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Keyword: studentdebt

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  • Lawsuit filed to stop Biden administration’s unlawful student loan cancellation

    09/28/2022 7:52:45 AM PDT · by george76 · 27 replies
    Pacific Legal Foundation ^ | September 27, 2022
    Pacific Legal Foundation filed suit against the U.S. Department of Education to block its illegal move to cancel more than $500 billion in student loan debt. “Congress did not authorize the executive branch to unilaterally cancel student debt,” said Caleb Kruckenberg, an attorney at Pacific Legal Foundation. “It’s flagrantly illegal for the executive branch to create a $500 billion program by press release, and without statutory authority or even the basic notice and comment procedure for new regulations.” In August 2022, President Biden announced his plan to cancel up to $20,000 in student loan debt per person for more than...
  • MEDIA FAIL: Majority of Voters ‘Less Likely’ to Support Candidates that Back Biden’s Student Debt Scam

    09/13/2022 10:06:26 AM PDT · by JV3MRC · 4 replies
    NewsBusters ^ | 9/13/2022 | Joseph Vazquez
    Americans are telling the liberal media hacks trying to drive excitement over President Joe Biden’s student debt forgiveness scam to take a hike, according to a new poll. The Trafalgar Group, in conjunction with Convention of States Action, released a survey Sept. 12 of 1,084 likely 2022 election voters spelling possible doom for leftist candidates who support Biden’s legally dubious plan to cancel $10,000 in student loan debt for anyone making less than $125,000 (or $250,000 for couples filing jointly). Specifically, 55.6 percent of voters said they are “less likely” to vote for candidates that back Biden’s plan. Even worse,...
  • EXCLUSIVE: Expert Rips PolitiFact for ‘Dumb’ Fact-Check Shielding Biden's Student Debt Scam

    09/06/2022 8:43:37 AM PDT · by JV3MRC · 4 replies
    NewsBusters ^ | 9/6/2022 | Joseph Vazquez
    The left-wing PolitiFact hacks worked overtime to gaslight Americans on the deleterious effects of President Joe Biden’s student debt forgiveness scam. PolitiFact took a swipe at multiple criticisms of Biden’s irresponsible student debt policy on Aug. 26. The “fact-check” required three authors and came after Biden announced a legally dubious plan to cancel $10,000 in student loan debt for anyone making less than $125k (or $250k for couples filing jointly). In one portion of the 921-word article, PolitiFact targeted National Review for daring to share an estimate by the National Taxpayers Union Foundation (NTUF) that found that the average cost...
  • Forgiveness through the cross vs. student debt forgiveness: Is student debt forgiveness an application of the Lord's prayer?

    09/02/2022 10:02:11 AM PDT · by SeekAndFind · 30 replies
    Christian Post ^ | 09/02/2022 | Dr. Michael Brown
    President Biden’s announcement that he will forgive a certain amount of student debts has ignited a firestorm of controversy, with some pastors criticizing Christians who have a problem with the plan. After all, these pastors argue, since Jesus paid our debts on the cross, it is unchristian for us to protest the president’s plan.In the words of activist preacher Jonathan Wilson-Hartgrove, “A whole lot of folks who supposedly pray, ‘Forgive us our debts as we forgive our debtors’ don’t see debt forgiveness as an answer to prayer.” Or, as expressed by progressive pastor John Pavlovitz, “Conservative Christians are fully enraged...
  • VIDEO: Larry Elder Slams Biden’s Student Debt Forgiveness Scam as ‘Reparations for Rich White People’

    08/30/2022 12:28:14 PM PDT · by jeff_clark · 37 replies
    NewsBusters ^ | 8/30/22 | Jeffrey Clark
    Radio host Larry Elder exposed President Joe Biden’s student debt forgiveness plan as a scam that hoodwinks the working class into subsidizing the wealthy elite.
  • ‘It’s not enough’: Gen Z Pittsburghers react to Biden’s student debt cancellation

    08/25/2022 3:54:51 PM PDT · by Tolerance Sucks Rocks · 36 replies
    The Pittsburgh Post-Gazette ^ | August 24, 2022 | Jesse Bunch
    On Wednesday, President Joe Biden announced his administration would cancel $10,000 in student debt for many borrowers, while extending a pause on monthly loan payments through the end of the year. For students and young people in Pittsburgh, it should have been a cause for celebration; but just hours after the announcement, reactions skewed negative as left-leaning activists argued the president should have honored his campaign commitment to cancel all student debt. Meanwhile, Republicans chided Mr. Biden for what they see as the president bowing to the progressive movement. “In my opinion, it’s not enough,” said Allie Holler, a University...
  • Legality of student loan plan relies on pandemic, 2003 law

