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Speaker 1: Good morning, Everybody's DJ NV, Charlamage's gud we are to

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Speaker 1: breakfast club. Of course, we got our guest go hosts

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Speaker 1: called los Milla and nav Green and let's get in

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Speaker 1: some front page news wan to tak.

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Speaker 2: Good Morning, DJ Envy and eighty five South in the bill.

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Speaker 2: That's Charlemagne the.

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Speaker 3: God peten a listen now, yeah, yeah, let's get right

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Speaker 3: into it.

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Speaker 4: He luggage won last night one on nine ninety four.

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Speaker 4: They beat the heat. They leave the series to one,

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Speaker 4: and let's jump into it.

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Speaker 1: The debt ceiling deal gives a deadline on student loan repayment.

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Speaker 1: Why don't they just take care of all student loans.

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Speaker 1: Let all the kids just go to college for free.

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Speaker 2: Yeah, well, that's what the progressives have been asking for,

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Speaker 2: will continue to ask for repeatedly, but they're being ignored unfortunately.

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Speaker 2: But for more than three years, tens of millions of

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Speaker 2: federal student loan debt holders haven't had to think about

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Speaker 2: paying for those student loans. But that is ending very soon.

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Speaker 2: So you guys, remember that the debt ceiling deal negotiated

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Speaker 2: between President Joe Biden and House Speaker Kevin McCarthy.

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Speaker 4: That they just negotiated up was about a week or

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Speaker 4: so ago.

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Speaker 2: One of the things that came out of that is

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Speaker 2: now millions of former students will have to repay their

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Speaker 2: loans again in August. Now, as a side note, a

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Speaker 2: partial loan forgiveness of speaking to your point, DJ Envy

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Speaker 2: is currently waiting for the ruling in the Supreme Court,

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Speaker 2: so we should know something on that by June thirtieth.

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Speaker 2: But depending on how that goes, you basically need to

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Speaker 2: prepare to pay those student loans again starting on August

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Speaker 2: twenty ninth. So the bottom line is the payments are

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Speaker 2: starting to be you know, they're going to come back.

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Speaker 2: It came from the COVID relief called a lot of

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Speaker 2: COVID relief funds, and people need to start preparing to

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Speaker 2: pay that payment again. I've been paying mine all along

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Speaker 2: because I knew it wasn't gonna last, But start preparing.

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Speaker 4: I don't think everybody should pay it.

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Speaker 3: I think like, if they've been waiting this loan and

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Speaker 3: they've been stalling them out, we just got to collectively

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Speaker 3: not pay them all together, so they'll just keep rolling

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Speaker 3: it over.

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Speaker 4: That might work it efect, I mean that's how we

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Speaker 4: got it.

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Speaker 1: Yeah, is that affect your credit though, right, even though

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Speaker 1: you ain't paying your loan. But then when you try

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Speaker 1: to buy something else a house or washer, and drive

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Speaker 1: from seerst buy a house anyway, now exactly, you don't.

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Speaker 4: Have enough money to pay the student loan. You can't

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Speaker 4: pay the mortgage.

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Speaker 5: They always say that about your credit, say you won't

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Speaker 5: be able to buy something you can't afford anyway.

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Speaker 1: Nobody cares, right, you're not using it.

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Speaker 4: They won't give us no credit anyway.

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Speaker 3: We say that if you're not using your degree, you

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Speaker 3: shouldn't have to pay it anyway.

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Speaker 4: If you didn't graduate, you shouldn't have to pay. I

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Speaker 4: did too semester. I been knew I wasn't gonna pay.

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Speaker 5: Hey, that's a point I never thought about you. If

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Speaker 5: you if you if you got a degree in something

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Speaker 5: but you can't get a job, right, you shouldn't you

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Speaker 5: really should have to pay. But if you got a

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Speaker 5: degree and you get a job in that field, then

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Speaker 5: you should probably have to pay it back.

