Posted on 06/30/2023 4:53:08 PM PDT by 11th_VA
Just hours after the Supreme Court struck down the president's student loan forgiveness plan, the White House came back on Friday with several avenues to support borrowers.
The Biden administration is seeking to provide debt relief under the Higher Education Act of 1965 and has initiated that regulatory process…
The Education Secretary on Friday initiated a rule-making process in an effort to open "an alternative path to debt relief for as many working and middle-class borrowers as possible" under the authority provided by the Higher Education Act, according to a White House factsheet.
The Education Department on Friday issued a notice that announced a virtual public hearing on July 18 and asks for written comments from stakeholders. After the hearing, the department will finalize the issues that need to be addressed and hold negotiated rule-making sessions this fall.
The White House factsheet did not make clear if the Biden administration is pursuing the same forgiveness plan parameters that the court struck down…
The White House press office did not immediately respond to an email to clarify the debt relief parameters it was pursuing under the Higher Education Act.
The administration also unveiled a plan to help borrowers when they restart their paused payments in October. For 12 months, borrowers won't be penalized for late, missed, or partial payments. Borrowers don't have to take any action to qualify for the program...
(Excerpt) Read more at finance.yahoo.com ...
This was part of the Debt Negotiation, that the Criminal in Chief, couldn’t pause payments again - so instead, he just did away with all the penalties if they don’t pay …
All this does is take the eyes off Hunter...
The GOP House has the power of the purse, but they won’t use it with the Department of Education. They won’t even mention the idea. Instead, McCarthy will have a C.R. in September and an Omnibus on Christmas Eve. Just more of the same until America is destroyed. Republicans are just as much at fault.
Interesting HOW FAST they moved out...almost like they knew the ruling in advance.
All the more reason to kill the Dep of Ed along with all its funding authority. The states are finally learning they do not need a federal dep of ed.
Democrat Rahm Emanuel: "Never let a crisis go to waste."
Well they might as well figure out a way to pay all our debts off then. Why stop at just student loans.
What just plain old reparations for being school slaves?
NY Democrat complains about her student debt
.........gets slammed for her million dollar home
Fox News ^ | June 30 | Kyle Morris
Posted on 6/30/2023, 6:43:49 PM by entropy12
Former New York state Democrat Sen. Alessandra Biaggi took to social media Friday to discuss the pricey student loans she had amassed during law school, despite purchasing a $1.14 million home last summer.
“In 2012, I graduated from Fordham Law School with $180,000 is student loan debt,” Biaggi wrote in a tweet. “I’ve been paying loans for 11 years. Even paid two of them off completely.”
“In 2023, my balance is $206,000,” added Biaggi, who represented New York’s 34th district during her three-year tenure in the state Senate.
(Excerpt) Read more at foxnews.com ...
So everyone needs to take out a large student loan. Use the money to buy a new house and ask for loan forgiveness.
ping
borrowers won’t be penalized for late, missed, or partial payments“
In other words they no further payments are need to be made you are off the hook
DeSantis is now a millionaire. Unfortunately, he still has student loans to pay off.
Business Insider ^ | June 30, 2023 | Kimberley Leonard
Posted on 6/30/2023, 8:08:45 PM by Reverend Wright
Florida Gov. Ron DeSantis almost quadrupled his net worth in a year, thanks to a seven-figure payday from his bestselling memoir, “The Courage to be Free.”
The 2024 candidate’s net worth as of December 31, 2022, was $1,174,331, according to documents he filed to the Florida Commission on Ethics ahead of a July 1 deadline. A year earlier, DeSantis’ net worth was nearly $319,000. The lift in salary was largely thanks to a $1.25 million book advance DeSantis got from Broadside Books, the conservative arm of HarperCollins Publishing that is owned by Rupert Murdoch’s News Corp.
Since filing his last financial disclosure, DeSantis lowered the amount he owes on his student loans slightly, from $21,284.92 to $18,628.66. The governor’s financial disclosure became public on Friday evening, the same day that the Supreme Court struck down President Joe Biden’s student loan forgiveness program.
(Excerpt) Read more at businessinsider.com ...
.
There’s No Honest reason to not open Impeachment proceedings and Investigation of Joe today.
Joe’s agencies have already repeatedly withheld info - and Subpoena power is plenary under Impeachment.
I suspect McCarthy made promises to Not Impeach Joe for any reason.
Bailouts, some folks should not get , gofer, a high edumacation if they don’t won’t can’t turn it around into some stash muny to do some payback for the man’s munerations . Justsayin
BINGO! They couldn’t wait to gaslight us!!
There will be legal challenges to this new plan(s). The part about the borrowers don’t have to apply but they are automatically eligible for this new plan will run into trouble.
Don’t forget the Mercedes or the Land Rover!
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