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Keyword: studentdebt

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  • Biden Boasts "Court Can't Stop Me" [semi-satire]

    02/23/2024 11:11:22 PM PST · by John Semmens · 22 replies
    Semi-News/Semi-Satire ^ | 25 Feb 2024 | John Semmens
    Despite a Supreme Court decision declaring that a president lacks the authority to unilaterally forgive student debt, a chipper Biden boasted "the Court can't stop me. I sign the papers and $138 billion in debts don't have to be repaid. It's as simple as that. Judges have no troops or police officers to arrest me. Democrats in Congress will prevent the Republicans from impeaching me." Press Secretary Karine Jean-Pierre explained that "sterile adherence to out-dated notions of a balance of power between the three branches of government must not be allowed to thwart the President from ending the suffering of...
  • 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 · 94 replies
    DailyMail.com ^ | 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 cancels even MORE student debt: Up to 6.9 million Americans in SAVE plan who received less than $12,000 will have their loans wiped if they have been paying for 10 years

    01/12/2024 8:18:29 AM PST · by TexasGunLover · 22 replies
    DailyMail ^ | 09:08 EST, 12 January 2024 | EMILY GOODIN, SENIOR U.S. POLITICAL REPORTER
    President Joe Biden announced on Friday that federal student loans will be wiped out for borrowers who received less than $12,000 and have been in repayment for the past decade. Starting in February federal loan borrowers 'who took out less than $12,000 in loans and have been in repayment for 10 years will get their remaining student debt cancelled immediately,' Biden said in a statement.
  • Magical Joe: $9B in student debt...POOF!

    10/04/2023 9:46:58 PM PDT · by SeekAndFind · 16 replies
    Hotair ^ | 10/04/2023 | Beege Welborn
    Three days. After years of not having to pay a dime, the bill came due again for student loans as of this past Sunday. Federal student loan borrowers will need to start making payments again this month after a three-year-plus pause due to the pandemic.You should expect a bill that lays out how much you have to pay each month at least 21 days before your due date. It’s likely that most borrowers have received their bill already but if you have not, visit your loan servicer account. Interest started accruing again in September.Not three days later? The old grifter...
  • Biden just quietly created the largest student debt handout program in U.S. history

    09/13/2023 11:53:57 AM PDT · by lowbridge · 28 replies
    Fox News ^ | September 13, 2023 | Justin Haskins 
    In June, the Supreme Court struck down the White House’s plan to cancel $430 billion in student loan debt. Biden’s debt cancellation plan would have been the biggest student debt handout in history, had it not been wildly unconstitutional. Undeterred, the Biden administration has rolled out smaller debt relief programs in the wake of the Supreme Court’s decision, and it has announced that it is in the process of developing an even larger debt cancellation plan in the near future, one that will likely also be challenged in court. However, as important as these legal and political battles are, a...
  • Supreme Court Goes Three for Three [semi-satire]

    07/03/2023 7:01:55 AM PDT · by John Semmens · 3 replies
    Semi-News/Semi-Satire ^ | 2 July 2023 | John Semmens
    Court Strikes Down Racism In a case brought against Harvard University and the University of North Carolina by Students for Fair Admissions, the US Supreme Court ruled 6-3 that using different admission standards for different races is unconstitutional. Chief Justice John Roberts wrote "Harvard and UNC admissions programs cannot be reconciled with the guarantee of the 14th Amendment that all persons are entitled to equal protection under the law. Granting special privileges to some based solely on skin color is illegal." Justice Ketanji Brown Jackson dissented, writing that "given the history of discrimination against blacks a counterbalancing period of discrimination...
  • NY Democrat complains about her student debt after SCOTUS ruling, gets slammed for million dollar home

    06/30/2023 3:43:49 PM PDT · by entropy12 · 51 replies
    Fox News ^ | June 30 | Kyle Morris
    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.
  • More than half of Americans think college degrees are waste of money: Poll

