Keyword: studentloans
-
Republican Gov. Chris Sununu is predicting that President Joe Biden's $167 billion student loan forgiveness plan is actually going to come back and bite him. Just this week, Biden cancelled another $7.7 billion for 160,000 Americans, in a push that critics view as an attempt to 'buy votes' ahead of the 2024 election. But Sununu tells DailyMail.com in an exclusive sit-down interview this week that no debt is actually being wiped out. 'We've just transferred it to somebody else. Somebody still carries that debt...and it's still to be paid by all of America.' 'The political benefit that Biden thinks he's...
-
President Joe Biden revealed that his administration will be canceling more than $7 billion in student debt for 160,000 people. The White House issued a statement Wednesday announcing that 160,000 people in the United States would have their student loans canceled, erasing a total of $7.7 billion in student debt for those people. In June 2023, the Supreme Court issued a 6-3 decision to block Biden’s plan to cancel $430 billion in student loan debt for almost 40 million people.
-
The Martin Center opposes the Biden administration’s new loan-forgiveness rules for two basic reasons: They are outside of the Department of Education’s authority, and they will have adverse consequences. Economists often refer to special-interest legislation—bills passed to favor some politically influential group with benefits extracted from society in general. The nation’s Founders were well aware of that prospect and sought to prevent it in their writing of the Constitution. In Federalist 10, James Madison wrote about the evils that arise when “factions” can use governmental power to enrich themselves at the expense of others. The Constitution’s limitations on and division...
-
Borrowing to pay for college is about to get more expensive: The interest rate on new federal student loans for undergraduates during the upcoming 2024-25 academic year will be the highest in 12 years. The federal student loan interest rate will be 6.53% for undergraduate students, up from 5.5% for the current year. The interest rate has not been that high on any undergraduate loans since the 2012-13 school year. Graduate students will see an 8.08% interest rate this coming academic year, up from 7.05%. And PLUS loans, which are available to both parents and graduate students, will come with...
-
Mohamed Abdou is a pro-Hamas “anarchist interdisciplinary activist-scholar of Indigenous, Black, critical race, and Islamic studies, as well as gender, sexuality, abolition, and decolonization” at Columbia University. Now, I don’t mean to pick on Abdou; it’s just that he happens to teach virtually every trendy pseudo-intellectual identitarian twaddle concocted by modern man. Ultimately, we make Abdou’s job possible. Nearly every student loan taken in the United States is either given by the government or fully guaranteed by taxpayers. This sounds wonderful in the abstract, since it allows every student a chance at higher education. The reality, however, is that we...
-
The Biden administration announced that it would forgive more than $6.1 billion in student debt for 317,000 former students of The Art Institutes, the once-giant chain of for-profit schools. The U.S. Department of Education concluded that the schools and its parent company, the Education Management Corp., or EDMC, made “pervasive and substantial” misrepresentations to prospective students about post-graduation employment rates, salaries and career services. Eligible borrowers will get the forgiveness automatically, whether or not they went through the formal process for loan relief for defrauded borrowers.
-
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.
|
|
|