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Keyword: studentloan

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  • Begala: People Should ‘Earn’ Debt Relief, Student Loan Forgiveness Will ‘Piss off the Working Class’

    05/07/2022 2:10:38 PM PDT · by ChicagoConservative27 · 29 replies
    Breitbart ^ | 05/07/2022 | Ian hatchett
    On Friday’s broadcast of HBO’s “Real Time,” Democratic strategist and CNN Contributor Paul Begala criticized proposals for President Joe Biden to forgive student loan debt by stating that “Democrats have gone from being the party of the factory floor to being the party of the faculty lounge.” And Democrats should “go back to their roots, which is, earn it.”
  • Biden’s Student Loan Cancellation to ‘Make Inflation Worse’: Stephen Moore

    04/30/2022 9:59:05 PM PDT · by SeekAndFind · 20 replies
    Epoch Times ^ | 04/30/2022 | By Harry Lee and Paul Greaney
    President Joe Biden recently indicated that he would seriously consider student loan forgiveness. But according to former White House economic adviser Stephen Moore, this gesture is not only bad politics but “worse economics” and would make the record-high inflation even worse.“It’s not forgiveness … It’s shifting the burden from the people who borrowed the money to you and I and all the taxpayers,” Moore told NTD Business on April 28.Moore is a co-founder of the Committee to Unleash Prosperity and a distinguished visiting fellow at the Heritage Foundation.“And by the way, if they were to do this plan, would anybody...
  • Biden says he's breaking campaign pledge to provide 'limited' student loan forgiveness and is now considering wiping 'substantial' amount of $1.6tn owed by 43,000 borrowers

    04/26/2022 11:09:23 PM PDT · by knighthawk · 51 replies
    UK Daily Mail ^ | April 27 2022 | RONNY REYES
    Joe Biden is considering reneging on a campaign promise to cancel limited amounts of student debt, and is now mulling far more substantial coverage of the $1.6trillion in debt owed by 43,000 people. Biden alluded to his plan during a meeting on Monday with the Congressional Hispanic Caucus, where he told Rep. Tony Cardenas, a California Democrat, that he had plans that would please the group. The president previously supported canceling up to $10,000 of debt per student, but is now said to be open to forgiving a larger - if unspecified amount.
  • These woke pols want student loans forgiven — including their own

    01/30/2022 6:59:28 PM PST · by george76 · 8 replies
    NY Post ^ | January 29, 2022 | Conor Skelding
    Many of the woke politicians who have pushed for student-loan cancellation are themselves hip-deep in school debt ... Most members of “The Squad” — the coterie of socialist legislators led by Rep. Alexandria Ocasio-Cortez (D-N.Y.) — fall into this category. Collectively, they owe between $180,004 and $400,000 in student loans, the records show. Rep. Ocasio-Cortez had a balance of between $15,001 and $50,000 in federal student loans as of 2020, according to her most recent personal financial disclosure. Despite her $174,000 annual salary, the economics major hasn’t paid off her balance, despite a zero percent interest rate and no payments...
  • Federal student loan forgiveness program fulfills an elusive promise: To erase debts

    01/27/2022 5:37:19 PM PST · by Az Joe · 55 replies
    NBC News ^ | 01/27/2022 | Erik Ortiz
    Over 70,000 student borrowers have qualified for debt forgiveness since the Department of Education overhauled the program last fall. But another deadline is looming.
  • Thousands of ‘fake students’ enrolled in California community colleges seeking financial aid

    11/26/2021 6:28:54 AM PST · by DFG · 21 replies
    The College Fix ^ | 11/26/2021 | KATELYNN RICHARDSON
    Public colleges disperse hundreds of thousands of dollars in financial aid to scammers; professor says it’s abuse of taxpayer dollars and real students can’t enroll in needed courses The California Community Colleges system is being overwhelmed by thousands of fake students, or “bots,” applying and enrolling in classes to scam money from financial aid. Kim Rich, a criminal justice professor at Pierce College, first noticed the issue during the summer semester in June 2021, when she discovered multiple “students” in her online class exhibiting suspicious behavior: submitting work done by someone outside the class, registering for the same courses, and...
  • Student Fedloan follies and fables

    10/28/2021 6:27:38 AM PDT · by fatboy · 9 replies
    As a general rule, I'm one that feels that if you take out a loan, you should expect to pay it back. I'm not in favor of "Student Loan forgiveness", the most important thing with any post secondary education that will cost money is will the education or training offer a future job that pays? The only exception being if the student has the time and money to take classes for "personal enrichment" with no expectation of a financial reward. Ok, we took out a Parent Plus loan for our daughter, total $21,000 which was dispersed in August 2012. The...
  • Student Loan Class Warfare