    06/19/2023 8:36:26 AM PDT · by george76 · 44 replies
    Washington Examiner. ^ | April 01, 2023 | Heather Hunter
    More than half of Americans don’t believe a college degree is worth the cost ... 56% of all Americans viewed getting a college degree as a bad investment, while only 42% of Americans see a degree as worth it. The highest skepticism of the group that was surveyed came from young adults in the 18 to 34 age range. "Women and older Americans are driving the decline in confidence. People over the age of 65 with faith in college declined to 44% from 56% in 2017. Confidence among women fell to 44% from 54%," the poll said. ... The confidence...
  • Student-loan borrowers are about to be thrown back into repayment, and the economy will suffer - especially if Biden's debt cancellation is struck down

    06/04/2023 7:42:27 AM PDT · by Libloather · 60 replies
    Business Insider ^ | 6/04/23 | Ayelet Sheffey
    Student-loan payments are resuming this year. It's likely going to hurt not just borrowers, but the entire US economy. In March 2020, former President Donald Trump first implemented the student-loan payment pause to give borrowers financial relief during the pandemic. Trump and President Joe Biden since extended it multiple times - Biden in November most recently extended the relief through 60 days after June 30, or 60 days after the Supreme Court issues a final decision on the legality of the president' plan to cancel up to $20,000 in student debt for federal borrowers, whichever happens first. And the most...
  • Dense WashPost Admits Biden ‘Overreached’ on Student Debt, but Pleads SCOTUS ‘Shouldn’t Stop Him’

    03/08/2023 8:06:55 AM PST · by JV3MRC · 12 replies
    NewsBusters ^ | 3/8/2023 | Joseph Vazquez
    Sure, President Joe Biden unilaterally canceling student loan debt without Congressional approval is probably illegal, but whatever. At least, that’s the argument The Washington Post editors are running with. The Post editorial board ran a dim-witted editorial headlined: “Biden overreached on student loans. But the court shouldn’t stop him.” The president abused his executive authority when he canceled $10,000 in debt for “most borrowers” and $20,000 for Pell Grant recipients on Aug. 24, 2022. The act hit taxpayers with a price tag in the billions, according to CNBC. The Post admitted that Biden’s plan was “expensive,” “ill-targeted” and “made worse...
  • 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...
  • Here are 3 things the end of the COVID public health emergency could undo

    01/31/2023 1:22:03 AM PST · by blueplum · 20 replies
    The Hill ^ | 30 Jan 2023 | LAUREN SFORZA
    The Biden administration announced on Monday that it plans to end on May 11 a pair of emergency designations implemented during the COVID-19 pandemic.... Here are three things that could be undone with the lifting of the national and public health emergencies. Title 42 Title 42 was a policy implemented by the Trump administration that allowed Border Patrol officials to expel foreign nationals at the border, citing public health protections related to the pandemic.... Medicare and Medicaid beneficiary benefits ...With the end of the public health emergency, Americans will need to start paying for COVID-19 tests and treatments such as...
  • Students Advised to Be Patient [semi-satire]

    12/01/2022 8:40:51 AM PST · by John Semmens · 4 replies
    Semi-News/Semi-Satire ^ | 27 November 2022 | John Semmens
    This week the Department of Education sent out letters to the 16 million students who expected the government to cancel at least $10,000 of the debt they each accrued to attend expensive colleges. In the letter, Secretary of Education Miguel Cardona expressed sympathy for their plight and blamed "enemies of our democracy for thwarting the President's efforts to reduce your suffering." "As we saw this year, the Supreme Court--the most undemocratic institution within our government--cruelly block the President's executive order granting you partial relief," Cardona wrote. "They said he lacked authority to unilaterally do this since the Constitution gave Congress...
  • Biden Admin Warns Of Bankruptcy Surge As It Asks Supreme Court To Resume Student Debt Forgiveness Plan

    11/17/2022 9:07:39 PM PST · by SeekAndFind · 28 replies
    Nation and State ^ | 11/17/2022 | Tyler Durden
    Biden's student loan forgiveness plan is going to the Supreme Court.After Biden's plan to buy votes in exchange for forgiving a portion of one's student loan was halted by two federal courts in recent weeks, both of which found it to be unconstitutional, the admin's Justice Department is asking for quick action to block both rulings and allow the plan to take effect even as it plays out in the nation’s courts.As a result, the White House plans to ask the Supreme Court to reinstate the president’s student debt cancellation plan, according to a Thursday legal filing warning that :Americans...
  • Biden Student Loan Forgiveness CANCELED By Judge, Voting Democrat Backfired On Young People

