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 […]
Billionaire Mark Cuban confronted fellow billionaire Bill Ackman online on Saturday after he criticized President Joe Biden's forgiveness plan for student loan debt.Biden recently canceled student loan debt for a further 277,000 people, bringing the total number of Americans approved for debt relief during his administration to 4.3 million. The latest debt relief applies to people enrolled in the federal Saving on a Valuable Education Plan (SAVE), or people who were approved for relief because...
The Supreme Court slapped down President Biden’s $430 billion mega-sellout in June 2023 over its absurd use of a post-9/11 law meant to help active-duty military avoid loan troubles.
Michael RaineyApril 12, 2024President Joe Biden on Friday announced another round of student loan forgiveness, part of a piecemeal effort that
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...
The Department of Education just shared the first draft of the proposal’s rules, and there’s a lot to break down.
Most families take out student loans to cover the rising cost of college. A new report found that incoming freshmen may have $37,000 in debt by graduation.
Biden has now dished out $153 billion in student debt relief trying to fix the broken loan system.
Education Department unveils new rules focused on canceling loan interest. Unveiled rules are part of the larger Biden effort to cancel student loan debt. Efforts could impact 30 million borrowers when combined with other steps
You may have noticed over the last few days that the political world is in an uproar over President Biden's dispensing of student debt relief. It's not so much that Biden implemented the relief program at all; what got politicians and pundits in a tizzy was that he called out the GOP naysayers in the House by pointing out that many of them had received business loans via the pandemic-era Paycheck Protection Program, or PPP, that had never been paid back. The White House tweeted out the forgiven...
Here’s what you need to know before pursuing this path.
Here’s what you need to know before pursuing this path.