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 […]
Biden’s Student Loan Cancellation Dreams Are A Nightmare For Average Americans, Experts Say
President Joe Biden continues to push for student loan forgiveness for millions of borrowers, but his efforts are having a negative impact on already struggling Americans, experts tell Daily Caller・Told the News Foundation. Ministry of Education I forgave Added an additional $4.8 billion in student loan debt to 80,300 borrowers in December as part of […]
MARKEY: Americans Will Bail Out Universities Under Biden’s New Student Loan Plan
Growing up in central Michigan, my parents taught me the importance of earning your own money. When I was in elementary school, my parents were obsessed with Amway and kept some of their products in the basement of our house. When I realized that the food we were storing was the same as the food […]
Alexandria Ocasio-Cortez Slams Biden’s New Student Loan Plan
Democratic New York State Rep. Alexandria Ocasio-Cortez criticized the Biden administration’s new student loan debt plan in an interview Sunday. Ocasio-Cortez challenged the Biden administration’s plan not to report borrowers to credit agencies, Said Debt interest must be suspended during the 12-month “increase” period. (Related: Supreme Court Cancels Biden’s Student Loan Donation) It is very […]
Debt-Burdened Zambia Reaches Billion-Dollar Loan Restructuring Deal With China, Other Countries
The French government announced on Thursday that it had reached an agreement with China, of which Zambia is its biggest creditor, and other creditor countries for a $6.3 billion loan restructuring, according to the Associated Press (AP). The deal gave landlocked African countries concessions to facilitate debt repayments to China, to which Zambia owes $4.1 […]
