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Student debt forgiveness could create an economic boom. John Iadarola and Jose Caballero break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.marketwatch.com/story/how-wiping-out-15-trillion-in-student-debt-would-boost-the-economy-2019-09-09 "Student-debt cancellation, once viewed as a niche political issue, has now, with loans topping a staggering $1.5 trillion, made it onto the platforms of major presidential candidates. Since at least the Great Recession a decade ago, borrowers, activists and others have been building a case that erasing debt acquired during students college years is a matter of economic justice. More recently, researchers have found that canceling some or all of the nation’s outstanding student debt has the potential to boost gross domestic product, narrow the widening racial wealth gap and liberate millions of Americans from a financial albatross that previous generations never had to contend with. Sens. Elizabeth Warren and Bernie Sanders, both vying for the Democratic nomination for president, are proposing to wipe away some or all of the country’s burdensome debt as a key part of their campaigns. They plan to pay for it — and accompanying proposals to make public college tuition-free — by raising taxes on the wealthy. Warren estimates her plan would cost $1.25 trillion over 10 years, and Sanders says his would cost $2.2 trillion." #TheDamageReport #JohnIadarola #TheYoungTurksNovember 26

Bernie Sanders’ new imitative gives voice to HBCUs. John Iadarola, Brooke Thomas, Nina Turner, and Phillip Agnew break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://thehill.com/homenews/campaign/461323-sanders-to-visit-three-historically-black-colleges-as-part-of-campus-tour “White House hopeful Sen. Bernie Sanders (I-Vt.) announced Friday he will visit three historically black colleges and universities (HBCUs) during a multiday tour in North and South Carolina as he seeks to chip into former Vice President Joe Biden’s lead among African American voters. The tour includes stops at North Carolina A&T State University, Benedict College and South Carolina State University, the three HBCUs, as well as University of North Carolina at Chapel Hill and Winthrop University. The campaign said in a press release that the trip is intended to “engage students on issues that matter to them, including Senator Sanders’ plan to cancel all student loan debt and make public colleges and universities tuition-free.” Sanders will be joined on the tour by campaign co-chairs Nina Turner and Ben Cohen — the co-founder of Ben & Jerry’s — as well as other surrogates for his campaign including rapper Killer Mike, activist Phillip Agnew, actor Danny Glover and professors Cornel West and Adolph Reed. The tour comes as Sanders and other Democratic contenders seek to win over African American voters who have largely backed Biden in polls.” #TheDamageReport #JohnIadarola #TheYoungTurksNovember 18

The dean of students at the University of Alabama has resigned after a Breitbart hit piece. September 6

ProPublica just discovered the trick wealthy families use to get more financial aid for college. July 30

Kamala Harris addresses student loan forgiveness on Twitter. Brooke Thomas and Brett Erlich break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.forbes.com/sites/eriksherman/2019/07/29/kamala-harris-student-loan-forgiveness/#1e9fbf136f95 "Student loan forgiveness has become a major issue in presidential politics, given that accumulated debt in the category has been rising rapidly, according to the Federal Reserve Bank of New York. The total reached $1.5 trillion in the first quarter of the year spread across roughly 20% of the population. Of the total, 11.4% of the aggregate debt is either 90 plus days in arrears or in default. Reportedly, only 54% of those with student loans make consistent payments. It's a disaster in the making, with many barely treading water. So, yes, student loan forgiveness is a hot issue—the real underlying cause being the cost of college, but fixing that doesn't change the spot many are in—and presidential candidates are addressing it. Some want major loan forgiveness. Kamala Harris got some attention over the weekend for a student loan forgiveness program she suggested, involving entrepreneurship in disadvantaged communities. But there are many problems with it that undermine the entire concept." #TheDamageReport #JohnIadarola #TheYoungTurksJuly 29

Bernie Sanders unveiled his new plan to eliminate all student loan debt. John Iadarola and Brooke Thomas break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.vox.com/policy-and-politics/2019/6/23/18714615/bernie-sanders-free-college-for-all-2020-student-loan-debt Sen. Bernie Sanders’s proposal to make college free in the United States just got bigger: He wants to erase all student debt too. All $1.6 trillion of it. "The Vermont senator will unveil the most ambitious higher education plan in the Democratic 2020 presidential primary so far on Monday. The proposal would make two- and four-year public and tribal colleges and universities tuition-free and debt-free, and erase the roughly $1.6 trillion in student loan debt currently owed in the US, paid for by a tax on Wall Street. Currently, about 45 million Americans have student loans. This would cancel debt for all of them — regardless of their income or assets. That’s a notable difference from Sen. Elizabeth Warren’s free college proposal, which also provides broad debt relief but caps it for households with incomes over $250,000. Sanders is proposing funding streams to states, tribes, and historically black colleges and universities (HBCUs) to allow them to eliminate undergraduate tuition and fees. The bill would also increase spending on work-study programs and build up federal grant programs for low-income students for additional costs related to getting an education, from housing and transportation to buying books." #TheDamageReport #JohnIadarola #TheYoungTurksJune 24