    08/24/2022 2:57:28 PM PDT · by Oldeconomybuyer · 25 replies
    The Associated Press ^ | August 24, 2022 | By MARK SHERMAN
    WASHINGTON (AP) — The Biden administration is tying its authority to cancel student debt to the coronavirus pandemic and to a 2003 law aimed at providing help to members of the military. Legal challenges are expected. Skeptics of the administration’s ability to act on its own, without new legislation, had once included President Joe Biden himself and House Speaker Nancy Pelosi. But in a legal opinion released Wednesday, the Justice Department said that the HEROES Act of 2003 gives the administration “sweeping authority” to reduce or eliminate student debt during a national emergency, ”when significant actions with potentially far-reaching consequences...
  • [Flashback from July 2021] Pelosi says Biden doesn’t have power to cancel student debt

    08/24/2022 9:27:21 AM PDT · by BenLurkin · 20 replies
    CNBC ^ | JUL 28 20215:00 PM EDT | Annie Nova
    House Speaker Nancy Pelosi suggested on Wednesday that people who believe President Joe Biden can forgive student debt on his own are misinformed. “The president can’t do it,” Pelosi said, at a press briefing. “That’s not even a discussion.” Pelosi said any student debt forgiveness would have to be carried out by Congress. ... Biden has asked the U.S. Department of Justice and the U.S. Department of Education to review his legal authority to forgive student debt. Decisions from those agencies are not yet public. “They are likely to reach the same conclusion as the one reached by Speaker Pelosi,”...
  • Biden cancels ANOTHER $3.9B in student debt for defunct ITT colleges - pushing the total to $32 BILLION - as all borrowers face nail-biting wait to see if White House will extend freeze past September

    08/16/2022 1:16:38 PM PDT · by knighthawk · 62 replies
    UK Daily Mail ^ | August 16 2022 | KATELYN CARALLE
    The White House announced Tuesday an additional $3.9 billion in student loan forgiveness, this time for borrowers who attended defunct ITT Technical Institute. The latest round brings Joe Biden's student loan forgiveness total to $32 billion since taking office – but progressive are still pushing for the president to cancel all existing federal student loans. Borrowers are also still waiting to hear if federal loan pause will be extended for a fifth time as the latest deadline approaches.
  • Now We Know Why “The Squad” Is So Adamant About Canceling Student Debt

    01/30/2022 11:36:51 AM PST · by E. Pluribus Unum · 47 replies
    The Liberty Daily ^ | Jan. 30, 2022 | J.D. Rucker
    Self-serving politicians are easy to spot. They’re different from the actual public servants like Donald Trump, Rand Paul, and Marjorie Taylor Greene who gave up so much in order to do what’s best for the country. Self-serving politicians tilt policies to benefit themselves, their families, and the cronies who help to keep them in power. Many have equated “The Squad” to being the radical progressive version of the ideologues; they may be wrong in their Neo-Marxist perspectives, but at least they’re supposed to be true believers in their cause. Yet time and again, we’ve seen contradictions to this notion. Squad...
  • Chuck Schumer: Great Day for Biden to ‘Cancel Student Debt’

    11/12/2021 1:53:38 PM PST · by ChicagoConservative27 · 38 replies
    Breitbart ^ | 11/12/2021 | HANNAH BLEAU
    Senate Majority Leader Chuck Schumer (D-NY) called on President Biden and Vice President Kamala Harris to cancel student debt — a priority that has seemingly fallen to the wayside in the first year of Biden’s presidency. “Not thinking today would be a great day for President Biden and Vice President Harris to #CancelStudentDebt,” Schumer said as part of his frequent reminders for the cause on social media over the months:
  • A response to the silly #CancelStudentDebt TikToks

    09/20/2021 11:10:24 AM PDT · by RandFan · 8 replies
    YouTube ^ | Sep 19 | Brad Polumbo
    The push to #CancelStudentDebt has exploded on Gen Z social media platform #TikTok. On this episode of #BradReacts, we react to and debunk some of the worst viral​​ TikToks arguing for the cancelation of $1.6 trillion in federal student loan debt. Video...
  • Public colleges send overdue bills to private debt collectors — in every state except one

    06/06/2021 7:33:21 AM PDT · by deport · 8 replies
    NBC News ^ | June 1, 2021 | Meredith Kolodner
    To the surprise of many students and parents, public colleges in every state except Louisiana use for-profit debt collection agencies to recover overdue tuition, library fees and even parking ticket fines. Many universities add late fees to students' bills, and when debt collectors add another 40 percent, students can end up owing thousands of dollars more than they did originally. In some states, the law requires public colleges to use collection agencies if debts go unpaid for too long. Sam Houston State University in Huntsville, Texas, sends overdue accounts to private debt collection companies after about six months, according to...
  • Will Biden cancel massive student loan debt? Suddenly, that's looking doubtful

