Updated 7:51 am PDT, Thursday, June 27, 2019 In this June 20, 2019, photo a student works in the library at Virginia Commonwealth University in Richmond, Va. Those who graduate college with student loans owe close to $30,000 on average, according to the most recent data from the Institute for College Access & Success. less In this June 20, 2019, photo a student works in the library at Virginia Commonwealth University in Richmond, Va. Those who graduate college with student loans owe close to $30,000 on average, according to the ... more Photo: Steve Helber, AP Photo: Steve Helber, AP Image 1 of / 1 Caption Close Image 1 of 1 In this June 20, 2019, photo a student works in the library at Virginia Commonwealth University in Richmond, Va. Those who graduate college with … [Read more...] about How much you’ll really pay for that student loan
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Former Trump campaign chairman Paul Manafort was sentenced Thursday to nearly four years in prison for tax and bank fraud related to his work advising Ukrainian politicians, much less than what was called for under sentencing guidelines. Manafort, sitting in a wheelchair as he deals with complications from gout, had no visible reaction as he heard the 47-month sentence. While that was the longest sentence to date to come from special counsel Robert Mueller's probe, it could have been much worse for Manafort. Sentencing guidelines called for a 20-year-term, effectively a lifetime sentence for the 69-year-old. Manafort still faces the possibility of additional time from his sentencing in a separate case in the District of Columbia, where he pleaded guilty to charges related to illegal lobbying. Before Judge T.S. Ellis III imposed the sentence, Manafort told him that "saying I feel humiliated and ashamed would be a gross understatement." But he offered no explicit apology, something Ellis … [Read more...] about Former Trump Campaign Manager Paul Manafort Gets 47 Months in Fraud Case in Va.
ALEXANDRIA, Va., March 7 (Reuters) - President Donald Trump's former campaign chairman Paul Manafort was sentenced on Thursday to nearly four years in prison by a U.S. judge for financial crimes uncovered during Special Counsel Robert Mueller's investigation into Russia's role in the 2016 election.U.S. District Judge T.S. Ellis imposed the sentence of 47 months in prison on Manafort, 69, during the hearing in Alexandria, Virginia. Manafort, a veteran Republican political consultant, was found guilty last August by a jury of five counts of tax fraud, two counts of bank fraud and one count of failing to disclose foreign bank accounts.While prosecutors had not recommended a specific sentence, they had cited federal sentencing guidelines that called for 19-1/2 to 24 years in prison. But Ellis said the sentencing guidelines were excessive and would create "an unwarranted disparity" with other cases.Ellis also noted during the hearing that Manafort "is not … [Read more...] about Former Trump campaign manager Paul Manafort sentenced to nearly 4 years in prison
Danielle Douglas-Gabriel, The Washington Post Published 3:15 pm PST, Monday, February 11, 2019 What if student loan payments were treated like Social Security taxes - automatically withheld from a person's paycheck? Fewer people would fall behind and risk having their wages garnished or credit score plummet. But some may struggle to cover living expenses if their education debt takes priority. Those are some of the central arguments in favor and against a novel policy gaining traction in Washington. Automatic payroll deduction for student loan repayment has long had broad support among liberal and conservative policy wonks, but it could come to fruition with the backing of Sen. Lamar Alexander, R-Tenn. The chairman of the Senate education panel hailed the idea last week in a speech outlining his priorities for reauthorizing the Higher Education Act of 1965, a federal law that governs almost every aspect of the sector. Although reauthorization has endured fits and starts … [Read more...] about Is this the way to curb student loan defaults?
Breaking News Emails Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings. SUBSCRIBE Nov. 10, 2018 / 4:32 AM GMT By Rich Schapiro When John Ruffo showed up at a federal courthouse in Brooklyn on Nov. 9, 1998, he already had a unique resume. NYU graduate. Computer expert. Convicted $350 million con man. Ruffo arrived at the courthouse to turn over the electronic monitoring bracelet he had been ordered to wear. His next stop was supposed to be a federal prison in New Jersey to start a 17-year sentence. But Ruffo never turned up at the prison. By that evening, he had gained another title: federal fugitive. Ruffo left a trail of wreckage in his wake — former business partners wiped out, family members, including his wife and mother, forced out of the homes they put up for his bond. Twenty years later, Ruffo’s whereabouts remain unknown. U.S. Marshals are still hunting for him. His former wife is still … [Read more...] about John Ruffo, elusive NYC swindler, still on the run after 20 years