    08/12/2021 12:21:58 PM PDT · by PoliticallyShort · 15 replies
    The American Mind ^ | 08/12/21 | Inez Stepman
    Last Friday, the Department of Education announced another extension of COVID-19 emergency student loan forbearance, which allows the 92 percent of student debtors whose loans are backed by the federal government an additional six months without making any payments. Loan forgiveness is often packaged as a benefit for those on the lower half of the income spectrum. Senator Elizabeth Warren, for example, tweeted her two cents on Monday, calling for “#CancelStudentDebt.” During her failed run for the presidency, her campaign website justified total cancellation as a benefit to the working and middle classes. Avowed class warrior Bernie Sanders has also...
  • COVID Power: Biden Extends Freeze on Repayment of Student Loans Through January 2022

    08/07/2021 8:56:26 PM PDT · by SeekAndFind · 3 replies
    PJ Media ^ | 08/07/2021 | Rick Moran
    Joe Biden has extended his pandemic-inspired freeze on repaying student loans through January 2022. That should give the radicals just about enough time to cancel repaying all student debt — all $1.7 trillion of it. I’m sure that’s good news for the 44 million Americans who took out loans to pay for college and especially graduate school. For the rest of us, it’s hard to say. If it encourages more 18-year-olds to take out loans to pay for a degree in rainforest management or classic film studies, it’s probably not a good thing. The pandemic relief measure to freeze repayment...
  • Federal student loan payments paused until 2022

    08/06/2021 2:38:30 PM PDT · by BenLurkin · 46 replies
    KHON ^ | Aug 6, 2021 / 11:04 AM HST | TIffany Hudson
    The pause on federal student loan payments has been extended until January 31, 2022. The freeze was put in place at the start of the COVID-19 pandemic in 2020 as the federal government worried millions of debt holders would default on loans due to job loss and the down turned economy. Education Department officials have extended the pause under the Biden administration and former President Trump’s administration several times. It most recently was set to expire September 30. The Biden administration said this is the final time they will extend the pause on repayment. “As our nation’s economy continues to...
  • City University of New York forgiving up to $125 million in student debt with COVID-19 relief funds

    07/31/2021 1:52:55 AM PDT · by blueplum · 15 replies
    Fox News ^ | 30 Jul 2021 | Paul Best
    Up to 50,000 students, including some in the country illegally, could have their debt forgiven under the 'CUNY Comeback Program' City University of New York announced this week that it is using federal coronavirus relief funds to wipe out up to $125 million in debt and unpaid fees for more than 50,000 students who were enrolled during the pandemic. ...Students who paid off all their tuition and fees during the pandemic are eligible for a $200 grant.
  • Busting Some Student Loan Myths: Many people are upset about loans but don’t know how they work.

    07/21/2021 6:49:49 PM PDT · by SeekAndFind · 10 replies
    Real Clear Education ^ | 07/21/2021 | Beth Akers
    In the current political climate, arguing against free college and student-loan cancellation doesn’t make you very popular among a particular crowd.But one thing that’s clear is that many people are upset about loans but don’t know how they work. Multiple misconceptions surround student debt and college finance that make people more upset than they need to be, which can lead to poor decision-making when it comes to education or finances.So let’s clear up a few things.Student debt isn’t an inescapable life sentence.The political discourse surrounding student debt would have you believe that unaffordable student loans are inescapable, but that’s pretty...
  • Biden arrives back at the White House and prepares to DROP student loan forgiveness from next week's budget: President BREAKS campaign promise to cancel $10,000 debt for 42 million Americans

    05/23/2021 11:53:07 PM PDT · by knighthawk · 34 replies
    UK Daily Mail ^ | May 24 2021 | BEVAN HURLEY and NIKKI SCHWAB
    Joe Biden will not include student loan forgiveness in his upcoming Budget, after pledging to cancel $10,000 from loans on the campaign trail. Biden, who was seen arriving back at the White House on Sunday from a weekend at Camp David, is due to announce his latest budget at the end of next week, and claims he has grown suspicious of wiping out the loans. The shift in policy is a major blow for the more than 42 million Americans who have student loans.
  • A Basic Analysis of the Relative Debt Burdens of Recent College Graduate Mortgagors of Yesteryear and Recent Years

