Ayelet Sheffey
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
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Recent Articles
Federal Judges Issue Injunctions Against Biden's Student Loan Repayment Plan: What Happened and Why
Broke On: Tuesday, 25 June 2024Two federal judges issued injunctions on July 1, 2024, halting key components of President Biden's student loan repayment plan, Save. The rulings followed lawsuits from Republican-led states challenging the administration's authority. Judge Daniel D. Crabtree in Kansas blocked the reduction of borrowers' payments by half for undergraduate students, while Judge John A. Ross in Missouri prevented loan forgiveness through Save. Gen Z Takes the Lead in Early Investing and Retirement Savings: A Proactive Approach to Personal Finance
Broke On: Friday, 14 June 2024Gen Z leads in early investing and retirement savings with an average age of 19, contributing to their improved financial outlook. Over 60% of Americans believe they are better off financially than previous generations due to more opportunities, easier access to investments, and a wider range of options. Gen Z's financial confidence stems from early investment habits and various methods like Roth IRAs and fractional shares. Wage increases in the jobs market further fuel their optimism, but inflation remains a concern. Republican States Challenge Biden's Student Loan Repayment Plan in Lawsuit
Broke On: Friday, 29 March 2024A group of Republican-led states filed a lawsuit against President Biden and the Department of Education to block his latest student loan repayment plan, known as Save. The program provides lower monthly payments for millions of borrowers and is designed to provide faster debt relief than previous plans. However, attorneys general from 11 states argue that the shortened timeline for debt relief through this plan is unconstitutional and violates Supreme Court decisions on student loan forgiveness. Biden Proposes Ambitious New Student Debt Relief Plan
Broke On: Thursday, 15 February 2024The Biden administration proposes an ambitious new way to determine which low-income Americans could qualify for student debt relief. The plan would bring automatic relief for borrowers who are highly likely to be in default in two years, potentially giving forgiveness to hundreds of thousands of those borrowers at least. Elite Universities Settle Lawsuit for Price-Fixing Financial Aid, Raising Concerns about Transparency in Admissions Processes
Broke On: Thursday, 25 January 2024Five elite universities, including Brown University and Columbia University, have settled a lawsuit accusing them of price-fixing when it comes to financial aid. The schools will pay $104.5 million collectively to settle the case that accused them of violating an agreement to be need-blind in their admissions processes. Universal Basic Income: A Tale of Two Methods
Broke On: Wednesday, 06 December 2023The Welsh government is ending its Universal Basic Income (UBI) project in 2025 due to cost concerns. A study in Kenya found that both lump sum and monthly payments had positive effects on low-income households. A separate study suggests that lump-sum payments may be more effective in building long-term wealth, but have less impact on mental health.