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Keyword: forgiveness

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  • In Major Order, Appeals Court Blocks Student Loan Forgiveness And Lower Payments For 8 Million Borrowers

    07/18/2024 12:54:06 PM PDT · by george76 · 29 replies
    Forbes ^ | Jul 18, 2024, | Adam S. Minsky
    A federal appeals court on Thursday temporarily blocked a key Biden administration student loan forgiveness and repayment plan. The order could have significant ramifications for millions of borrowers.. Joe Biden’s Saving on a Valuable Education plan is a new income-driven repayment program designed to provide affordable payments and multiple pathways to loan forgiveness. The Education Department unveiled the SAVE plan last year, and began implementing the program in phases. But several groups of Republican-led states filed two separate legal challenges this spring, arguing that the Biden administration exceeded the authority Congress provided. Thursday’s appeals court ruling is just the latest...
  • EXCLUSIVE Biden's 'brainless 26-year-old socialist' advisers are 'ticking off' enough voters about student loan forgiveness to hand Trump the presidency, predicts GOP Gov. Chris Sununu

    05/25/2024 6:44:07 AM PDT · by Libloather · 24 replies
    Daily Mail ^ | 5/25/24 | Kelly Laco
    Republican Gov. Chris Sununu is predicting that President Joe Biden's $167 billion student loan forgiveness plan is actually going to come back and bite him. Just this week, Biden cancelled another $7.7 billion for 160,000 Americans, in a push that critics view as an attempt to 'buy votes' ahead of the 2024 election. But Sununu tells in an exclusive sit-down interview this week that no debt is actually being wiped out. 'We've just transferred it to somebody else. Somebody still carries that debt...and it's still to be paid by all of America.' 'The political benefit that Biden thinks he's...
  • Biden administration forgives $6.1 billion in student debt for 317,000 former Art Institute students

    05/02/2024 11:56:22 AM PDT · by RicocheT · 30 replies
    CNBC ^ | MAY 1 20246:00 AM | Annie Nova
    The Biden administration announced that it would forgive more than $6.1 billion in student debt for 317,000 former students of The Art Institutes, the once-giant chain of for-profit schools. The U.S. Department of Education concluded that the schools and its parent company, the Education Management Corp., or EDMC, made “pervasive and substantial” misrepresentations to prospective students about post-graduation employment rates, salaries and career services. Eligible borrowers will get the forgiveness automatically, whether or not they went through the formal process for loan relief for defrauded borrowers.
  • All that Biden student loan forgiveness, and young voters are still going for Trump

    04/10/2024 10:19:53 AM PDT · by SeekAndFind · 14 replies
    American Thinker ^ | 04/10/2024 | Monica Showalter
    For Joe Biden, it's got to be maddening.Day after day, he cooks up another legally questionable student loan forgiveness program, announces it to much fanfare to a fawning media, and all he gets for it is young people moving to vote for President Trump.According to Politico:Polls show former President Donald Trump is ascendant with the youngest bloc of the electorate, even leading President Joe Biden in some surveys, as less-engaged young voters spurn Biden. Meanwhile, Biden is stronger with seniors than he was four years ago, even as his personal image is significantly diminished since he was elected last time.That...
  • Biden administration will soon roll out a sweeping new student loan forgiveness plan

    04/05/2024 9:04:33 AM PDT · by Oldeconomybuyer · 41 replies
    CNBC ^ | April 5, 2024 | By Annie Nova
    The Biden administration will soon roll out a sweeping new student loan forgiveness proposal that could impact millions of Americans. Despite its smaller scope than President Joe Biden’s first education debt relief plan that the Supreme Court ultimately blocked, this new aid package could still forgive the debt for as many as 10 million Americans, according to one rough estimate by higher education expert Mark Kantrowitz. Biden is planning to provide details of his new debt forgiveness plan during a speech Monday in Madison, Wisconsin, The Wall Street Journal reported on Friday. The president likely wants to start forgiving debt...
  • Power Of The Resurrection

    03/31/2024 6:33:06 AM PDT · by OneVike · 3 replies
    trfmf ^ | 3/31/24 | Chuck Ness
    Many people, including Christians, view the Resurrection only as a great historical event. They pause once a year to reverently remember the death and resurrection of Christ. However, the resurrection is also a force, a power that belongs only to God. The death and resurrection of Jesus was much more than just something that happened one time. It was an historic demonstration of God’s attitude and power. When we come to a place where we die to our own dreams and preferences and possessions and agendas – when we let it all fall into the ground and just pass...
  • Want student loan forgiveness? Make universities pay

