It gives the Education secretary authority to waive rules relating to student financial aid programs in times or war or national emergency.because of the pandemic, and it remains in effect.
In that case, the court declared that when dealing with such "major questions," the administration must point to clear congressional authorization when it asserts new power over an important part of the economy. The Job Creators Network, which promotes conservative economic policies, said it was weighing a lawsuit to try and block Biden's plan.
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President Biden poised to announce some form of student loan forgiveness: SourcesJoe Biden is poised to decide whether to cancel student loan debt for a subset of Americans and continue to keep a COVID-era pause on the repayments I’m not going to paid for someone who majored in liberal arts & couldn’t job at all. This doesn't apply to me, I don't have any student loans. But he did campaign on this and it's only right that he does it. Infuriating!
Source: ABC - 🏆 471. / 51 Read more »
Biden’s move to cancel student debt would cost more than $300 billion, study says“Simply extending the current repayment pause through the end of the year would cost $20 billion — equivalent to the total deficit reduction from the first six years of the IRA, by our rough estimates.” You're ignoring the benefit of people having more money to pump into the general economy.
Source: WashTimes - 🏆 235. / 63 Read more »
Biden to reportedly cancel $10K in student loan debtPresident Joe Biden will reportedly cancel $10,000 worth of federal student loan debt, according to multiple reports. And the rest of us taxpayers will have to foot the bill. Fucking criminal I want a $10000 payback from 30 years ago. We used to pay back our student loans not cry about them. POTUS Congress KatieMcGrawx I graduated 30 years ago and still don’t make $125k. Yet I still paid my federal loans back. You want to rework some of the interest, fine. But the principle needs to be repaid!!! It was taxpayer money. College is a privilege. Not a free handout.
Source: WEWS - 🏆 323. / 59 Read more »
Biden to cancel $10,000 in student loan debt for borrowers earning less Than $125,000The debt forgiveness, although far less than the amount that some Democrats had been pushing for, comes after months of deliberations over fairness and fears that it could exacerbate inflation before the midterm elections. Better to help our kids than Ukraine
Source: sfexaminer - 🏆 236. / 63 Read more »
Biden announces mass student loan forgiveness programBREAKING: President Joe Biden has announced a mass student loans forgiveness program. This is discriminatory towards anyone who did not attend college. It’s in keeping with the slacker mentality this generation and progressives have. they’re the same one who endorse “quiet quitting”. Colleges should be on the hook for student debt. Part of the tuition should be for a placement program for the student's first job in their field of study. This should eliminate bogus degrees and make colleges focus on education NOT safe spaces.
Source: dcexaminer - 🏆 6. / 94 Read more »