Tag: Loan

‘I Don’t Know What They Will Do’: Jonathan Turley Reacts To Supreme Court Halting Latest Biden Loan Forgiveness Effort

George Washington University law professor Jonathan Turley said Thursday that the Biden administration seems determined to ignore Congress and grant student loan forgiveness, despite the Supreme Court halting the program. The Supreme Court declined to lift an appeals court order blocking the administration's latest effort to forgive student loan debt, proposed following a Supreme Court […]

Student Loan Borrowers Bailed Out By Biden Now Piling Up Mounds Of Other Debt

Student loan borrowers who benefited from President Joe Biden's loan forgiveness continue to find themselves under financial strain as their debt continues to pile up, according to a Wall Street Journal report in its Saturday edition and a July survey. Biden, who made student loan forgiveness a key campaign promise in 2020, has continued to […]

How to Choose the Right Loan: A Comprehensive Guide

The loan market is very competitive, so choosing the right product for you can be quite a challenge. So how do you choose the right loan and what loans are available? This article will explain this and much more. The importance of making informed lending decisions Taking a loan is a big responsibility and it […]

Millions Of Americans Haven’t Forked Over A Single Cent Toward Their Student Loan Debts

According to the New York Times, nearly half of student loan borrowers have not made payments since billing resumed last year. Student loan repayments were suspended for three years during the pandemic, allowing borrowers to defer payments until billing resumes in 2023. according to Nearly 19 million borrowers had not made their monthly payments as […]

Obama-Appointed Judges Strike Down Parts Of Biden’s Student Loan Repayment Plan

A federal judge appointed by President Obama on Monday blocked parts of the Biden administration's Savings for Valuable Education (SAVE) plan in response to a lawsuit brought by Republican states. Judges John A. Ross of Missouri and Daniel Crabtree of Kansas blocked parts of the government's SAVE Act. planIt was an income-contingent repayment program that […]

Alabama Senate advances Birmingham Southern loan program solution

On Tuesday night, the Alabama Senate voted to approve a loan program for Birmingham Southern College, which is currently in financial crisis. Last year, the Alabama Legislature approved a similar measure under the appropriation authority of state Treasurer Young Boozer, who cited concerns that the school was unlikely to meet loan repayment requirements. SB31 is […]

State Sen. Waggoner introduces bill to sideline state treasurer on BSC loan dispute

A new bill that would remove State Treasurer Young Boozer from administering millions of dollars worth of loans to Birmingham Southern College was introduced in the Alabama General Assembly for consideration in the 2024 legislative session, which began last week. Ta. Last year, members of the Alabama House and Senate sponsored a bill authorizing a […]

LANE: Biden’s SAVE 2.0 Is Less About Loan Forgiveness, More About Saving Face

It's another Groundhog Day for the Biden administration, but the only shadow looming large is the latest failed attempt at student loan forgiveness. This is the second time in less than a year that President Biden has single-handedly canceled student loan payments for thousands of borrowers. Like the previous plan, which was ultimately ruled unconstitutional […]

House Republicans Threaten To Slap Biden’s Green Energy Loan Czar With Subpoena

House Republicans on Tuesday threatened to issue subpoenas to key Biden administration officials within the Department of Energy (DOE) as part of an ongoing investigation into the Biden administration's activities. Members of the House Energy and Commerce Committee wrote the following: letter On Tuesday, he criticized Jigar Shah, head of the Department of Energy's Loan […]