    03/29/2024 6:08:53 AM PDT · by Blood of Tyrants · 21 replies
    The Spectator ^ | 03/17/24 | Marc Oestreich
    (Read three articles free every month if you register) At the turn of the twentieth century, Saturday Evening Post editor and Yale dropout George Lorimer bitingly summed up academia when he said “colleges don’t make fools, they only develop them.” On the heels of yet another multibillion-dollar Biden administration college bailout, it seems we haven’t learned the lesson: colleges might not make fools, but they’re certainly trying to make fools of us. The bailout projects come from a Biden campaign promise: “I will eliminate your student debt.” Half-slogan, half-bribe, this resonated with millions burdened by the unpayable debt brought on...
  • Biden says 'MAGA Republicans' and the Supreme Court couldn't 'stop me' cancelling $138 billion in student debt and insists he isn't worried forgiveness program will get blocked by the courts during California campaign swing

    02/21/2024 4:56:14 PM PST · by hillarys cankles · 95 replies ^ | February 21, 2024 | Rob Crilly
    President Joe Biden Wednesday said he would never stop fighting for hardworking Americans as he put the spotlight on his debt cancellation efforts and ramps up his reelection campaign. He slammed MAGA Republicans and said even the Supreme Court could not stop him for helping hundreds of thousands of people saddled with years of debt. And he said he was not worried about further court challenges to his massive forgiveness program.
  • Biden administration reveals who may qualify for its new student loan forgiveness plan

    02/15/2024 9:19:43 AM PST · by Tell It Right · 25 replies
    CNBC ^ | 2/15/2024 | Annie Nova
    The Biden administration released its proposal for which struggling borrowers should qualify for its new student loan forgiveness plan. It said that receiving a Pell Grant, a disability and age could be factors signaling hardship.
  • Biden administration cancels $5B in student loans for 74,000 borrowers

    01/19/2024 5:47:41 AM PST · by Tell It Right · 36 replies
    UPI via Breitbart ^ | 1/19/2024 | UPI
    President Joe Biden announced on Friday that his administration was canceling nearly $5 billion in student loans impacting nearly 74,000 borrowers. Most of the forgiveness goes to 44,000 borrowers who have spent more than 10 years in public service working as teachers, nurses, firefighters and other positions, while the remaining 30,000 are borrowers who have been in repayment for at least 20 years without receiving relief, the White House said.
  • White House Counsel Who Helped Craft Biden's Ill-Fated Student Loan Bailout Heads for the Door

    08/17/2023 8:48:40 PM PDT · by SeekAndFind · 5 replies
    Red State ^ | 08/17/2023 | Mike Miller
    In this episode of Joe Biden's World...As the mountain of evidence continues to grow that Joe Biden has likely been an international shake-down artist for decades, word now comes that White House Counsel Stuart Delery, whom the embattled president calls a "trusted adviser," is leaving the administration, as the GOP investigations continue to heat up.In a Thursday statement from the White House, Biden called Delery a "trusted adviser and a constant source of innovative legal thinking since Day One of my Administration.""Innovative legal thinking." We'll get back to that.Biden (his handlers, no doubt) also said:From his work during those early...
  • Student Loans - Pay Your Own Debts!

    06/14/2023 9:33:05 PM PDT · by SeekAndFind · 6 replies
    Red State ^ | 06/14/2023 | Ward Clark
    The NAACP is “disappointed’ that the Biden Administration is ending the pause on student loan repayments. Isn’t that just too bad?“The resolution of the debt ceiling crisis is one we wholeheartedly welcomed and we appreciate all that went into debt ceiling negotiations. However, we are disappointed that the needs of Black communities have suffered from the negotiated agreement that will erode economic progress for Black Americans,” Wisdom Cole, the NAACP’s national director of youth and college, and Derrick Johnson, the group’s president, say in the letter.“It is disappointing that narrowing the racial wealth gap was not given a higher priority,”...
  • Senate Passes Repeal Of Biden’s Student Loan Cancellation Program—With Some Democrats’ Support

    06/02/2023 10:11:43 AM PDT · by SeekAndFind · 17 replies
    Forbes ^ | 06/02/2023 | Sara Dorn
    The Senate voted to overturn President Joe Biden’s student loan forgiveness program Thursday in a symbolic rebuke of the plan that would partially forgive debts of an approximately 40 million borrowers—but despite picking up a few Democratic supporters, the GOP-backed legislation is doomed to fail as Biden has vowed to veto it. The Senate voted 52-46, with Democratic Sens. John Tester (Mont.) and Joe Manchin (W.Va.), along with independent Sen. Kyrsten Sinema (Ariz.), joining Republicans. The vote came less than a week after the GOP-controlled House passed the same measure 218-203, with moderate Reps. Jared Golden (D-Maine) and Marie Gluesenkamp...