    11/14/2022 3:03:50 PM PST · by Jess Kitting · 36 replies
    Youtube.com ^ | November 14, 2022 | Tim Pool
    Biden to students: Sorry, I was just kidding! Thanks for the votes, BTW. LMAO.
  • Federal Court Blocks Biden’s Student Loan Forgiveness Nationwide

    11/14/2022 1:42:58 PM PST · by thegagline · 30 replies
    The Daily Caller ^ | 11/14/2022 | Trevor Schakoi
    The U.S. Eighth Circuit Court of Appeals ordered a nationwide injunction pending appeal against President Joe Biden’s student loan debt forgiveness program Monday, adding to previous legal action blocking the plan. The program seeks to forgive $10,000 in federal student loan debt for individuals with incomes under $125,000 and up to $20,000 for Pell Grant recipients, with the Biden administration claiming it had the authority to institute the program under the HEROES Act of 2003 and an emergency situation sparked by the COVID-19 pandemic. Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina had filed a lawsuit against the Biden administration...
  • Student debt bailout, the ant, and the grasshopper: The party that supported slavery wants to force low income taxpayers to pay for vacations and restaurant meals for people with college degrees

    11/14/2022 10:27:16 AM PST · by grundle · 7 replies
    Wordpress ^ | November 14, 2022 | Daniel Alman (aka Dan from Squirrel Hill)
    https://danfromsquirrelhill.wordpress.com/2022/11/14/grasshopper/Student debt bailout, the ant, and the grasshopper: The party that supported slavery wants to force low income taxpayers to pay for vacations and restaurant meals for people with college degreesBy Daniel Alman (aka Dan from Squirrel Hill)November 14, 2022In Aesop’s classic fable, “The Ant and the Grasshopper,” the ant spends all summer saving up food for the winter, while the grasshopper does not. When winter comes, the ant is well fed, and the grasshopper starves to death.When I was a child in the 1970s, this fable was taught to children, in order to teach us a lesson. We were...
  • Federal judge rules Biden's plan to cancel hundreds of billions of dollars in student loan debt is unconstitutional and must be vacated

    11/10/2022 7:47:54 PM PST · by Conservat1 · 42 replies
    B911 on Twitter ^ | Nov 10, 2022
    Breaking911 @Breaking911 tweeted ( Nov 10, 2022): BREAKING: Federal judge rules Biden's plan to cancel hundreds of billions of dollars in student loan debt is unconstitutional and must be vacated - Reuters
  • Biden admin pulls back on student loan forgiveness amid legal challenges

    09/29/2022 10:35:52 PM PDT · by conservative98 · 16 replies
    NY Post ^ | September 29, 2022 9:56pm | Patrick Reilly
    The Biden administration is pulling back on its student debt relief program amid numerous legal challenges, including six new lawsuits filed by Republican-led states. In a reversal from Biden’s original sweeping proposal in August to cancel federal student loans up to $20,000, the US Department of Education announced Thursday that it would not forgive debt from borrowers whose student loans are owned by private entities.
  • Arizona sues Biden administration over student loan forgiveness

    09/29/2022 9:43:12 PM PDT · by conservative98 · 7 replies
    12 News ^ | September 29, 2022
    PHOENIX — Arizona Attorney General Mark Brnovich filed a lawsuit Thursday against the Biden administration to stop its "illegal" student loan cancellation program. The lawsuit challenges the president’s authority, through the Department of Education, to cancel more than $500 billion in student loan debt without congressional approval. “This mass debt forgiveness program is fundamentally unfair, unconstitutional, and unwise,” said Arizona Attorney General Mark Brnovich. “The question Americans need to be asking is why college costs so much in the first place?” Under the student debt cancellation program, the administration plans to cancel $10,000 to $20,000 of student loan debt for...