Free Republic

NEW YORK, NY — As pro-Palestine groups continued to gather on campus following the establishment of the Gaza Solidarity Encampment, Columbia University protestors clarified that they only want "Death to America" after America is done paying their student loans for them. "Death to America… in like, 3 or 4 years when I graduate!" shouted one student protestor. "America truly is the ‘Great Satan' that ravages and oppresses other countries and deserves to be wiped off the face of the earth…as soon as the American taxpayers finish paying off our tuition loans! "But as soon as that's done, then, yeah, totally,...

A Gen Xer who got $250,000 in student loans forgiven said he can now finally start saving for retirement — and consider his dream of studying in India

For Joe Biden, it's got to be maddening.Day after day, he cooks up another legally questionable student loan forgiveness program, announces it to much fanfare to a fawning media, and all he gets for it is young people moving to vote for President Trump.According to Politico:Polls show former President Donald Trump is ascendant with the youngest bloc of the electorate, even leading President Joe Biden in some surveys, as less-engaged young voters spurn Biden. Meanwhile, Biden is stronger with seniors than he was four years ago, even as his personal image is significantly diminished since he was elected last time.That...

President Joe Biden will announce Monday that student debt held by ten million Americans will transfer to taxpayers, White House officials told reporters Monday. The plan to convey student loan debt to taxpayers is widely seen as a political move to gain electoral traction among young voters, who largely do not approve of Biden’s leadership. Taxpayers can expect to absorb about $5,000 for each of the ten million students, according to the plan Biden is set to tout in Wisconsin. Overall, Biden intends to cut the amount that 23 million students owe on their loans, placing the burden on taxpayers...

The Biden administration will soon roll out a sweeping new student loan forgiveness proposal that could impact millions of Americans. Despite its smaller scope than President Joe Biden’s first education debt relief plan that the Supreme Court ultimately blocked, this new aid package could still forgive the debt for as many as 10 million Americans, according to one rough estimate by higher education expert Mark Kantrowitz. Biden is planning to provide details of his new debt forgiveness plan during a speech Monday in Madison, Wisconsin, The Wall Street Journal reported on Friday. The president likely wants to start forgiving debt...

History demonstrates that attempts to “cure” a problem by exceeding the federal government’s constitutional powers generally lead to more and worse problems... “A rage ... for an abolition of debts ... or for any other improper or wicked project ....” — James Madison, Federalist No. 10.. The courts, in the exercise of what is called “equity jurisdiction,” have long excused borrowers from obligations incurred through fraud, duress, and other forms of creditor unfairness.. In addition, federal bankruptcy laws (authorized in the Constitution by Article I, Section 8, Clause 4) offer a path to safety for debtors who get in over...

The Biden-Harris regime, consistent with its record of daily lawbreaking, has just illegally canceled another $1.2 billion in student loan debt owed by about 150,000 borrowers whose individual loans were about $12,000 each. This is just the latest, on top of three years of other incremental student loan cancellations, totaling about $138 billion in unpaid student loan debt so far, owed by almost four million voters, some of which is still tied up in court, but the regime’s actions have severely jeopardized the government’s ability to ever collect, even if these illegal acts are properly overturned. In some states where...

The White House said Wednesday it is canceling $1.2 billion worth of student loans for some 153,000 people, moving forward with a piecemeal solution to its debt forgiveness pledge after the Supreme Court struck down an earlier scheme to cancel $430 billion. “With today’s announcement, we are once again sending a clear message to borrowers who had low balances: if you’ve been paying for a decade, you’ve done your part, and you deserve relief,” Education Secretary Miguel Cardona said in a statement. “Under President Biden’s leadership, our Administration has now approved loan forgiveness for nearly 3.9 million borrowers, and our...

President Joe Biden Wednesday said he would never stop fighting for hardworking Americans as he put the spotlight on his debt cancellation efforts and ramps up his reelection campaign. He slammed MAGA Republicans and said even the Supreme Court could not stop him for helping hundreds of thousands of people saddled with years of debt. And he said he was not worried about further court challenges to his massive forgiveness program.

