Is it just a grant? A grant is a contract which requires you to make specific provisions with respect to the use of funds — in this case, the use of student loan forgiveness. You can have multiple grants, but you can’t have a grant that goes to multiple organizations — that would be a violation of Federal rules. Do you have grants that go directly to individual students? No. When students work through their loans or the federal government they’re essentially making payments against a federal account. And that account is maintained by the U.S. Treasury. You can’t give funds directly into an account owned by the Treasury. You don’t have to have a grant in order to write a grant.
You need to set up the grant so that it helps the students who are going to get it. That’s easy to make, because you put your grant in their account on the Student Loan Service Center. But you can’t have a grant where it creates different students, just by changing the grant recipients.
So you could have an individual student who’s going to get a grant from you to pay back her loans and then later you could use your grant to pay for your loan, but not another student who gets a grant, so you’re changing three separate students. You can’t have a third party. It’s illegal.
In his final interview with Rolling Stone magazine, Rolling Stone editor Jann Wenner said this about former U.S. president Bill Clinton: “When I think about the most controversial president … and the one I’m most embarrassed to have known, I am surprised to say that he’s the one who has most often been mentioned as a presidential candidate. It’s not because I’ve been surprised, it’s more because I thought about it. So many, it seems to me, would do well.”
Not that Bill Clinton’s name has been floated as a possible contender, but Wenner did take a jab at the current administration and President Barack Obama’s foreign policy.
It shouldn’t come as a surprise that Wenner would turn a blind eye to the Obama administration’s actions in Libya, which included the murder of a U.S. Ambassador in Benghazi on Sept. 11. But Wenner also mentioned the U.S. bombing campaign in Iran, Iraq and Yemen that has resulted in the deaths of over 2,000 civilians. Wenner, who has made it a personal crusade to keep people informed about his own journalism, added that his decision not to support Obama in 2008 still stands today
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