loans, which means they’re getting a cut of the personal & student loan pie.

#StudentLoans
No, they don’t charge users, but you know the companies who give out the loans are passing those charges along to you.

Not to mention all your data....
Read 3 tweets
1/ The 2017 tax law threatened TurboTax maker Intuit’s profits. So the company decided to address the threat by charging more lower-income Americans to file their taxes.

Here’s how it all went down — and how we at @ProPublica found out about it. 👇🏽👇🏽
2/ In our reporting, we kept hearing stories of people who clicked “free” but were charged $100 or more by TurboTax to file their taxes, apparently because they had #studentloans. So @justinelliott and @paulkiel started looking into it.
3/ With the help of former Intuit staffers and old versions of TurboTax from the @waybackmachine, they figured out what was going on: In response to the threat of simpler taxes ushered in by the new law, company execs huddled last year to figure out how to protect profits…
Read 11 tweets
I hope everyone who can, across the US, does everything they can to signal boost and protect @AOC. The CongressWoman is breaking norms and is therefore an existential threat to unchecked power.

Remember when the 'real ones' would call out injustice - until they got elected?
👇🏽🥇
@RepJimmyPanetta my local congressperson is all about dialogue while refusing to be bold. I remember having a conversation about it with a friend, grousing about 'Jimmy', the friend said Panetta can't do anything because he doesn't have any power - yet.

His dad was #CIA,
Chief of Staff, SecDef, and a beloved congressperson from MoCo.

His mom and dad are multimillionaires who have the Panetta Institute where THE most powerful come and normalize power (I enjoy the lectures though, guilty pleasure)

Their homebase is #Carmel, where absent AG titans
Read 15 tweets
This former tax attorney is about to go on a #twitterstorm about this #BillionairesFirst tax program & how it is contrary to our values 1/12
#BillionairesFirst tax plan eliminates the adoption deduction. There are 125K adoptions a year that cost about 20K a year. 2/12
#Sec1308 eliminates the deduction of medical expenses. Until #MedicareForAll we need this deduction. 19% of Americans used this in 2015 3/12
Read 12 tweets

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