Free Republic

Nearly 5,000 voters in seven swing states all prefer Donald Trump over President Joe Biden in a damning new survey that shows the ex-president could re-flip states that went against him in 2020. On average, 47 percent of voters in the battleground states would cast their ballot for Trump if a general election against Biden were held today compared to the president's 42 percent support, according to a Bloomberg/Morning Consult poll released on Thursday. Arizona, Georgia, Michigan, Pennsylvania, Wisconsin, North Carolina and Nevada were included in the poll, which only has a margin of error of 1 percentage point when...

The Biden administration has abolished the federal student-loan program, at least if a “student-loan program” is one in which students borrow money and then eventually repay it. What’s being erected in its stead is a scheme that’s rife with moral hazard, seemingly designed to inflate college costs, and best described as a “student-fraud program”—in which students borrow money, promise to repay it, and then … don’t. Biden’s loan-forgiveness shenanigans leapt into public consciousness when he tried to farcically read the 2003 HEROES Act to allow him to shovel $500 billion in loan “forgiveness” to his highly educated base and stick...

The Supreme Court told Biden he cannot forgive student loans at taxpayer expense for 800,000+ people, but he’s doing it anyway. He’s circumventing the law. Not only is he breaking the spirit of the law, but he’s bragging about it to the people who benefited so he can get their votes. Axios reported: Exclusive: Biden emails 800k student loan borrowers about forgiven debt More than 800,000 student loan borrowers are set to receive a message from President Biden Tuesday afternoon. Why it matters: The email, shared in advance with Axios, is a direct appeal from the president to beneficiaries of...

The Biden Regime will get their student loan bailout one way or another. The Department of Education announced on Monday it is withholding $7.2 million from a student loan servicer over billing statement errors that affected 800,000 borrowers. The US Supreme Court in July crushed Joe Biden’s student loan bailout program. Joe Biden unilaterally announced a massive forgiveness of student loans in August 2022 to buy the Gen Z-Millennial vote in the 2022 midterms. Biden canceled over $400 billion in student loans which turned out to be up to $10,000 in student debt for borrowers who earn $125,000 a year...

This month marks the first time in more than three years that federal student loan borrowers will be required to make monthly repayments. The Trump and Biden administrations enacted and then expanded a pandemic-related pause for about 44 million borrowers by freezing their accounts and restricting interest accumulation. But Congress ruled, as part of the debt ceiling package that it passed in June, that the relief program can no longer be extended. Payments resumed on October 1 for the first time since March 2020. Before the pandemic, the federal government was collecting about $5.8 billion in payments each month. A...

The Biden administration said it is forgiving $9 billion in student debt for 125,000 borrowers, a move that comes as student loan repayments are starting up again this month after a hiatus of more than three years. The debt cancellation is the latest push from the White House to erase some student loans in the wake of the Supreme Court's June ruling. The 6-3 decision by the court's conservative majority invalidated the administration's plan for broad-based student loan forgiveness, which would have helped more than 40 million borrowers erase up to $20,000 each in debt. With that debt forgiveness plan...

On June 30, the Supreme Court handed down its decision in Biden v. Nebraska, the case that challenged the legality of the president’s executive order cancelling federal student-loan payments for millions of borrowers. In their ruling, the Court’s majority held that the president had no authority to declare such a cancellation. The statute that the administration had relied upon, the HEROES Act, could not be stretched, the Court decided, to mean that the president had been empowered to make a sweeping loan-forgiveness decree. Nor does anything in the Constitution give the president such authority. Thus, Biden’s loan-forgiveness plan was struck...

I'm often blamed for complaining about my student-loan debt. But I was never taught financial literacy, and I built up debt as a kid based on misguided advice. I was trained to believe the more expensive colleges were better. After a three-year pause, my student-loan repayments are starting again, and I'll be paying $350 a month. During the payment pause, I've finally been able to save up a chunk of money for a down payment on a house. It's been my goal to buy a condo and rent it out on Airbnb as an investment. But now I won't be...

SAN FRANCISCO (KGO) -- Millions of Americans who have federal student loans have been dreading this day. On Sept. 1, interest on student loans started accruing again for 43 million Americans. "I graduated from dental school in 2019," said Annelise Eriksen. She has been a dentist in the Bay Area for more than three years. "I owe somewhere around $470-480,000," said Eriksen. "I think it's an obscene amount." She went on to say, "I didn't take out any student loans for my undergrad. That's all dental school loans. I think my largest loan is $70,000 with a 7.5% interest rate."...

The Biden administration has approved a $72 million dollar student loan forgiveness initiative aimed at providing relief for students who were defrauded by an online school. The loan forgiveness will be applicable to over 2,300 students who attended Ashford University, a former online for-profit school based in San Diego, California, said an Aug. 30 press release by the U.S. Department of Education (DOE). The loan forgiveness has been approved under the “borrower defense” student aid program that has been in place for decades. Under the program, student loan borrowers who were misled by for-profit colleges could apply for forgiveness. The...

