Trump Admin Gets Serious About Collecting Defaulted Student Loans After Borrowers Got A Pass Under Biden
The Ministry of Education (ED) announced Monday that it will begin an unwilling student loan collection effort after a five-year suspension. Senior department officials told the Daily Carener News Foundation that the aim is to remove burdens from taxpayers as unwilling collections were suspended during the March 2020 pandemic and not reopened under the Biden […]
Second federal judge issues order blocking White House freeze on grants and loans • Tennessee Lookout
WASHINGTON – A federal judge on Thursday blocked Trump administrations in certain states from implementing a trillion dollar freeze on grants and loan payments that they tried to enact in late January. Written by Supreme Court Justice John J. McConnell Jr. of the US District Court in Rhode Island. Interim injunction on page 45 The […]
Trump to rehouse student loans, other programs amid push to close Education Department • Tennessee Lookout
WASHINGTON – President Donald Trump said Friday that U.S. Small Business Administrators will handle the aging Education Department’s student loan portfolio, and that the Department of Health and Human Services will handle special education services and nutrition programs. An announcement posed countless logistics questions to carry out these permission transfers came the following day Trump […]
MSNBC Guest Really Concerned That Student Loans Can’t Be Forgiven If Education Department Closes
MSNBC panelists worried on Friday that the Trump administration’s decision to begin abolishing the Department of Education (ED) would make it impossible to allow student loans. President Donald Trump signed executives order She announced to Education Secretary Linda McMahon that she began closing her agency on Thursday, fulfilling her campaign promises, and on Friday student […]
Internal Watchdog Urges Biden’s Green Loans Office To Stop Working On New Loans Amid Conflict Of Interest Concerns
An internal federal watchdog agency ordered the Biden administration’s Green Loans Office to stop working on new deals, citing concerns that it was poorly managing potential conflicts of interest in its operations, an internal federal watchdog said in a letter Tuesday. I asked for it. Department of Energy (DOE) Inspector General Terry Donaldson I wrote […]
Biden-Harris Admin Has Forgiven Total Of $74 Billion In Student Loans Just For Gov’t Workers
The Biden-Harris administration boasted Thursday that $74 billion in student loans for government and public employees have been forgiven. The administration will use the Public Service Loan Forgiveness (PSLF) program to cancel an additional $4.5 billion in student debt, totaling more than 1 million teachers, firefighters, police officers, nurses, and other government workers since the […]
Trump Vows To Make Interest On Car Loans Tax Deductible During Speech In Blue Wall State
Former President Donald Trump promised to make interest on auto loans fully tax deductible in a speech at the Detroit Economic Club on Thursday. The former president announced plans to propose a policy that would make interest on auto loans fully tax deductible, with the goal of expanding domestic auto production and lowering the cost […]
Risks On Gov’t Loans Issued Next Fiscal Year Will Cost Taxpayers More Than $65 Billion, CBO Says
The Biden-Harris Administration's lending plan is expected to cost taxpayers more than $65 billion in lifetime costs for new loans and guarantees issued in fiscal year 2025, according to the Congressional Budget Office (CBO). Losses from government loans are nearly double the cost of risk, which was $36.5 billion. Estimation CBO data for fiscal year […]
Cash-Strapped California Inches Closer To Handing Taxpayer Home Loans To Illegal Migrants
California lawmakers are one step closer to making hundreds of millions of dollars in taxpayer-funded home loans available to residents living in the country illegally. Democrats on the California Senate Appropriations Committee unanimously approved moving AB1840 forward on Thursday. According to The official vote tally for the bill. The bill has one last chance to […]
