Biden rolls out another $7.4B in student loan debt ‘forgiveness’ while lawsuits pile up
Biden administration announced Friday will also “cancel” another $7.4 billion in federal student loan debt. 277,000 borrowersin spite of, The ever-growing mountain of lawsuits. The White House says the current administration has approved $153 billion in so-called student loan “forgiveness.” Some of the cancellations were rolled out as part of the Savings on a Valuable […]
Biden Administration Announces $7.4B Student Debt Cancellation
President Joe Biden speaks about his proposed spending on child care and other investments in the “care economy” during a rally at Union Station in Washington, Tuesday, April 9, 2024. (AP Photo/Evan Vucci) James Myers of OAN8:28am – Friday, April 12, 2024 The Biden administration announced it will cancel an additional $7.4 billion in student […]
Biden Cancels Billions In Student Loan Debt
President Joe Biden cancelled billions in student loan debt for thousands of borrowers just months after the Supreme Court blocked previous efforts to do so. Biden announced Friday $7.4 billion in student debt cancellation for 277,000 Americans through his Saving on a Valuable Education (SAVE) repayment plan which the president announced in February 2023, according […]
Biden canceling student debt for more than 277,000 borrowers
President Biden announced Friday that he would cancel the debt of more than 277,000 borrowers. The administration has forgiven $7.4 billion to borrowers in more than 40 states in its latest debt relief program, bringing the total student loan cancellations under Biden’s presidency to $153 billion. The latest loan forgiveness initiatives are being delivered through […]
Biden’s new student debt relief plan estimated to cost $84B: Penn analysis
President Biden’s new student debt relief plan is estimated to cost about $84 billion if implemented, according to a Penn Wharton budget model released Thursday. The model analyzes five elements of Biden’s proposed plan, totaling $84.06 billion in efforts that could be implemented before the November election. The plan’s biggest cost is Biden’s proposal to […]
Teen in fatal stabbing of boy protecting girlfriend was collecting ‘blood debt’ after spring break feud: cops
The teens who allegedly stabbed a Wyoming boy to death while trying to protect his girlfriend have been engaged in a weeks-long feud with the victim and are now “paying” a “blood debt” to one of his friends. officials said. . Dominic Harris and Jareth Plunkett, both 15 years old, who were charged with stabbing […]
Economist warns of urgent US ‘debt detox’: We’re going to be in a recession before people know it
Financial writer and forecaster Harry Dent explains why he predicts a “very strong sudden tightening” of markets has not yet sent a full shock to the economy. Market experts are sounding the alarm over the worsening of the country’s debt crisis and are proposing a “detox detox” in anticipation of the “next great economic boom.” […]
Biden’s student loan debt ‘forgiveness’ plan faces another lawsuit: ‘Embarrassing attempt to buy the 2024 election’
On Tuesday, seven more states filed separate lawsuits against the Biden administration, citing continued attempts to circumvent the Supreme Court’s ruling against significant federal student loan debt relief. fox business report. So far, 18 states have sued Biden for shifting billions of dollars in student loan debt to taxpayers. The latest lawsuit, led by Missouri […]
Biden seizes on student debt relief amid worries about young voters
President Biden is moving forward with a “life-changing” student loan relief plan as he woos younger voters amid signs that a key voting bloc could leave the party or simply drop out in November. New NPR/NewsHour/Marist poll A poll released last week found former President Trump holds a two-point lead over Biden among Millennial and […]
Students of all political views believe government should help with student loan debt
89% of Democrats and 81% of Republicans think the government should help with student loan debt. (iStock) Students across the country agree that student loan forgiveness is a must.Ann Axios research found that people on both sides of the political spectrum think the government should do more to help people repay their debts. Of the […]