Congressional Democrats calling for widespread student loan forgiveness owe major sums in educational debt, according to a Washington Examiner analysis of newly released financial disclosures. A total of 14 Democratic members of Congress, who are an average of 45 years old and include the likes of "Squad" Reps. Alexandria Ocasio-Cortez (D-NY), Rashida Tlaib (D-MI), Ilhan Omar (D-MN), and Jamaal Bowman (D-NY), reported on 2022 filings holding up to $1.7 million combined in their own or a family member's student debt. That these same politicians have also urged Joe Biden to waive away college loans on the backs of taxpayers presents...

The Biden administration will soon implement a set of regulations that are commonly known as “Gainful Employment.” These regulations would restrict some college programs’ eligibility to participate in federal financial-aid programs like Pell grants and student loans. The Higher Education Act, originally passed in 1965 and amended many times over the years, includes a provision that requires “vocational” programs to prepare students for “gainful employment.” The law defines vocational programs as any program at a for-profit college, as well as any non-degree program (e.g., certificate programs) at public and private non-profit colleges. As a matter of logic, this definition fails...

Recently the Supreme Court put an end to Joe Biden’s efforts to gift erstwhile college students almost a trillion dollars in “debt relief”. That’s a lot of money… but in reality that’s a tiny fraction of the money the government has wasted on redistribution, AKA social programs over the last six decades. Next year the United States will commemorate the 60th anniversary of the War on Poverty, initiated by President Lyndon B. Johnson in 1964. The War’s programs initially started on a modest scale but have expanded almost parabolically since. At the 50th anniversary of the launch the government had...

The media, Biden, and other Democrats keep bragging how great Bidenomics is and how good the job market is. That would especially make it good for kids who went to college because they make more than people who didn't. Yet we get these sob stories, that essentially are campaigning for other people to pay off student loan debt, whining that after three years of letting people skip paying their loans, they are all of a sudden are going to have to pay. What a concept! Paying off your own debt. Somehow, only half are going to be required to pay...

Gov. Ron DeSantis of Florida doesn't support broad student-loan forgiveness. But he does think bankruptcy should be an option for borrowers who cannot afford to pay off their debt. "It's wrong to say that a truck driver should have to pay off the debt of somebody who got a degree in gender studies. This is not the taxpayers that should have to do that," he added. "At the same time, I have sympathy for some of these students because I think they were sold a bill of goods. I think these universities knew that they could take all this federal...

Faster than you can say "privileged student freeloader parasites," President Joe Biden (D) announced still yet another plan that will "forgive" students from repaying loans used to pay high tuition at expensive colleges so they wouldn't have to attend taxpayer-supported, low-tuition public colleges. Or work. Or attend job-focused trade schools. "Can the Secretary use his powers to abolish $430 billion in student loans, completely canceling loan balances for 20 million borrowers, as a pandemic winds down to its end?" wrote Chief Justice John Roberts in the majority opinion for Biden v. Nebraska. "We can't believe the answer would be yes."...

WASHINGTON -- The Supreme Court's decision striking down President Joe Biden's program to forgive student loan debt for about 43 million people could hurt not just individual borrowers, but also the U.S. economy, as billions of dollars of consumers' disposable income are taken out of circulation. The ruling could spark a "modest headwind" against economic growth, Bernard Yaros, an economist at Moody's, a financial risk assessment firm, told ABC News. "None of this is enough to tip the economy into a recession," Yaros said. "But this is no doubt a hit." Thomas Simons, an economist with the equity research firm...

Some student loan borrowers encouraged others to default on their loans "en masse" following the decision by the U.S. Supreme Court to cancel President Joe Biden's student loan debt forgiveness plan, but one expert told Newsweek why that may not be a good idea. "Okay, thing I can actually talk about: Mass default on student loan debt would be a really effective message and f*** you to this country from the folks most impacted by our constant slide backwards. Just don't pay it. Hit the bricks. En masse," Twitter user Derek Van Dyke wrote. On Friday, the Supreme Court reached...

A Nashville lawyer found a novel way to beat student loans: a lawsuit. In subsequent tweets, Manookian shared the basic steps others could follow to get their student debt wiped through the legal system. “This isn’t about loan forgiveness,” Manookian told The Post. “It’s about holding these companies to the very same contract that they insist debtors comply with.” Manookian, who attended Vanderbilt University Law School, told The Post he took out two loans from JP Morgan and Bank One for $60,000 to pay for his education, chipping away at his students loan debt for “upwards of a decade.” A...

The Supreme Court struck down President Biden’s student loan forgiveness plan on Friday, a measure that would have wiped out nearly half a trillion dollars in debt for millions of Americans. The decision will impact the nearly 700,000 Wisconsinites that have federal student loan debt -- a total that adds up to more than $20 billion. Sid Bagley is one of those people who took out a federal student loan. He went back to school at age 45 to get a business administration degree and better himself. “I hated my job so much I made the initiative to go back...