Weather Alert(2)!
"Wind Chill Advisory" ...Wind Chill Advisory remains in effect until noon EST today... * locations...New York City...Long Island and portions of northeastern New Jersey. * Hazard types...dangerous wind chills. * Timing...this morning. * Wind chill...15 to 24 degrees below zero. * Winds...northwest 15 to 25 mph with gusts up to 35 mph. * Impacts...the frigid conditions will be dangerous to those venturing outside. Prolonged exposure may cause frostbite. The combination of very low wind chills and frigid air temperatures have the potential to result in frozen pipes...frostbite and hypothermia. Precautionary/preparedness actions... A Wind Chill Advisory means that very cold air and strong winds will combine to generate low wind chills. This will result in frost bite and lead to hypothermia if precautions are not taken. Outdoor exposure should be limited. If you are heading outdoors... dress in layers and keep your hands and head covered to protect against frostbite , "Special Statement" ...Dangerously cold wind chills this morning... * temperatures this morning range from near zero to 10 degrees below during this time...coupled with strong...gusty winds...are expected to produce life threatening wind chills as cold as 20 to 30 degrees below zero. * High temperatures today will only be in the teens...with wind chills likely not rising above zero until mid to late afternoon. * Cold spells of this magnitude bring a risk of frostbite and hypothermia for anyone who does not take proper precautions. In addition...frozen pipes and overworked furnaces could leave your house without heat or running water...and car batteries run the risk of dying. * Never venture outdoors without wearing gloves...a hat and several layers of clothing. Wind chill values late Saturday night into Sunday morning could lead to frostbite in less than 30 minutes if proper precautions are not taken. * Run water at a trickle and keep Cabinet doors open to prevent pipes from freezing. * Never use a stove or oven to heat your home or use an open flame to melt frozen pipes. Many house fires result from these practices. * Check tire pressure and your car battery. Be sure your car has a winter safety kit that includes a blanket...warm clothes and gloves in case your car breaks down or becomes stranded. * Take extra steps to keep your pets warm and know their limits to cold. -- Sunday Feb.14 16,11:48 AM Weather  |  LIRR  |  Traffic  |  Traffic Cams |  Weather News

 

Schumer Applauds White House Initiative That Will Provide Student Loan Relief for Close to 5 Million Borrowers Nationwide

School & Education, Press Releases

Schumer Continues Push to Pass Senate Bill that Will Let 1.6 Million NY Graduates Refinance to as Low as 3.86% & Save Thousands Each Year

Washington, DC - June 9, 2014 - Today, U.S. Senator Charles E. Schumer applauded President Obama’s executive order that will allow federal student loan borrowers to cap their loan repayments at 10 percent of their monthly income, and have any remaining balance forgiven after 10 years of payments for those in public service or 20 years for those not in public service. President Obama is expanding eligibility under a current law that currently applies to loans after 2011 and now, with this executive order, the Department of Education will allow this for all Federal Direct Loans. In total, the White House predicts that this will help nearly 5 million borrowers.
 
“Student loans are a huge burden on the shoulders of 40 million young Americans that holds back their ability to achieve the American Dream. That’s why the Administration’s decision to cap federal loan repayments at 10 percent of a borrower’s monthly income, plus total loan forgiveness after 10 to 20 years, is welcome news that will spell relief for hundreds of thousands of New Yorkers,” said Schumer. “But we must do more. For young families to pay between 7 and 14 percent on tens of thousands of dollars-worth of student loans, when present day interest rates are so much lower, is an outrage. Our bill on the Senate floor this week, the Bank on Students Emergency Loan Refinancing Act, will reduce student loan interest rates to as low as 3.86 percent, giving young students and professionals further relief.”
 
Schumer noted that he is continuing to push a Senate plan that would give students a ‘Fair Shot’ at an affordable college education, by allowing borrowers that have both federal and private undergraduate loans at interest rates of up to 14 percent or higher to refinance at a rate as low as today’s rate for new borrowers, which is 3.86 percent. If passed, this legislation could help an estimated 25 million Americans, and 1.6 million New Yorkers, refinance outstanding student loans at lower interest rates, the same as those available to federal student loan borrowers taking out loans this year. This move would save a typical student $2,000 over the life of his or her loans. Schumer today said that under the refinancing plan, an individual who borrowed $30,000 would pay approximately $5,000 less over the life of the loan at the 3.86% interest rate, compared to 6.8% (this could vary based on the borrower’s specific circumstances).

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