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Speaker 2: And I'll be should have to pass it on over

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Speaker 2: to the house. I don't think like that, but just

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Speaker 2: because I know we have a lot of those conversations

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Speaker 2: about what do you use a degree for? And I

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Speaker 2: just want to say, when I own the staff infirm

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Speaker 2: had three hundred employees, a lot of times the degree

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Speaker 2: is not a lot of people don't get degrees in

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Speaker 2: their field, but employers do. Look at a degree is

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Speaker 2: more than just what you're specializing in, but more so

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Speaker 2: are you able to complete a large project? You know,

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Speaker 2: were you able to start something and go all the

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Speaker 2: way you know, to the end one hundred and twenty

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Speaker 2: hours or so. So degrees are not always necessarily your discipline,

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Speaker 2: meaning what you specialize in, but also look at you know,

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Speaker 2: can you start and complete a project. So really, college

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Speaker 2: degrees now are looked at as high school diplomas to

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Speaker 2: a lot of employers. But to your point, if you're

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Speaker 2: not using it, why I still have to pay, you know,

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Speaker 2: fifty sixty thousand dollars in student loan debt. But I

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Speaker 2: did want to unpack quickly of the Supreme Court ruling

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Speaker 2: so people know the difference. June thirtieth, again, that is

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Speaker 2: in the Supreme Court, that is where Joe Biden did

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Speaker 2: ass to counsel twenty thousand dollars of student loans for

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Speaker 2: about forty four million Americans. So that's held up the

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Speaker 2: Supreme Court right now. But this is what I'm talking

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Speaker 2: about on the palls of the student palls. The student

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Speaker 2: dead palls came out of the COVID Emergency Relief Fund,

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Speaker 2: so two totally different things. With a conservative leaning court,

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Speaker 2: I don't until to pay them forgiving those loans. So again,

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Speaker 2: just prepare to start paying that loan again in office.

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Speaker 4: God bless everybody about to get another bill, you know

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Speaker 4: what I mean. And I just want to tell people.

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Speaker 1: If you're out there and you're about to get married

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Speaker 1: and your spouse or your husband has a student loan,

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Speaker 1: that automatically connects you.

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Speaker 4: So what you're saying, you're trying to discourage marriage.

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Speaker 1: And I'm just telling people that because a lot of

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Speaker 1: people don't know, and that when you get married and

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Speaker 1: you think you're getting your income tax back and then

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Speaker 1: you don't get your income tax back because the government

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Speaker 1: takes it and puts it towards you.

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Speaker 4: That's that happens. You stay back with you.

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Speaker 2: Married.

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Speaker 4: I want to people to get a deferment if you can.

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Speaker 2: I'll break this down a little bit deeper on my

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Speaker 2: podcast this week, because there are a couple of things

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Speaker 2: that I do want people to know that we don't

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Speaker 2: have time to get into. But you can get deferments,

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Speaker 2: you can get you know, say that you're not able

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Speaker 2: to pay. There's ways that you can kind of extend that.

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Speaker 2: And you can always go back to school name as

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Speaker 2: well and get another degree.

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Speaker 4: Man, go get a trade. Man, Go learn to do

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Speaker 4: something with your hands, mechanic age back. You know what

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Speaker 4: I'm saying, Go learn the trade.

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Speaker 5: That's that's translate in the money fast, that's for the settlement.

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Speaker 3: You know what. They called him like you got some money,

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Speaker 3: you'd be like, look how much is to get rid

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Speaker 3: of today? Hold on and they'll put you a whole

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Speaker 3: and they'll come back and they'll be like, look, we're

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Speaker 3: working down.

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Speaker 4: They break it down. You owe us.

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Speaker 3: Fourteen thousand, but if you make a payment for seven

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Speaker 3: to fifty a day, we'll just speaking money.

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Speaker 2: I don't want to give you that story in because

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Speaker 2: I've been pushing it off the last couple of days

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Speaker 2: because we've had more important stories. But this is important

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Speaker 2: because it's not a day that goes by that somebody

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Speaker 2: doesn't call in talking about cash out. I want to

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Speaker 2: give you guys a notice from the Consumer Financial Protection Bureau.

