Posts by Evalena Labayen
President Trump on Mortgages
BIG tax cuts! That is the anthem of Trump’s mortgage plan for affordable housing. His appointed Secretary of Treasury Steven Mnuchin announced a cap on mortgage interest deductions that will overall benefit the wealthy more than the intended middle class. Ironically, this plan will cost the United States $96 million, paid for by foregone taxes.…
Read MoreSupreme Court and Bankruptcy News
The Supreme Court faces a decision that could change Chapter 11 bankruptcy indefinitely. In 2006, the Jevic Transportation Company was buyed out for $77.4 million by the private equity firm Sun Capital Partners. Two years later, Jevic had to file for Chapter 11 bankruptcy because of too much debt. The bankruptcy put 1,785 drivers and…
Read MoreDepartment of Education vs. Obama
Obama has become the poster boy for the Democratic Party, accomplishing universal health care, legalizing gay marriage, recovering a nation in an economic crisis, and solving countless other problems during his presidency. One of the last issues he hopes to improve before leaving office is student loan reform. He has gone after corrupt career training…
Read MoreHitting My Head Against The Wall
(The following post is from an anonymous high school student) Student loans . . . Really, what is it? For students still in high school they depend on their parents to pass on their college experience to help them, which is bad for kids whose parents didn’t go to college or just community college. From…
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