Katie Lobosco

Katie Lobosco is a journalist with a focus on economic policy decisions and their impact on people across the country. She previously covered consumer finance for CNN Business, including the impacts of the 2017 federal tax reform, the massive Equifax data breach, and how Americans are struggling to pay down their student debt. Before joining CNN in 2013, Lobosco was a reporter for a local New Jersey newspaper, The Coast Star. She is a graduate of Gettysburg College and holds a master's degree in business journalism from New York University.

Biography:  https://www.cnn.com/profiles/katie-lobosco

75%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.

Bias

86%

Examples:

  • The article quotes President Biden as saying 'If you continue your career in public service, you're on track to get your eligible student loans forgiven in less than two years through Public Service Loan Forgiveness.' This statement is also misleading because it implies that all borrowers who are currently working in public-sector jobs will have their loans completely cancelled within the next two years. However, this is not true as PSLF requires borrowers to make 10 years of monthly payments before they become eligible for loan forgiveness.
  • The article states that 'Biden put a temporary waiver in place, expanding eligibility so that some borrowers could retroactively receive credit for past payments that did not otherwise qualify for PSLF.' This statement is misleading because it implies that all borrowers who were previously denied loan forgiveness under PSLF can now apply and have their loans cancelled. However, this is not true as eligibility requirements still need to be met.
  • The article states that President Biden has forgiven $5.8 billion in student loan debt for nearly 78,000 public-sector workers but it only implies that all borrowers will have their loans completely cancelled when in fact they are only eligible for a portion of the total amount to be forgiven under Public Service Loan Forgiveness (PSLF).
  • The author uses language that portrays the Biden administration as being more generous than previous presidents in terms of canceling federal student loan debt for borrowers.

Conflicts of Interest

75%

Examples:

  • The author's previous employment at a local newspaper and her master's degree in business journalism from New York University could be seen as potential conflicts of interest, but no actual conflicts have been identified in her current reporting.

Contradictions

90%

Examples:

  • Borrowers eligible for this new debt forgiveness have been enrolled in repayment plans for at least 10 years and originally borrowed $12,000 or less for college.
  • The FAFSA rollout this year has resulted in multiple problems and delays.
  • The IRS is using additional funds from the act to improve taxpayer services and modernize its systems.

Deceptions

62%

Examples:

  • The article mentions that nearly $138 billion in federal student loan debt has been canceled for almost 3.9 million borrowers since Biden took office but does not provide any context or comparison to previous administrations' efforts in this regard.
  • The article states that 'Biden started sending emails to borrowers who are getting student loan forgiveness last month when it announced a round of debt relief worth about $1.2 billion.' This statement is misleading because it implies that all borrowers who received debt relief were informed via email when in fact some may not have received an email from Biden.

Recent Articles

IRS Targets $50 Billion Tax Loophole Used by Large Partnerships: Wealthy Taxpayers to Face Increased Audits

IRS Targets $50 Billion Tax Loophole Used by Large Partnerships: Wealthy Taxpayers to Face Increased Audits

Broke On: Monday, 17 June 2024 IRS and Treasury aim to close major tax loophole used by large partnerships, raising an estimated $50 billion in revenue over a decade. The plan targets related party basis shifting, increasing audits on wealthy taxpayers and complex partnerships due to a $160 billion annual tax gap attributed to top filers.
FAFSA Technical Glitches Leave Thousands of College-Bound Students Uncertain of Financial Aid Prospects

FAFSA Technical Glitches Leave Thousands of College-Bound Students Uncertain of Financial Aid Prospects

Broke On: Thursday, 16 May 2024 FAFSA technical issues at multiple high schools have left hundreds of college-bound seniors uncertain about their financial aid prospects and college decisions. The U.S. Department of Education aims to increase enrollment, particularly for first-time and underrepresented students, by providing additional support during the application process.
Biden Forgives $5.8 Billion in Student Debt for Public Service Workers

Biden Forgives $5.8 Billion in Student Debt for Public Service Workers

Broke On: Thursday, 21 March 2024 President Biden's administration has announced the forgiveness of $5.8 billion in student debt for nearly 78,000 public service workers through the Public Service Loan Forgiveness program, including teachers, nurses and firefighters.
President Biden Announces Zeroed Out Loan Balances for Nearly 153,000 Borrowers in SAVE Program

President Biden Announces Zeroed Out Loan Balances for Nearly 153,000 Borrowers in SAVE Program

Broke On: Wednesday, 21 February 2024 President Biden announced that the federal Education Department has zeroed out loan balances for nearly 153,000 borrowers enrolled in his signature repayment plan called SAVE. The program provides debt relief to people who need it most by addressing the root cause of high college costs. Eligible borrowers have been paying their student loans for at least 10 years and originally borrowed $12,000 or less for college and enrolled in the SAVE plan.

Biden Administration Announces Additional $4.8 Billion in Student Loan Forgiveness

Broke On: Wednesday, 06 December 2023 The Biden administration has announced the forgiveness of an additional $4.8 billion in student loan debt, affecting over 80,000 borrowers. This brings the total approved debt cancellation by the Biden administration to nearly $132 billion, benefiting over 3.6 million Americans. Over $2 billion of the aid will go to borrowers enrolled in income-driven repayment plans, while $2.6 billion will be allocated to borrowers who have worked in public service for a decade or more.

University Presidents Testify Before Congress on Antisemitism on Campuses

Broke On: Tuesday, 05 December 2023 The presidents of Harvard, MIT, and UPenn testified before Congress about rising antisemitism on their campuses. The universities are taking steps to combat antisemitism, including increasing security and providing mental health support. The Department of Education has opened investigations into several colleges, including Harvard and Penn, under Title VI of the Civil Rights Act.