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Joe Biden Government To Cancel Another $1.2 Billion of Student Loans

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Joe Biden Government To Cancel Another $1.2 Billion of Student Loans

Current US President Joe Biden, who is seeking re-election this year, announced on February 21, 2024, that his government is canceling $1.2 billion worth of student loans for nearly 153,000 borrowers.

President Biden is fulfilling a promise he made earlier to increase loan forgiveness.

President Joe Biden, who is a Democrat, had last year promised to look for other means to tackle debt relief, especially after the Supreme Court in June 2023 blocked his broader plan to cancel $430 billion in student loan debt.

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Joe Biden has been very vociferous in advocating for student loan forgiveness on a wide scale. During a trip to California, where he was primarily for fundraising, he said that a college degree was a ticket for a good life but the ticket is too expensive.

Biden also added that the latest sops will be a huge fillip for graduates of community colleges and borrowers with smaller loans, putting them back on track faster for debt forgiveness than ever before. As per a statement from the White House, the present administration has now canceled some $138 billion in student debt for nearly 3.9 million people through executive actions.

The latest relief will be applicable for people enrolled in a repayment program titled ‘Saving on a Valuable Education (SAVE).’ It covers people who have borrowed less than $12,000 and have been repaying the money for at least 10 years.

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The ‘Saving on a Valuable Education (SAVE)’ is designed to take into account a debt holder’s income and family size when setting monthly payments. It also ensures that balances do not increase from unpaid interest if the borrowers are making regular payments.

Recipients of the relief will receive an email from Biden which is as follows-

“I hope this relief gives you a little more breathing room. I’ve heard from countless people who have told me that relieving the burden of their student loan debt will allow them to support themselves and their families, buy their first home, start a small business, and move forward with life plans they’ve put on hold.”

The President’s debt relief program has evoked mixed responses. While some have hailed the debt relief program, in which the administration has forgiven about $138 billion in student loans for 3.9 million people using the existing relief programs, they are asking for a more sweeping loan forgiveness plan, something the Supreme Court has rejected.

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On the other hand, the Republicans have dubbed the current exercise as one that comes at the expense of other taxpayers, many of whom never attended college.

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Manoj Nair: With a decade of news writing across various media platforms, Manoj is a seasoned professional. His dual role as an English teacher underscores his command over communication. He adeptly covers Politics, Technology, Crypto, and more, reflecting a broad and insightful perspective that engages and informs diverse audiences.

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Bank of America Associate Dies with Acute Coronary Artery Thrombus

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Bank of America Associate Dies with Acute Coronary Artery Thrombus

Bank of America (BAC. N) announced on Monday that an investment banker at the organization met his/her ultimate demise. 

While the netizens are searching and speculating about the reason behind a Bank of America employee’s death, it is unveiled that the deceased passed away of natural causes, reported Reuters.

The details were confirmed by the Chief Medical Examiner of the New York Office when he was asked about decoding the possible reasons for the employees’ deaths. An email from the New York Office confirmed this. 

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The organization announced that the person “died of acute coronary artery thrombus.” The alleged disease “causes the formation of a blood clot inside a blood vessel of the heart.”

In the wake of this, the employer organization, Bank of America, announced that it would extend support to the deceased’s family. It further added, “our focus is on doing whatever we can to support the family and our team, who are devastated.”

Identity of the Individual 

Until now, Bank of America hasn’t disclosed the individual’s identity, age or name. 

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Even the deceased’s relatives have not shared the identity of the person, while they continue to grieve about his/her death.

The deceased employee was an important part of the FIG or financial institutions group. The work of FIG is to provide advices to bank clients regarding deals. 

A source familiar with the deceased employee of Bank of America revealed that the employee was to also be “a former member of the U.S. Green Beret special forces.”

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As per another person associated with this matter, the Bank of America employee met his/her ultimate demise on Thursday. 

According to Nairametrics, this tragic death incident follows certain complaints by junior banking colleagues. The complaints comprise working hours of employees being more than 100 hours a week during 2020 and beyond.

