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...
The Department of Education just shared the first draft of the proposal’s rules, and there’s a lot to break down.
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...
Two Ontario universities are warning anyone planning to follow the lead of pro-Palestinian student activists in the U.S. and elsewhere in Canada that setting up encampments on campus will not be tolerated.
An election that was never in doubt has nonetheless cast a long shadow over the campaign for the presidency as voters in the country’s largest swing
(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,"...
U.S. President Joe Biden spoke with Israeli Prime Minister Benjamin Netanyahu on Sunday where the leaders discussed the terms of a possible ceasefire deal that would include the release of hostages held captive by Hamas, according to a statement from the White House.Biden's talk with Netanyahu comes as U.S. Secretary of State Antony J. Blinken departed for a trip to the Middle East, his seventh ambassadorial mission to the region since the Israel-Hamas war in Gaza started more than six months...
Pres. Biden forgave billions of dollars in student aid, but that will only help struggling American young people if college costs also com down.
President Joe Biden signed a bill to ban TikTok in America on Wednesday, but his re-election campaign says it will continue to use the social media app, confusing just about everyone. The confusion stems from the claims that TikTok is being banned because it supposedly poses a national security risk to Americans. So if it […]
The $95bn package allots funds to Israel, Taiwan and Ukraine, which desperately needs munitions for its war with RussiaJoe Biden praised congressional leaders and lawmakers for what he called an effort “to answer history’s call at this critical inflection point” after the US Senate voted resoundingly in a bipartisan majority on Tuesday to approve $95bn in aid for Ukraine, Israel and Taiwan.The Senate passed the bill in a sweeping 79 to 18 vote, after similarly lopsided approval in the House last...
Yuval RosenbergApril 22, 2024After the House on Saturday approved a $95 billion, four-bill bundle of foreign aid legislation, the Senate is set