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Speaker 2: They said that do not hold your money in PayPal,

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Speaker 2: cash AFT, Vemo for an extended period of time. They

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Speaker 2: said that it could possibly be at risk during a crisis,

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Speaker 2: and what we're looking at now New York could possibly

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Speaker 2: be a crisis. So the alert is coming. Yeah, the

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Speaker 2: alert is coming from the Silicon Valley Bank when they

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Speaker 2: just had you know, all of the issues with the bank.

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Speaker 2: They're saying that that money in your cash app is

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Speaker 2: not insured. So they have issued of warnings saying basically,

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Speaker 2: don't leave it over the sitting there for a long

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Speaker 2: period of time. Now cash app has responded saying, no,

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Speaker 2: your money is all good with us. We don't know

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Speaker 2: what they're talking about. So I'm just letting you financial protection. Yeah,

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Speaker 2: you take the money out, just guys. So as you know,

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Speaker 2: cash it's not a bank. According to you know, the

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Speaker 2: consumer finance protection, that money is not insured, you know,

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Speaker 2: so if something happens, you might lose lose your bread

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Speaker 2: and what that means.

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Speaker 4: Keep money in cash because.

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Speaker 2: I'm everybody don't have you know, like account, so they'll

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Speaker 2: just keep their money and cash app and get money

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Speaker 2: put in and pay everything from there.

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Speaker 1: Yeah, instead of you transmit it to stays in your

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Speaker 1: cash account and it out like you know you yeah,

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Speaker 1: it's your easier problem, especially for those.

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Speaker 2: Who are not interested in having you know, money ain't tracked.

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Speaker 2: You know the billers h but you know people don't.

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Speaker 2: Everybody don't have their big.

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Speaker 4: Deal to send money through cash. Dealing with the cash

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Speaker 4: you're going to prison right now. And what if they

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Speaker 4: put the four four to three five.

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Speaker 3: But when she said cash app is not a bank,

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Speaker 3: I heard somebody from cash saying that's cap.

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Speaker 4: It's a major problem with cash ap.

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Speaker 1: There's no phone number for them, so if there's an

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Speaker 1: issue of problem, you can't even get anybody on the man.

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Speaker 4: I said, somebody the wrong I said somebody else.

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Speaker 1: I think, like seven thousand dollars somebody I thought you

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Speaker 1: meant to cash out. They were in another city and

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Speaker 1: they were doing work on the on the house that

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Speaker 1: I had, so I sent them the money.

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Speaker 4: But it was like one number off or you rich,

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Speaker 4: that's real, you wouldn't use PayPal, I use it. It was

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Speaker 4: cash app. I think it was he.

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Speaker 2: Had to at least PayPal got a little bit of tracking.

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Speaker 2: But PayPal and cash ap are actually connected to the

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Speaker 2: same organization, which I didn't know.

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Speaker 4: So wow, so there is no numbers.

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Speaker 1: If you're trying to get your money back, or you

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Speaker 1: send money to the wrong person, it's hard to get back.

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Speaker 1: I actually I got it back, but it took a

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Speaker 1: long time, and I had to scream and shout and

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Speaker 1: get on this radio with seventy dollars, I double checked

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Speaker 1: by eight times.

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Speaker 4: I was likened it from me.

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Speaker 1: Yeah, but that was it was so long. But that

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Speaker 1: was before the request. It wasn't a request at that time.

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Speaker 1: It was you just have to you know. And then

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Speaker 1: somebody had stupid numbers. It was eight three two four

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Speaker 1: dollars sign sixty nine two and I had.

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Speaker 4: One mobody something seven thousand coming. Hey we are somebody

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Speaker 4: requested four hundred from me right now.

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Speaker 5: Somebody named Levos Kids is requesting four hundred from right now.

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Speaker 4: Let me let me you ain't getting it all goodness,

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Speaker 4: all right, well that is your front page news. Thank you.

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Speaker 4: Test absolutely God be working. But immag just sent me

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Speaker 4: here listening. I just won the trivia. I just won

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Speaker 4: the tribun