    03/27/2021 8:30:34 AM PDT · by Brian Griffin · 51 replies
    03/27/2021 | Brian Griffin
    I will compare the several years after graduation debt burden of a college graduate of 1979, myself, with that of a fairly recent college graduate, each recently having purchased a house a few years after graduation using a mortgage. I left college owing $1,500 on a 5-year 7% bank-issued student loan. This would have had a monthly payment of about $29.70. I also took out a total of $3,500 in National Defense Student Loans at 3%. These would have had a combined monthly payment of $33.80. In 1982, I bought a house with a $72,500 FHA mortgage for 30 years...
  • Mike Rowe Easily Dismantles Democrat’s Student Loan Forgiveness Scheme

    12/17/2020 8:22:48 AM PST · by MJacks4 · 11 replies
    The Mix ^ | 12/17/2020 | Erin Perri
    Fans wanted to know Mike Rowe’s opinion on student loan forgiveness as a longtime proponent of trade jobs and a decrier of the “outrageous rise of college tuition”. Well, the former “Dirty Jobs” host finally weighed in and dealt Democrats some serious comeuppance with his compelling counterargument. Mike Rowe Does NOT Support Student Loan Forgiveness Top Democrats are looking to wipe out hundreds of billions in college debt. Debt forgiveness was a key 2020 Biden/Harris platform that they adopted from their more socialist leaning Democrat peers.
  • An Easier Way to Stop Joe Biden

    11/28/2020 9:21:59 AM PST · by Brian Griffin · 26 replies
    11/28/2020 | Brian Griffin
    Courts have repeated thrown out President's Trump's lawsuits, often with contempt and scorn. As far as I know, not even a single fraudulent vote has yet been judicially identified and removed from Joe Biden's tallies. What I suggest instead is to go after Joe for state law felony voter corruption, while Joe Biden is still within the grasp of state law. Florida Statute 104.061(2) provides: (2) No person shall directly or indirectly give or promise anything of value to another intending thereby to buy that person’s or another’s vote or to corruptly influence that person or another in casting his...
  • Biden's Student Loan Forgiveness Plan Is Idiotic and Immoral

    11/20/2020 4:56:48 AM PST · by Kaslin · 26 replies ^ | November 20, 2020 | Josh Hammer
    Higher education might be the most pressing domestic issue confronting America today. As currently structured and carried out, higher education is a blight upon the nation -- an affirmative hindrance to our efforts in aiding human flourishing and securing the common good. It is possible that no propagated belief in modern American history has been more intellectually, experientially, and fiscally ruinous than the notion that a four-year bachelor's degree-bestowing bender is a necessary rite of passage for entering adulthood. Caviling about the systemic corruption of the academy is perhaps old hat. By the time William F. Buckley Jr. wrote "God...
  • The Soul Man Cometh

    11/19/2020 5:31:42 AM PST · by NOBO2012 · 7 replies
    MOTUS A.D. ^ | 11-19-20 | MOTUS
    We Chumps are not likely to be as pleased as Chucky about his plans for how Joey can spend our money without our consent - before it’s even “deemed” to be “his” to spend. Of course forgiving student loans was Pocahontas’ plan to win the Dem primary. Didn’t work out well for her, possibly for the same reason referenced by Damon, above - Chump anger:A man approached Warren with a question. “My daughter is getting out of school. I’ve saved all my money [so that] she doesn’t have any student loans. Am I going to get my money back?”“Of course...
  • Joe Biden Cancelling Student Loan Debt By Fiat Will Create Republican Voters

    11/17/2020 6:57:50 AM PST · by SeekAndFind · 66 replies
    PJ Media ^ | 11/17/2020 | Stacey Lennox
    With the presumption that Joe Biden will be inaugurated on January 20, 2021, demands are already being made. The calls for him to forgive student loan debt by executive order are getting louder. This is supposedly some gift to the millennial generation—clearly, the most put-upon generation in all of American history.Schumer saying Biden can cancel first $50,000 in student debt via executive order. And will do so in first 100 days. This will change so many lives.— Tom Winter (@WinterForMT) November 7, 2020Of course, that is a stretch. The millennials are victims of the ruling class’s strategy of managed...
  • It Was A Good Run (The End Of College Is Near)

    01/08/2020 4:05:30 PM PST · by blam · 68 replies
    Mauldin Economics ^ | 1-8-2020 | Jared Dillan
    I predict that 20% of colleges and universities will shut down or merge in the next 10 years, and probably more. It was a good run. Most people fail to understand that higher education is in itself countercyclical. When the economy is bad, and people lose jobs, many of them will go back to school. You have probably heard about the for-profit education boom and bust. That is old news. You might not have heard that total enrollment has been declining for the last eight years as the economy has improved. What comes next will pulverize nearly every institution of...