Biden Says Bailing Out Student Debt Is "Also Helping You Who Don't Go To College." (36 seconds video in the link below) https://twitter.com/Jules31415/status/1760427842821603631

A total of $1.2 billion in federal student loan debt will be automatically discharged for 153,000 borrowers enrolled in President Joe Biden’s “most generous ever” repayment plan, the U.S. Department of Education said on Wednesday. To be eligible for the latest round of student loan debt cancellation, the borrowers must be enrolled in the new income-driven repayment (IDR) plan, dubbed SAVE, have been making at least 10 years of payments, and have originally taken out $12,000 or less for college. For every $1,000 borrowed above $12,000, a borrower can receive debt discharge after an additional year of payments. For example,...

The Biden administration forgave a further $1.2 billion in student debts for more than 150,000 borrowers on Wednesday as part of the White House's aggressive push to help Americans paying back their loans. The move means Biden has cancelled nearly $138 billion for nearly 3.9 million borrowers since he took office, despite the Supreme Court killing his plan to wipe the debts seven months ago.

The Biden administration's latest plan to "cancel" student loan debt extends to those struggling to repay loans due to financial "hardship." The proposal was devised under the Education Department’s existing rulemaking powers after the Supreme Court struck down Biden’s original student loan bailout plan. A number of factors are set forth in the new proposal to determine hardship, “such as a borrower’s total student loan balance and required payments relative to household income, and whether a borrower has high-cost burdens for essential expenses like healthcare or childcare,” the press release states.The current regulatory process builds on the Biden-Harris Administration’s efforts...

The Biden administration released its proposal for which struggling borrowers should qualify for its new student loan forgiveness plan. It said that receiving a Pell Grant, a disability and age could be factors signaling hardship.

The U.S. Department of Education has been reviewing the accounts of borrowers who have been in repayment for decades to see if they are eligible for forgiveness. Marlon Fox, a chiropractor in North Charleston, South Carolina, is one person to benefit.In August, he learned that his more than $100,000 student debt balance had been canceled. He’d carried the debt for 35 years. Shortly after Fox heard that his student loans were forgiven, he received a payment from the government for $56,801. A $60,000 debt that only grew In the 1980s,Fox borrowed roughly $60,000 to attend the Palmer College of Chiropractic....

The QAnon believer who allegedly decapitated his dad, showing off the federal employee’s severed head in an online video, had earlier waged an unhinged legal battle against the government over his student loans — claiming he should have been warned he still wouldn’t be able to get a job because he was an “overeducated white man.” Justin Mohn, 33, was taken into custody Tuesday night on suspicion of first-degree murder, abuse of a corpse and possessing an instrument of crime with intent in the killing of his 68-year-old father, Michael Mohn. The arrest came after he allegedly held up his...

‘They removed the interest-only repayments after several calls were made regarding the balance not being reduced’ Dear Quentin, My dad cosigned for my private Sallie Mae student loan in September 2018. I thought it was a federal loan because I believe they did both types of loans. I started paying back the $153,000 interest-only loan in September 2022, while my dad paid towards the principal and the balance increased. They removed the interest-only repayments after several calls were made regarding the balance not being reduced. My dad is trying to buy a new house, and Sallie Mae will not take...

She won’t be leading the Crimson, but green shouldn’t be a problem. Outgoing Harvard President Claudine Gay will still likely earn nearly $900,000 a year despite being forced to resign her position as the school’s top administrator. Political Science professor Gay — who stepped down amid a tempest of allegations she did not do enough to combat antisemitism and academic plagiarism Tuesday — will now return to a position on the Cambridge, Mass., school’s faculty. Prior to being named president just six months ago, Gay earned $879,079 as a Faculty of Arts and Sciences Dean in 2021 and $824,068 in...

It’s been three months since the federal government resumed student loan payments, but many borrowers have refused to pay a single penny...Activists say borrowers have staged a “massive student debt strike” as they await progress—any progress—on the White House’s student loan forgiveness program.“Faced with the impossible choice of feeding their kids, keeping a roof over their head, or throwing an average of $400 a month into the Department of Education incinerator, borrowers are rightly choosing to keep themselves and their families financially afloat,” said Astra Taylor, co-founder of Debt Collective, a union advocating on behalf of debtors.According to the Department...

In the United States, federal student loans are typically guaranteed by the government. This means that if a borrower defaults on their federal student loan, the government steps in to ensure that the lender (usually a private financial institution) does not face significant financial losses. The government either pays the loan in full or guarantees a portion of the outstanding balance. However, this guarantee does not absolve private lenders from all risks. Private student loans, which are not guaranteed by the government, may pose a greater risk to lenders if borrowers default. In such cases, the lenders may face losses...