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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

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...

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 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...

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...

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.,...

Life comes at you fast. On Thursday, Supreme Court Justice Amy Coney Barrett decided not to get involved with Joe Biden’s student loan forgiveness scheme, denying a Wisconsin group’s bid to block the order. That had liberals spiking the football, suggesting that it wouldn’t be possible for anyone to gain standing to challenge the president’s move.Things shifted quickly on Friday, though. The 8th Circuit has now put an administrative stay in place, stopping Biden from moving forward with any cancellation of student debt.U.S. appeals court temporarily blocks Biden's student loan forgiveness plan https://t.co/dCIDJyjOxn pic.twitter.com/EwBKT2kIqd— Reuters (@Reuters) October 21, 2022Six different...

<p>Joe Biden is doing all he can to detach the cost of an education from the value of an education.</p><p>Amid the stir caused by President Joe Biden’s plan to cancel student loan debts, far too little attention has been paid to another far-reaching reform: the administration’s change to a lending program known as income-driven repayment (or IDR). If widely applied, Biden’s proposal would provide additional relief to millions of borrowers — and make the U.S. student loan system even costlier and more dysfunctional than it already is.</p>

The Biden administration’s sweeping effort to provide widespread student loan forgiveness for some Americans will cost about $400 billion, according to new reporting by Congress’ nonpartisan budget scorekeeper. The estimate applies to the plan Biden announced last month to forgive $10,000 in federal student loan debt for borrowers earning under $125,000, and $20,000 for borrowers who received Pell Grants. The CBO said 43 million borrowers shared $1.6 trillion in federal student loan debt, as of June 30. Under Biden’s plan, about $430 billion of that debt will be wiped out, the reporting shows. The CBO also estimated the costs for...

Let all bitterness, wrath, anger, clamor, and evil speaking be put away from you, with all malice. Ephesians 4:31 Anger and rage can do more harm to those those who practice it, than it does to the person the anger is targeted at. How many times have we witnessed someone so full of anger and rage that they end up doing something that only hurts themselves. I readily admit that for many years I walked with anger in my heart for those who did me wrong or hurt my loved ones. I chose to sin and be angry, rather...

As Leah Barkoukis reported this morning, President Joe Biden's declaration the COVID-19 "pandemic is over" during an interview with 60 Minutes on Sunday is causing all kinds of headaches for his administration. Joe Biden during an interview on 60Minutes says he believes the CoVid pandemic is Over. pic.twitter.com/B8CxdAJV1e— Real Mac Report (@RealMacReport) September 19, 2022But most recently President Biden used the pandemic as an excuse and justification to illegally reallocate student loan debt belonging to wealthy degree holders (and voluntarily taken out) onto the working class. "We responded aggressively to the pandemic to minimize the economic impact of the harm...

A new national poll from Convention of States Action and Trafalgar Group shows that President Joe Biden’s unconstitutional student loan forgiveness may hurt midterm candidates who support it. Nearly two-thirds of Independent likely voters join the 88.5% of Republicans who say they are less likely to vote for a candidate who supports President Biden’s student loan forgiveness plan. Overall, less than one-third of likely voters say support for student loan forgiveness makes them much more likely to vote for a candidate who supports it. So much for Biden’s attempt to buy votes.“We’re seeing this reflected not just in the polling...

Joe Biden’s plan to cancel up to $20,000 in student loans will cost taxpayers an average more than $2,500 per year, according to the National Taxpayers Union Foundation. The National Taxpayers Union Foundation estimates that debt cancelation could cost between $386 billion and $405 billion in net costs to taxpayers. That works out to an average per taxpayer of $2,503.22.

Colleges and universities have been selling potential students a bill of goods for decades, assuring them that a college education was the ticket to economic success, and the more you paid for higher education, the bigger the payoff in increased earnings down the road. That may have been true 40 or 50 years ago. But for most students today, college has become a luxury for upper-middle class and rich families who can afford the cost of a four-year degree. It’s either paid for by daddy — who doesn’t really mind his kid majoring in journalism or environmental justice — or...

President Biden’s announcement that he will forgive a certain amount of student debts has ignited a firestorm of controversy, with some pastors criticizing Christians who have a problem with the plan. After all, these pastors argue, since Jesus paid our debts on the cross, it is unchristian for us to protest the president’s plan.In the words of activist preacher Jonathan Wilson-Hartgrove, “A whole lot of folks who supposedly pray, ‘Forgive us our debts as we forgive our debtors’ don’t see debt forgiveness as an answer to prayer.” Or, as expressed by progressive pastor John Pavlovitz, “Conservative Christians are fully enraged...

Former Education Secretary Betsy DeVos is ripping President Biden’s student loan forgiveness plan as unfair, politically motivated and “100% illegal.” “The president has no authority to just wave a magic wand and suddenly forgive billions and billions of dollars in student loan debt,” she told Fox News late Monday. “Congress has the power of the purse, not the president.” ... “It is totally unfair to all of those who have not taken out student loans,” she said. “And for those students who faithfully have been paying their student loans down, how does that work for them?” Ms. DeVos also said...

Radio host Larry Elder exposed President Joe Biden’s student debt forgiveness plan as a scam that hoodwinks the working class into subsidizing the wealthy elite.

Unlike Christ, the government and universities are not suffering and giving up for the sake of the guilty party. They’re the ones profiting.On the issue of student loan reform, I am an equal opportunity extremist. On the one hand, I think academia is largely a giant con run by communist vultures who prey upon financially illiterate students in order to create worthless administrative jobs. For this crime, we should cancel existing student debts by raiding the endowments of those universities. Then we should ban student loans, defund public universities, and roast marshmallows over the burning contracts of every dean of...

If you have worked in public service (federal, state, local, tribal government or a non-profit organization) for 10 years or more (even if not consecutively), you may be eligible to have all your student debt canceled. Now, for a limited time, it is easier than ever to receive that forgiveness, or get credit toward forgiveness, if you have not yet served 10 years. But you must apply before October 31, 2022.

We’re doomed. Let’s call it what it is – a bribe to the youngest demographic of voters and a sop to black and brown voters. Joe Biden’s decision to cancel student loan debt was bone-headed at best, cynical at worst. To make a bad decision even worse – Treasury Secretary Janet Yellen and Jill Biden ( that’s Dr. Jill to you) advised the dazed and confused president not to do it. Instead of listening to a couple of people who might actually know a little something about the subject, Joe Biden decided to listen to Kamala Harris. That’s right. Biden...