Also Read: LVAC Shooting Update: Male Suspect Arrested, Near Las Vegas Gym On Flamingo Road

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New-Age Cheating Explained as IB Paper Leak Got 45K+ Downloads 

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New-Age Cheating Explained as IB Paper Leak Got 45K+ Downloads 

New-age cheating has currently dominated the of media headlines and social media platforms.

In this, students who sat for Class XII board exams for the International Baccalaureate Diploma Programme (IBDP) reportedly learned the question in on a Mathematics paper.

Later, they shared the questions online on social media. Moreover, they assisted students in different time zones who were yet to sit for the exam. 

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According to TOI, on May 1 and 2, the Math exam for two hours was conducted. However, reportedly on May 3, paper leaked news was discovered. 

These annual exams are conducted by IB in three time zones. 

IB has acknowledged the question leak situation due to difference in time zones. However, the country of origin of the leak hasn’t been made public yet. 

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Reportedly, principals in Mumbai alleged that the part was leaked from Turkey. 

Due to the time zone difference, the paper leak is more likely to benefit students in the Americas, Europe, Singapore, and Hong Kong. Moreover, it is less likely to benefit Indian students. 

The highlights of the report added that this is probably the first instance of a paper leak. The Switzerland-based board witnessed this scenario for the first time in its 55-year history, adds FirstPost.

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On Sunday, IB stated that there was no concrete evidence of the spread of the “time zone cheating.” However, they did discover a number of students who were involved in the practice. 

SCMP reported that “the materials were downloaded more than 45,000 times.”

What is the International Baccalaureate (IB)?

International Baccalaureate (IB) is a Switzerland-based board for providing education to students. It was founded in 1968 and is headquartered in Geneva, Switzerland. 

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Its curriculum is divided into 4 programmes for students from 3–19 years. 

1. Primary Years Programme (3-12 years)

2. Middle Years Programme (11-16 years)

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3. Diploma Programme (16-19 years)

4. Career-Related Programme (16-19 years)

India has a total of 210 IB World schools. Chennai, Bangalore, Kolkata, Mumbai and New Delhi have the larger concentrations of schools in India.

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Also Read: Mastermind of Rajasthan JEN paper leak case nabbed after three years

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North Braddock Church Shooting: Bernard Polite Threatened Pastor, Got Arrested

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North Braddock Church Shooting: Bernard Polite Threatened Pastor, Got Arrested

A church service in North Braddock, Pennsylvania was agitatedly disturbed on Sunday. 

A 26-year-old man, who was identified as Bernard Polite, is said to be behind the shooting that took place at Jesus’ Dwelling Place Church. 

Bernard Polite allegedly brandished a firearm during his sermon targeting Pastor Glenn Germany. 

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The shooting incident at North Braddock Church occurred shortly after 1 p.m.  NBC reported that Pennsylvania State Police charged the 26-year-old. 

Video Footage Obtained 

A video clip was obtained by the church’s deacon. Pastor Glenn Germany shared the footage online. In the clip, an alarming moment can be spotted when “the pastor was confronted by Polite, with the firearm visibly aimed in his direction.”

Pastor Germany said, “I was like, this is not happening” to CBS

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In the video, Deacon Clarence McCallister could also be spotted rushing towards the 26-year-old and throwing him to the ground. Deacon revealed that it was his stimulus that worked, as his mind reacted promptly to the pandemonium. 

Prior to this shooting incident, congregants had accumulated at the Jesus’ Dwelling Place Church to participate in the religious proceedings. Pastor Glenn Germany was guiding everyone. 

However, the peace of the surroundings broke out when police entered the church wielding a firearm with alleged intent.

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The attack on Pastor Glenn Germany is a lesson for the world to understand the importance of having strong security measures at in church. The safety of parishioners and clergy personnel should not be avoided at any cost. 

Many houses of worship are equipped with increased security. However, prompt readiness and alertness needs to be emphasized. 

According to TimesNow, congregations and religious leaders were advised by the authorities to continue being proactive and watchful while resolving any potential threats approaching.

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Also Read: LVAC Shooting Update: Male Suspect Arrested, Near Las Vegas Gym On Flamingo Road

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