President Joe Biden on Wednesday announced the approval of more than $6.1 billion in student loan debt relief for nearly 317,000 borrowers who were enrolled at any Art Institute campus from January 2004 until October 2017.
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Michael RaineyMay 2, 2024The Biden administration on Wednesday announced it would erase roughly $6.1 billion in additional student loan
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...
The Federal Trade Commission is warning about scammers targeting people with promises to cancel their student loans, and critics say President Joe Biden fueled the fire himself. Biden has been pledging to cancel student loans since the 2020 presidential campaign and has rolled out a wide range of programs and proposals toward that end. While his […]
EXCLUSIVE — Conservative advocacy group Heritage Action, the advocacy arm of the Heritage Foundation, has launched a campaign opposing President Joe Biden‘s latest moves to cancel student loans. The group launched a comment portal in April seeking input from the public on Biden’s plan to cancel or reduce student loan debt for as many as […]
The White House took a series of questions about pro-Palestinian protests on college campuses, reiterating that President Joe Biden opposes antisemitism while touting the things he’s done for young people. Several reporters tried to pin down the administration’s position on whether or not it supports the protesters or is sympathetic to their cause. “I understand […]
A national grassroots petition in protest of President Joe Biden’s latest student debt “forgiveness” stunt garnered over 5,000 online comments in a single night. Biden’s Read More
Last week, President Biden visited Madison, Wisconsin where he announced new details for his student debt cancellation plan. While this initiative promises immediate short-term financial relief, it avoids addressing the deeper systemic issues plaguing American higher education. “Starting this fall we plan to deliver up to $20,000 in interest relief to over 20 million borrowers […]
After the Supreme Court blocked President Joe Biden's first plan to forgive student debt, his administration set out to create a more viable relief package.
The Biden administration's latest plan to wipe out federal student loan debt for millions of borrowers could add up to $750 billion to the national deficit, according to a Tuesday report from the Committee for a Responsible Federal Budget.So far, the White House has announced $150 billion in so-called student loan "forgiveness" programs over the last year following the Supreme Court's June decision to reject unilateral loan cancellations. The previously rejected program would have wiped out $430...
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.