    05/09/2023 4:20:15 AM PDT · by metmom · 4 replies
    The Return ^ | May 8, 2023
    The New Testament is the story of stories, and it starts off all wrong. Most adventure stories begin with the wondrous “Once upon a time”, but Matthew starts his book with a genealogy. Why in the world would he do that? The greatest story ever told starts like a phone book with a long list of unpronounceable names. This is important, though. What makes this list amazing is that some names belong to people who had sketchy pasts. One of these names is Rahab from the Old Testament book of Joshua whose act of saving Hebrew spies got her inducted...
  • Over 615,000 public sector workers had student loans forgiven after Biden loosened rules

    05/08/2023 12:09:59 PM PDT · by CFW · 17 replies
    Just the News ^ | 5/8/23 | Madeline Hubbard
    The Education Department on Monday said over 615,000 student-loan borrowers have had debts forgiven through the Public Service Loan Forgiveness program since October 2021 due to policy changes made by the Biden administration. The government has forgiven a total of $42 billion in loans for public servants since October 2021, the department said. "This is a result of the temporary [Public Service Loan Forgiveness] changes made by the Biden-Harris Administration that made it easier for borrowers to reach forgiveness," the department also said. Under the Trump administration, 7,000 borrowers were approved for the forgiveness program
  • Why Student Loan Debt Relief Is A Worse Idea Than You Think: Instead of make the current system better, we are disguising the problem with a deficit-financed subsidy

    03/06/2023 4:58:58 PM PST · by SeekAndFind · 5 replies
    Daniel Lacalle Blog ^ | 03/06/2023 | Daniel Lacalle
    The U.S. Supreme Court has heard different arguments from supporters and opponents of President Joe Biden’s student debt forgiveness program. It is probable that the justices will rule before June. However, it is important to remember a few challenges.Student loans are an essential tool to help maximize the number of citizens that have access to the best and most exclusive tuition. American universities are among the top in the world and high-quality tuition comes with an elevated cost. To help the disadvantaged access top universities it is important to have a thriving and affordable loan system, a solid grant program...
  • A great question nobody is asking about Biden’s student loan giveaway plan: Advocates need to be pestered with this question, for there is no good answer

    03/06/2023 7:47:58 AM PST · by SeekAndFind · 34 replies
    American Thinker ^ | 03/07/2023 | Thomas Lifson
    I am vehemently opposed to Joe Biden’s illegal assumption of the power to force taxpayers to assume the burden of student loan repayments on college tuition obligations voluntarily entered into. It’s wrong constitutionally, and it’s wrong morally to force other people to pay for services to others that only a minority receive. Besides, higher education has devolved into a brainwashing arm of the hard left and has lost all claim to be a general public benefit. The education cartel has abused the public with tuition escalating at three times the rate of general inflation for about half a century now,...
  • The Supreme Court Is Set to Rule on Student Loan Forgiveness. Here’s What Could Happen Next

    02/27/2023 3:34:30 PM PST · by know.your.why · 20 replies
    02/27/23 | Self
    The Supreme Court is poised to hear back-to-back oral arguments for two student loan-related cases on Tuesday, in what could be the final hurdle for the Biden administration’s student loan forgiveness plan. In August, President Joe Biden announced a program that would forgive up to $20,000 in debt for borrowers with federally held student loans, impacting more than 40 million borrowers. Applications for the program opened in October, but a federal judge in Texas put the program on hold in November, ruling that the program was “unlawful.” In both of the cases heading to the Supreme Court, Biden v. Nebraska—a...
  • Biden Student Loan Forgiveness Plan In Trouble At Supreme Court, Lawyers Say

    02/21/2023 8:22:43 PM PST · by SeekAndFind · 8 replies
    Epoch Times ^ | 02/21/2023 | Matthew Vadum
    President Joe Biden’s sweeping plan to partially forgive student loans will likely receive a cool reception when the Supreme Court hears challenges to the program on Feb. 28, legal experts told The Epoch Times.Pacific Legal Foundation attorney Caleb Kruckenberg (courtesy Pacific Legal Foundation)Biden introduced the plan in August 2022 in a move that critics decried as a constitutionally dubious attempt to shore up Democrats’ fortunes ahead of the November 2022 congressional elections. While the Congressional Budget Office said the plan could cost about $400 billion, the Wharton School at the University of Pennsylvania estimates the price tag could exceed $1...
  • Biden’s Student Loan ‘Forgiveness’ Is An Even Bigger Scam Than We Thought

    11/17/2022 10:24:52 AM PST · by SeekAndFind · 24 replies
    The Federalist ^ | 11/17/2022 | Robert Busek
    A federal court vacated the Biden administration’s $400 billion student loan forgiveness plan on Thursday, calling it “an unconstitutional exercise of Congress’s legislative power.” Unfortunately, by the time the decision was handed down, the real goal of the gimmick had already been achieved; Gen Z and millennials turned out in droves on Election Day to turn the “red wave” into a “red trickle.”We’ve long known that the politicians who support this scheme don’t give a damn about the moral implications of using taxpayer money to pay off debt that college students freely chose to take on. Sen. Elizabeth Warren, D-Mass.,...