Educators and students united to demonstrate against school privatization. John Iadarola and Jitu Brown break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.wbur.org/edify/2019/05/22/higher-education-funding-demonstration "The fifth day of a State House demonstration organized by UMass Amherst students ended Wednesday afternoon after their loud chanting clashed with a nearby ceremony honoring 15 fallen service members. Student organizers had planned to end their days-long sit-in on Wednesday, while demanding a meeting with House Speaker Robert DeLeo to push for legislation to increase state aid to public colleges and to make public college debt free for Massachusetts residents. Members of the group met briefly with state Senate President Karen Spilka Monday. "The [state] funding levels have decreased and the burden of paying for education has fallen on students," said rising UMass Amherst sophomore Emma Kinney, who expects to have $50,000 worth of loans when she graduates. "We've said it a million times and they don't do anything, and so if we need to sit in, then we will. And if we need to come back and do it again, then we will." Kinney said she works 35 hours a week, in addition to being a full-time student, in order to make ends meet." #TheDamageReport #JohnIadarola #TheYoungTurksMay 23

Billionaire Robert Smith gave the graduates of Morehouse college the best gift they could've asked for. John Iadarola and Brooke Thomas break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.cbsnews.com/news/who-is-morehouse-billionaire-robert-f-smith/ "Members of Morehouse College's class of 2019 received more than their diplomas at the college's commencement ceremony Sunday when honorary degree recipient Robert F. Smith announced he would eliminate the entire class's student debt. "This is my class, 2019," he said. "And my family is making a grant to eliminate their student loans." Morehouse is an all-male, historically black college in Atlanta. The billionaire's gift is estimated to be worth about $40 million, based on the combined debt shouldered by the graduating class's nearly 400 students, making it the single largest individual donation to a historically black college or university." #TheDamageReport #JohnIadarola #TheYoungTurksMay 20

The future of Space Force will steal from the future of students. May 14

Elizabeth Warren’s plan for student loan debt is making conservative heads roll. April 23

Elizabeth Warren is on a mission to end student debt! April 22

Elizabeth Warren wants to eliminate nearly all student loan debt. John Iadarola and Brooke Thomas break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.theatlantic.com/education/archive/2019/04/elizabeth-warren-cancel-student-debt-make-public-college-free/587683/ "Student debt is a crisis, for students and for graduates living with debt. There’s near-universal bipartisan agreement that reform is desperately needed, but almost as much disagreement about what, exactly, to do about it. On Monday, Senator Elizabeth Warren, one of the Democratic hopefuls vying for the White House in 2020, released a comprehensive college-affordability plan that she believes could fix a fundamentally flawed system of paying for college. In a Medium post, Warren criticized the government’s hands-off approach as affordable access to America’s universities declined. “Rather than stepping in to hold states accountable, or to pick up more of the tab and keep costs reasonable, the federal government went with a third option: pushing families that can’t afford to pay the outrageous costs of higher education towards taking out loans,” she wrote in the post. To remedy this, she is calling for a series of ambitious proposals, including the cancellation of student debt, universal free public college, and greater support for minority and low-income students. Of course, Warren is not the first politician to call for any of these policies specifically, but the details of her plan separate her reform package from the pack; she plans to pay for it with her “ultra-millionaire tax”—an annual 2 percent tax on families with $50 million or more in wealth. Critics of a wealth tax argue that it would be difficult to implement—accounting for assets such as antiques or land poses considerable difficulties—and that it would lead to more aggressive tax avoidance." #TheDamageReport #JohnIadarola #TYTNetworkApril 22

The student body of Georgetown voted in favor of a tuition increase for a very good reason. John Iadarola and Brooke Thomas break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.theguardian.com/world/2019/apr/15/georgetown-students-reparations-vote-slaves-sold-by-university "Students at Georgetown University in Washington DC have voted in favour of paying reparations to the descendants of enslaved people who were sold by Jesuit founders to pay off college debts. In 1838, Georgetown Jesuits sold 272 people who worked on plantations in Maryland. Slavery was abolished in the US in 1865, after the civil war. Debate over whether descendants of enslaved people should receive reparations is longstanding. The idea has been discussed on a national stage this year, among candidates for the Democratic presidential nomination. Results released on Friday showed two-thirds of Georgetown undergraduates who voted in a non-binding referendum said payments should be funded in their case by a fee that would apply to all undergraduate students. Richard Cellini, founder of the Georgetown Memory Project, which has raised money to identify thousands of descendants of the people sold in 1838, told the Guardian the vote was “momentous”. “It makes me very proud of the students,” he said. “My guess is that the university will do what it’s always done, which is soft-talk and slow-walk this, but I hope I’m wrong.” #TheDamageReport #JohnIadarola #TYTNetworkApril 15

What do you need to prepare for if you're sentenced to prison? John Iadarola and federal prison consultant Justin Paperny break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.cnn.com/2019/03/22/us/consultant-advice-college-admissions-suspects/index.html (CNN)For people charged in the college admissions cheating scandal, Justin Paperny has plain-spoken advice: If you did it, admit it and take responsibility for your wrongdoings. "Paperny founded the company White Collar Advice, which advises people facing time in federal prisons for non-violent and financial crimes. His goal is to get clients the lowest possible sentence. CNN has confirmed that Paperny has been hired by at least one parent associated with the college admissions cheating case. He says he's speaking to multiple others as well. "Their mood is one of shock and devastation," Paperny said. "They never imagined in a million years they would end up as defendants in a criminal case." #TheDamageReport #JohnIadarola #TYTNetworkMarch 28

The College Admissions Scandal is PEAK capitalism. Hasan Piker breaks down how these parallels of inequality exist all over our system. March 14

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