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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...

Like any Ivy League school, a degree from Yale University has the potential to help you go very far in life. The New Haven, Connecticut-based university has a long list of notable alumni, including actors Angela Bassett and Jodie Foster, Presidents George H. W. Bush and George W. Bush, and billionaire businessman Tom Steyer. Those are just some of the undergraduate alums — the list of notable alumni from Yale's graduate programs is even longer and includes several other U.S. presidents, Supreme Court justices, actors, founders and more. Plus, Yale students go on to command a median salary of $95,961...

The Congressional Budget Office reports the 2024 budget deficit will near $2 trillion.. In 2024, the federal budget deficit is estimated to reach nearly $2 trillion, according to new projections released by the Congressional Budget Office (CBO) this week. In February, the agency predicted that the deficit would only be $1.58 trillion. However, spending increases have caused the projected deficit to increase by $400 billion, a staggering 27 percent hike. According to the CBO, 80 percent of the spike in the deficit can be blamed on four sources of government spending. The largest source, responsible for $145 billion of the...

The Congressional Budget Office revealed on Tuesday that the federal budget deficit for this fiscal year is expected to hit $1.9 trillion, marking a 27% increase of $400 billion from their earlier February estimate. "Most of the spike in the fiscal 2024 deficit stems from four factors that are expected to boost projected spending," CNN explains. "The largest is a $145 billion increase due to changes the Biden administration made to student loan repayment plans and a new, proposed forgiveness program that would waive some accrued interest for millions of borrowers. The latter has yet to be finalized but could...

here’s a new report out by the Congressional Budget Office with an updated projection of the federal deficit for the 2024 fiscal year—in February, the office calculated we as a nation would be an additional $1.5 trillion in the red, but now that number has jumped 27% to $1.9 trillion, or a additional $400 billion.The CBO report identified several factors impacting this increase, with Cadaver Joe’s vote-buying student loan “forgiveness” scheme accounting for the “largest” portion of it. Here are the details, from a CNN report:Most of the spike in the fiscal 2024 deficit stems from four factors that are...

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 DailyMail.com 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...

Attorney generals for 17 Republican-led states have sued the Biden administration over its latest student loan debt forgiveness plan, arguing it does not have the authority to wipe out student loan debt for an estimated 30 million Americans. Under Biden’s new effort, called the Saving on a Valuable Education plan, “borrowers who originally took out $12,000 or less in loans and have been in repayment for 10 years are eligible to get their remaining debt canceled,” an April 8 news release states. The SAVE plan would also forgive debt for “borrowers in public service for 10 years who have made...

On Thursday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers member Heather Boushey stated that President Joe Biden is fighting inflation and its impact by “lowering the cost of student debt for all of those borrowers” with the student loan plan he announced earlier in the week. Boushey said, “[T]he President has been focused on using all the tools that he has at his disposal to make sure that he lowers costs for families. So, this is the first President to be negotiating with Big Pharma over prescription drug prices. That’s going to lower prices for...

(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...

In the United States, federal student loans are typically guaranteed by the government. This means that if a borrower defaults on their federal student loan, the government steps in to ensure that the lender (usually a private financial institution) does not face significant financial losses. The government either pays the loan in full or guarantees a portion of the outstanding balance. However, this guarantee does not absolve private lenders from all risks. Private student loans, which are not guaranteed by the government, may pose a greater risk to lenders if borrowers default. In such cases, the lenders may face losses...

Nearly 5.5 million federal student loan borrowers have enrolled in what the Biden administration calls "the most generous" repayment option ever offered, federal officials said on Wednesday.The repayment plan, dubbed the Saving on Valuable Education (SAVE) plan, went into effect in August as part of President Joe Biden's regulatory effort to dramatically reduce monthly obligations for student borrowers who aren't earning very much, with many borrowers seeing their bills shrink to practically nothing.According to the latest update from the U.S. Department of Education, about 2.9 million of the SAVE plan's current enrollees have incomes that are low enough that they...

This situation could be quite concerning for several reasons: Credit Score Damage: When people default on their student loans, it can wreak havoc on their credit scores. This means they’ll have trouble accessing credit in the future for things like buying a home, a car, or even just getting a credit card. It’s like a financial scar that can take years to heal. Financial Instability: Defaulting on loans often leads to financial instability. Borrowers may struggle to make ends meet, and this can impact their overall financial well-being. They might have to put off important life decisions like getting married...

As U.S. President Joe Biden’s stalled student loan forgiveness plan means repayment is set to resume on Oct. 1, a growing number of student loan borrowers are claiming they either cannot or will not pay the debt back. In fact, an August survey from student and education resource publication Intelligent.com revealed that 62% of respondents said they are considering boycotting loan payments in the fall as almost half of them doubt they will be able to afford those payments. Twenty-nine-year-old Shahem Mclaurin took to TikTok to ask hard questions about whether borrowers like him should protest what many view as...

Congressional Democrats calling for widespread student loan forgiveness owe major sums in educational debt, according to a Washington Examiner analysis of newly released financial disclosures. A total of 14 Democratic members of Congress, who are an average of 45 years old and include the likes of "Squad" Reps. Alexandria Ocasio-Cortez (D-NY), Rashida Tlaib (D-MI), Ilhan Omar (D-MN), and Jamaal Bowman (D-NY), reported on 2022 filings holding up to $1.7 million combined in their own or a family member's student debt. That these same politicians have also urged Joe Biden to waive away college loans on the backs of taxpayers presents...

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...

President Biden’s new income-driven repayment plan for student loans will cost $475 billion over 10 years, according to the Penn Wharton Budget Model, tens of billions of dollars more than an earlier plan that the Supreme Court struck down last month. The Penn model estimates taxpayers will face $200 billion in costs due to payment reductions in the president’s Saving on a Valuable Education (SAVE) plan, as a little more than half of the $1.64 trillion in outstanding loans will be covered.

The Biden Education Department announced it would “automatically forgive” student loans to hundreds of thousands of followers despite a Supreme Court ruling striking down another student loan scheme just two weeks ago. As reported by ABC News, Education Department officials announced Friday that are forgiving the debts of 804,000 borrowers to supposedly fix what they called “administration failures.” These borrowers are individuals who have been paying their loans back through income-driven repayment plans. This allows debts to be forgiven once they’ve been paid for 20 or 25 years. Education Secretary Miguel Cardona said in a statement these borrowers would be...

Friday, FNC host Laura Ingraham opened her program by warning those expecting reparations based on promises from Democratic politicians will suffer the same disappointment as those who expected student loan forgiveness. Earlier in the day, the high court ruled against President Joe Biden’s student loan forgiveness program.

As we told you earlier, the Supreme Court has released another 6-3 decision that's going to drive the Left even crazier after they learn that President Biden's student loan "forgiveness" scheme has been deemed unconstitutional. Speaking of the Left screeching, there is a certain Democrat cited in the majority opinion that's bound to turn up that volume in a rather hilariously backfired kind of way:

WASHINGTON, D.C. — Leftists are devastated this morning after the Supreme Court passed down a new ruling that will ban robbing those who didn't attend college to pay for the expensive and useless degrees of those who did. "If the useless poor can't pay for my $300,000 Diversity and Belonging Doctorate degree, what good are they?" said Dr. Mikayla Barnes, a local Starbucks shift manager. "What am I supposed to do now? Work more? I'm ruined!" Sources say this tragic ruling will adversely affect the lives of thousands of feminists who will no longer be able to afford blue hair...