Trump Administration Suggests Selling Portions of $1.6 Trillion Federal Student Loan Portfolio
The Trump administration is reportedly exploring the option of selling a portion of the federal government’s substantial $1.6 trillion student loan portfolio to private investors. Senior officials from the Department of Education and the Treasury are in discussions about this potential move, as detailed by Politico, which cites three anonymous sources. This federal student loan […]
Jackson Hospital encounters a fresh financial struggle while the city considers a loan request.
Just eight months after avoiding bankruptcy, Jackson Hospital and its clinic are at another financial juncture. This time, they’ll have only a few weeks to devise a plan to keep operations running. During a recent meeting with the Montgomery City Council, hospital administrators warned that without new funding, services could be halted by the end […]
7 Updates: Student loan borrowers’ relief ends; Trump to address Alabama; Alabama book dispute gains backing from US Supreme Court; and more …
7. President Trump is reportedly considering a proposal for a $5,000 financial incentive to encourage higher birth rates. This initiative seeks to tackle the trend of declining population, but it overlooks the significant costs associated with raising children. 6. The Fairhope public library, along with some of its librarians and community members, may lose state […]
U.S. Education Department to restart defaulted student loan collections
US Secretary of Education Linda McMahon will speak at a press conference hosted by House Democrats outside the US Education Headquarters in Washington, DC on April 2, 2025 (Photo: Shauneen Miranda/States Newsroom) Washington – US Department of Education On Monday, he said he would resume his May 5th collection for default federal student loans. After […]
California Begs For Emergency Loan After Showering Illegal Immigrants With Healthcare Benefits
California borrows $3.444 billion this month to continue to surface the Medicaid program as a cost to the state’s healthcare expansion, including compensation for illegal immigration. The emergency loan requested by the Democratic government’s administration of Gavin Newsom in Wednesday’s letter to lawmakers is the maximum amount the state can take, and will only cover […]
FACT CHECK: Claim That Trump Plans To Invalidate Biden’s Student Loan Forgiveness Program Is Satire
Post shared on facebook President-elect Donald Trump reportedly plans to sign an executive order revoking President Joe Biden’s student loan forgiveness program. Verdict: False This claim is false and originally stemmed from a Jan. 17 article published on the satirical website Real Raw News. Fact check: President Trump’s inauguration took place indoors in the U.S. […]
Biden Admin Ramming Through One Last Student Loan Giveaway In Its Final Days
The Biden administration announced Monday that it will forgive 150,000 more student loan debts, bringing the total number of borrowers for which the administration has extended relief to a major milestone. Despite being reprimanded by the Supreme Court in June 2023, President Joe Biden and his team continued to push forward with their student loan […]
Lame Duck Biden Cancels Student Loan Debt For Tens Of Thousands In Final Push Before Trump’s Return
The lame-duck Biden administration announced Friday that it would forgive the student loan debt of about 55,000 public employees. The approximately $4.3 billion initiative will provide additional loan forgiveness to members of the Department of Education (DOE). Public service loan forgiveness (PSLF) program is a 10-year effort between governments and nonprofit organizations to forgive Americans’ […]
US Treasury Turns Frozen Russian Assets Into $20 Billion Loan For Ukraine
The U.S. Treasury on Tuesday transferred $20 billion of a massive $50 billion G7 loan to Ukraine. The funds are channeled through a World Bank intermediary called the Financial Intermediation Fund of Ukraine Strengthening and Investment Promotion Fund (FORTIS Ukraine FIF), and are aimed at strengthening Ukraine’s economic stability amid the ongoing conflict with Russia. […]
FACT CHECK: Are The $750 In FEMA Grants For Hurricane Victims Actually a Loan?
Posts about facebook Hurricane Helen victims claim $750 in government aid they are receiving from the Federal Emergency Management Agency (FEMA) is a loan. Verdict: False The money victims receive is in the form of grants, not loans. Fact check: FEMA officials announced that approximately $344 million worth of aid has been distributed to areas […]