However, many have hope that all or some of their student loans will be forgiven after the Biden administration announced in August their plan to forgive student loans.
She said she probably wouldn’t know how to identify a student loan scam from an actual call or email from the government telling her her loans are forgiven. The White House also said borrowers shouldn’t tell anyone their federal student aid password because the Department of Education wouldn’t contact them for that information.
The White House also advised that borrowers shouldn’t pay anyone who promises to forgive their loans. They said borrowers can report scammers to the Federal Trade Commission.
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Small business group files suit over Biden student loan planA small-business advocacy group has filed a new lawsuit seeking to block the Biden administration's efforts to forgive student loan debt for tens of millions of Americans. Wonder if they raised the same ruckus during the bailouts of the banks that caused our enlomo y to tank? Or when the tax cuts added trillions to the deficit? Or do they only complain when the help is for ordinary people?!? Good. We need to prevent the president, regardless of political party, from excessive overuse of EO’s to get their way when congress doesn’t give them what they want. The system was built with checks and balance in mind and this just circumvents the process. Trump wanted a border wall & Dems were quick to point out 'Congress controls the purse strings'. Trump got some $ from the military's budget. Biden can't pull half a trillion out of the thin air. He needs Congress approval and will lose the lawsuit. It's the Constitution silly.
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