Republican states file suit to stop Biden’s SAVE student loan repayment plan
Student loan relief is once again at a standstill as Republican-led states seek to end income-driven repayment plans. (iStock) The political tug of war over student loan forgiveness enters a new chapter as 11 states are led by Republicans filed a lawsuit We called on President Joe Biden and the U.S. Department of Education to […]
Millions of borrowers to see student loan payments drop in July after SAVE adjustment
In July, borrowers enrolled in the SAVE plan will have their payments calculated using 5% of their income. (iStock) President Joe Biden’s Savings for Worthy Education (SAVE) plan reduced student loan payments. 153,000 borrowers. The schedule for July is Plans to further reduce payments For almost all registered borrowers. This plan determines the payment amount […]
This week’s personal loan rates edge down for 3- and 5-year loans
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Biden Admin Approves Massive Loan To Reopen Nuke Plant That Might Close Again Within Years
The Department of Energy (DOE) announced Wednesday that it would be funding a ten-digit loan to restore a 53-year-old nuclear power plant in Michigan that, due to regulatory hurdles, may close again after 2031. DOE has committed to giving Holtec, a New Jersey-based energy company, a $1.5 billion loan to renovate the Palisades Nuclear Plant […]
Republican-led states file lawsuit to block Biden’s massive new student loan bailout plan
Eleven Republican-led states have filed a lawsuit against President Biden and Education Secretary Miguel Cardona to block the administration’s latest student loan debt cancellation plan. The lawsuit, filed Thursday in Kansas federal court by the state’s Attorney General Kris Kobach, involves states such as Alabama, Alaska, Idaho, Iowa, Louisiana, Montana, Nebraska, South Carolina, Texas, Utah’s […]
Democrats hope student loan moves hold weight for Biden in November
Democrats are hoping that student loan relief could be a winning issue in November for President Biden, who canceled billions of dollars in debt despite losing the case at the Supreme Court last summer. . The White House has touted that the president has canceled more student loans than any other administration in history, but […]
‘Just as illegal as the old plan’: Biden hit with lawsuit over latest student loan debt ‘forgiveness’ program
Eleven states, led by Kansas Attorney General Kris Kobach (R), filed a lawsuit against the Biden administration on Thursday after the White House announced more federal student loan debt “forgiveness” last week. fox business report. “A coalition of states is suing Biden and his co-defendants, the Department of Education and Secretary of Education Miguel Cardona, […]
Biden admin to provide $1.5B loan to restart Michigan nuclear plant
The federal government will provide a $1.5 billion loan to restart a nuclear power plant in southwest Michigan, officials announced Wednesday. Holtec International plans to acquire and dismantle the 800-megawatt Palisades power plant in 2022. But now the focus is on reopening by the end of 2025, with help from the state of Michigan and […]
Legal experts raise alarm on President Biden’s ‘plan B’ student loan handout
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Some student loan borrowers are getting refunds on top of loan forgiveness, here’s who qualifies
Borrowers who have been paying their loans for more than 20 years may be eligible for a refund. (iStock) Some student loan borrowers who have been making payments under income-based repayment and forgiveness programs for more than 10 years have yet to receive promised forgiveness. To rectify this, the Biden administration is offering its forgiveness, […]