    05/24/2021 8:17:59 AM PDT · by SeekAndFind · 56 replies
    Moneywise via Yahoo Finance ^ | 05/23/2021 | Clayton Jarvis
    The forgiveness of a significant chunk of the nation’s student loan debt has seemingly been just around the corner since Joe Biden’s election victory in November. Four months into his term, the pressure remains on Biden to follow through on a campaign promise to forgive $10,000 in federal student loans for every borrower. Meanwhile, an answer to a bigger question could come as early as next week: whether the president has the power to wipe out five times as much student debt. That would give millions of Americans a much smaller overall debt load. But, in a new interview, Biden...
  • Biden arrives back at the White House and prepares to DROP student loan forgiveness from next week's budget: President BREAKS campaign promise to cancel $10,000 debt for 42 million Americans

    05/23/2021 11:53:07 PM PDT · by knighthawk · 34 replies
    UK Daily Mail ^ | May 24 2021 | BEVAN HURLEY and NIKKI SCHWAB
    Joe Biden will not include student loan forgiveness in his upcoming Budget, after pledging to cancel $10,000 from loans on the campaign trail. Biden, who was seen arriving back at the White House on Sunday from a weekend at Camp David, is due to announce his latest budget at the end of next week, and claims he has grown suspicious of wiping out the loans. The shift in policy is a major blow for the more than 42 million Americans who have student loans.
  • Progressives Using Majority Rule in Senate to Bully Banks and Attack Free Markets

    05/08/2021 3:38:27 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | May 8, 2021 | Peter Mihalick
    Once the Senate returns from its latest recess, the world’s greatest deliberative body will take up a Resolution of Disapproval under the Congressional Review Act for a Trump era rule which aided working class Americans in obtaining access to financial instruments. Progressives are so blinded by hatred for banking institutions, they are giving Sens. Sherrod Brown (D-OH) and Elizabeth Warren (D-MA) a platform to rail against the industry and to advocate for further government intervention in the sector. For this attack on liberty and the working class to be successful, the Democrats only need one Republican to validate this effort...
  • Successful Without College

    05/05/2021 3:40:33 AM PDT · by Kaslin · 43 replies
    Townhall.com ^ | May 5, 2021 | John Stossel
    Americans took out $1.7 trillion in government loans for college tuition. Now, some don't want to pay it back. President Joe Biden says they shouldn't have to. He wants to cancel at least $10,000 and maybe $50,000 of every student's debt. "They're in real trouble," says Biden in my latest video, "having to make choices between paying their student loan and paying the rent." Poor students! But wait: Shouldn't they have given some thought to debt payments when they signed up for overpriced colleges? When they majored in subjects like photography or women's studies, unlikely to lead to good jobs?...
  • Romney and Sinema Introduce Bill to Forgive Student Debt of Needy Students

    04/16/2021 8:38:01 AM PDT · by ChicagoConservative27 · 44 replies
    Breitbart ^ | 04/16/2021 | Wendell Husebo
    Sens. Mitt Romney (R-UT) and Kyrsten Sinema (D-AZ) introduced a bill to forgive student debt. The Earn to Learn Act establishes a matched savings program for “low-income” college students. “The funds can be used to pay for tuition, books, and other education-related expenses that might otherwise prevent them from attending,” according to the Arizona Republic.
  • How Biden got it wrong about Penn, the Ivies, student debt, and America’s ‘college problem’ [leftist opinion]

    02/21/2021 5:45:11 PM PST · by Albion Wilde · 17 replies
    The Philadelphia Inquirer ^ | February 21, 2021 | Will Bunch
    The president's harsh town hall response on canceling America's $1.7 trillion college debt revealed he doesn't understand the issue. [snip] Joe Biden might not hold an Ivy League sheepskin, but during his brief stint between the vice presidency and the presidency he was paid more than $900,000 by Penn for ill-defined work that helped to pump up the Philadelphia university and its public image. Now, one has to wonder if the Ivy seduction of a future president didn’t also foster a status quo view of higher ed in America that doesn’t comport with the real-world aspirations and struggles of an...
  • 5 Reasons Making Taxpayers Pay Off Student Loans Is A Rotten Idea

    11/23/2020 10:13:33 AM PST · by Kaslin · 46 replies
    The Federalist ^ | November 23, 2020 | Elizabeth Bauer
    Regardless of whether Biden would find a loophole or merely attempt to cajole Congress, it remains concerning that there are many people who want him to force taxpayers to bail out the well off.Will a newly inaugurated President Joe Biden make taxpayers pay off $50,000 in student debt for everyone who has it? That’s what Senate Majority Leader Chuck Schumer, D-N.Y., has called for, according to recent reporting.Although Biden does have a plan to make taxpayers pay $10,000 a year for each college debt-holder for up to five years of work for government or non-profit organizations, he dodged the question...