Student loan forgiveness: Joe Biden’s debt plan today

Ruben Onsu

The gift of student loan debt forgiveness may be on its way.


Sarah Tew/CNET

The amount of student loan debt in the US is roughly $1.7 trillion, right behind home mortgages in consumer debt. Will President Joe Biden cancel $10,000 of student loan debt? Several members of Congress are urging Biden to forgive $50,000 per student. “America is facing a student loan time bomb,” Sen. Elizabeth Warren said during a Senate hearing on April 13. The explosion, she said, “could throw millions of families over a financial cliff.”

Provisions like a third stimulus check (and “plus-up payments

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The Long Fight to Cancel Student Loans

Ruben Onsu

Those who object to canceling student debt usually point to income quintiles: People with large quantities of debt—i.e., people who went to graduate school—are more likely to earn high incomes. Some critics even argue that cancellation would be “regressive,” that it would give the biggest boost to high earners and those privileged enough to go to college in the first place. Conservatives often cite the unfairness of forgiveness for those who saved for college or already paid off their debts (a critique that could be levied against all progress)—or the burden on the elusive “taxpayer,” as though student

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Judge Rules Against Nir Meir over Loan Defaults

Ruben Onsu

1135 Lexington Avenue and Nir Meir (Google Maps, iStock)

UPDATED April 20, 2020, 11:30 a.m.: It must have seemed like a sure thing: a luxury condominium development on the Upper East Side.

To assemble the properties needed for the project, HFZ Capital borrowed $20.5 million from an Israeli investor. The developer’s top brass, Ziel Feldman and Nir Meir, provided personal guarantees on the loan in case something went wrong.

It did.

The development never got off the ground and in 2019, HFZ defaulted on its debt. But now the lender’s attempts to collect on the guarantees has become a drama

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Earnest Student Loan Refinancing Review

Ruben Onsu

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.

When you refinance your student loans, you can take advantage of a lower interest rate while also consolidating multiple loans into one monthly payment. The caveat is that you typically need good or excellent credit (at least a 670 credit score) in order to qualify.

There are, however, very few private lenders whose eligibility requirements allow applicants to have less-than-stellar credit. Earnest is

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Tricera Capital Obtains $51M Loan for Metro Miami Project

Ruben Onsu
Shops at The Press. Image courtesy of Tricera Capital

Tricera Capital has landed a $50.8 million refinancing of its mixed-use adaptive reuse project in West Palm Beach, Fla.


READ ALSO: Investors Focus on Building Health More Than Ever: Study


The refinancing was provided by Monroe Capital LLC and will allow Tricera to replace an existing loan and continue developing The Press, its nearly 360,000-square-foot retail and office project. Ackman-Ziff Real Estate Group’s Jason Krane and Simon Ziff arranged the financing, while Polsinelli was Tricera’s legal representative for the transaction.

In February 2019, Tricera acquired the 11-acre site at 2751

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Student loan forgiveness: Where Biden’s plan to clear debt stands now

Ruben Onsu

The gift of student loan debt forgiveness may be on its way.


Sarah Tew/CNET

Will President Joe Biden cancel $10,000 of student loan debt? Currently, the US loan debt sits at an accumulated total of roughly $1.7 trillion, making it second in consumer debt behind home mortgages. Members of Congress are urging Biden to forgive $50,000 per student. “America is facing a student loan time bomb,” Sen. Elizabeth Warren said during a Senate hearing on April 13. The explosion, she said, “could throw millions of families over a financial cliff.”

The American Rescue Plan included provisions to

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