Many Americans don’t approve of how student loan debt is being handled by Biden
Many borrowers want forgiveness but don’t approve of the way student loans have been handled in recent years. (iStock) Student loan debt has been a hot topic this election season. As the fight over the pros and cons of debt forgiveness rages on, many borrowers have been vocal about their opinions on debt forgiveness. Currently, […]
VA adjusts home loan benefits to help veterans buy a home in a difficult market
Veterans and active duty military members can now use their VA mortgage benefits to pay broker fees. (iStock ) Buying a home is more complicated and expensive than it’s been in years. Interest rates and home prices are high, and inventory is only slowly beginning to increase. To help eligible veterans and active-duty military fight […]
3 million student loan borrowers won't owe a payment in July: Here's why
(NEXSTAR) — Millions of student loan borrowers will not have to pay back their debt in July, despite two federal injunctions issued last week. The one-month grace period is part of what was meant to be a new benefit for borrowers enrolled in the Worthwhile Education Savings Plan (also known as Worthwhile Education Savings). SAVE […]
This week’s personal loan rates fall for 3-year loans, while 5-year terms rise
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Obama-Appointed Judges Strike Down Parts Of Biden’s Student Loan Repayment Plan
Obama-appointed federal judges blocked parts of the Biden administration’s Saving on a Valuable Education (SAVE) plan on Monday in response to Republican states’ lawsuits. Judge John A. Ross of Missouri and Judge Daniel Crabtree of Kansas blocked parts of the administration’s SAVE plan, which was an income-driven repayment program intended to lower monthly costs for […]
Courts block parts of Biden student loan repayment plan
Two federal judges in Missouri and Kansas have blocked parts of the Biden administration’s efforts aimed at reducing student loan payments, raising doubts for millions of Americans affected by the program. In Kansas, Judge Michael Crabtree ruled that the Department of Education could not implement the full scope of the Savings for a Valuable Education […]
Parts of Biden student loan forgiveness plan blocked by judges
Two federal judges blocked parts of President Joe Biden’s student loan forgiveness plan. Federal judges in Missouri and Kansas ruled that the Saving on a Valuable Education program can’t be fully implemented. So far, debt for over 400,000 borrowers has been forgiven, at the amount of $5.5 billion. Missouri Attorney General Andrew Bailey, who put forward […]
Judges partially block Biden’s student loan forgiveness plan over constitutional challenge from 11 states
Two judges Opposed President Joe Biden on Monday pushed ahead with his student loan forgiveness plan over challenges from Republican-led states. During the 2016 campaign, Biden promised to shift student loan debt from borrowers to all taxpayers, but 11 states sued him, accusing him of usurping congressional power. “Today’s victory for Kansas is a victory […]
Biden’s Deportation Shield Order, Loan Plan Are ‘Pandering’
On Friday’s episode of HBO’s “Real Time,” host Bill Maher said President Joe Biden’s deportation protection order was “a form of pandering” and that his comments about racism and student loan plans were also pandering. Maher said Biden is “losing people who are supposed to be in the Democratic base.” “On immigration, we saw this […]
Aide to Rep. Marcy Kaptur boasts of receiving Biden student loan bailout — which his boss opposed
A staff member for a Democratic congresswoman bragged online on Wednesday that President Biden’s student loan relief measure — an executive order that her boss has openly opposed in the past — applied to her. “They received a call informing them their student loans have been forgiven,” said Ben Kamens, a spokesman for Rep. Marcy […]