The Department of Education just shared the first draft of the proposal’s rules, and there’s a lot to break down.
Biden has now dished out $153 billion in student debt relief trying to fix the broken loan system.
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.
A total of 18 states are now suing the Biden administration over its new student debt forgiveness program, hoping to halt $1.2 billion in loan relief for more than 150,000 borrowers. The SAVE Repayment Plan, which was announced in February, allows borrowers to have their federal student debt forgiven if they took out $12,000 or less and have made payments for at least 10 years. A federal lawsuit filed Tuesday — led by Missouri and joined by Arkansas, Florida, Georgia, North Dakota, Ohio and...
The Biden administration said Friday that is using existing student loan forgiveness programs to cancel another round of student debt, totaling $7.4 billion for 277,000 borrowers. Under President Joe Biden, the Department of Education has made it easier for some specific groups of borrowers, like public sector workers, to qualify for loan forgiveness. It also launched a new repayment plan that creates a shorter pathway to loan forgiveness for many low-income borrowers – and is at issue in at...
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...
President Joe Biden has worked to woo young voters with his student loan forgiveness plan, but he is still lagging with the demographic in polls against former President Donald Trump. In two polls released on Thursday, Biden has smaller leads over Trump with young voters than four years ago — in a group he needs […]
If you’re confused about President Joe Biden’s various student loan debt-cancellation schemes, who can blame you? And on Tuesday, the Biden administration unveiled its third Read More
Student loan 'forgiveness' might be good for Democrats. For the constitutional order, it’s a disaster. As usual.
With President Biden on the road for the next few days, the White House press corps had to get their hardballs in while they could on Monday. Fox’s Peter Doocy, as always, had the adversarial questions the rest wouldn’t ask. This time, he went around and around with John Kirby over Iran predictably not being intimidated by President Biden’s simple demand to “don’t” fire missiles and drones at Israel. “John, has President Biden considered maybe beefing up the public Iran posture to be more than...
With President Biden on the road for the next few days, the White House press corps had to get their hardballs in while they could on Monday. Fox’s Peter Doocy, as always, had the adversarial questions the rest wouldn’t ask. This time, he went around and around with John Kirby over Iran predictably not being intimidated by President Biden’s simple demand to “don’t” fire missiles and drones at Israel. “John, has President Biden considered maybe beefing up the public Iran posture to be more than...
The White House announced another round of student loan debt cancelation bringing the total of student loan debt forgiven to $153 billion for some 4.3 million borrowers since Biden took office.