Biden's New Student Debt Relief Will Add Up To $750 Billion To The Budget Deficit By The Committee for A Responsible Federal Budget The Biden Administration recently announced a new plan to cancel student debt for up to 30 million borrowers and released a preliminary rule this morning detailing parts of this plan. The proposal, which is being introduced through the rule making process, would replace the Administration’s initial proposal to cancel between $10,000 and $20,000 per...
Rep. Kevin Hern called Wednesday for Republicans to turn their sights on President Joe Biden's renewed push to transfer student loan debt to American taxpayers.
(The Center Square) – President Joe Biden's plans to cancel student debt for some borrowers could cost taxpayers up to $1.4 trillion, depending on how the plans are implemented, a new report estimates. The nonpartisan Committee for a Responsible Federal Budget estimated all Biden's recent debt cancellation efforts would cost a combined $870 billion to $1.4 trillion. "That’s more than all federal spending on higher education over the nation’s entire history,"...
South African opposition party, the Democratic Alliance, has today
Student debt, a new Gallup report shows, is making it harder for young people to reach key life milestones. According to a Gallup survey of over 14,000 adults, over 70% of people say student debt has “delayed major life events” including moving out of their parents’ home, getting married, and having a child. Strikingly, there […]
Few issues have vexed the Biden administration like student loan forgiveness. Given that more than 40 million Americans owe money on their student loans, for a total of $1.6 trillion, few issues have such a large impact on so many. Democrats and progressives have long prioritized this matter, and President Joe Biden promised to fight for significant debt relief before taking office. Even though his ambitious proposal to use his executive authority to forgive $400 billion in student loan debt...
New Title IX rules from the Biden administration protect LGBTQ students from discrimination, but sidestep transgender athlete eligibility.
President Joe Biden’s taxpayer-funded American Climate Corps is looking to hire dozens of "Garden Educators" who will work on "activating elementary school gardens as a learning laboratory for environmental education." Job postings for the $20-per hour-position list "a commitment to social justice and anti-racism" as one of the "preferred qualifications."
Student protests over the war in Gaza have created an unpredictable challenge for President Joe Biden as he resists calls to cut off U.S. support for Israel while trying to hold together a coalition of supporters he’ll need for reelection.
Chief economist says common framework has failed to provide any new money to world’s poorest countries since it was set up in 2020The mechanism for providing debt relief to the world’s poorest countries is failing to produce results and requires a major rethink, a senior official at the World Bank has said.Indermit Gill, the bank’s chief economist, said that after four years the G20’s common framework – designed to speed up and simplify debt restructuring – had not provided a single dollar of...
The Biden administration released its new proposal to forgive student debt for millions of Americans. It hopes this plan will survive legal challenges.
Students react to the speaker announcement while school officials stand by the decisionMorehouse College, a nearly 160-year-old historically Black college in Atlanta, announced on Tuesday that Joe Biden will be the keynote speaker for its commencement ceremony in May. Though Morehouse initially extended the invitation in September, Biden’s acceptance comes after a tumultuous week for the president, in which college students across the nation have engaged in sustained anti-war protests in...