Student Loan Debt

President Donald Trump’s Department of Education (ED) launched a new tool on Monday aimed at informing students about their post-graduation earning potential before they take on student loan debt.

The Trump administration reached an agreement with the American Federation of Teachers (AFT) on Friday to reinstate student loan forgiveness plans after partially blocking them during litigation.

McMahon said on Friday, “There’s absolutely no reason, as far as I can determine, that there should be student loans housed in the Department of Education.”

Departing President Joe Biden’s administration is nothing if not busy as desks are cleaned out and preparations for final departure made. On Friday it announced federal student loans for another 55,000 workers will be canceled through an existing program known as Public Service Loan Forgiveness.

Rep. Randy Weber (R-TX) does not believe that President Joe Biden has the legal authority to erase student debt, concluding that he is “buying votes,” making the remark during an appearance on Breitbart News Daily on Thursday.

President Joe Biden revealed that his administration will be canceling more than $7 billion in student debt for 160,000 people.

President Joe Biden will announce Monday that student debt held by ten million Americans will transfer to taxpayers, White House officials told reporters Monday.

The Biden administration is attempting to tackle student loan debt once more, months after the Supreme Court nixed the administration’s controversial $430 student loan debt transfer.

Disney’s “She-Hulk” star Mark Ruffalo is pleading with his followers to “organize the vote” after the U.S. Supreme Court overturning affirmative action in college admissions, and in a separate ruling, struck down President Joe Biden’s student loan forgiveness plan, ending a $430 billion debt write-off that critics said had been a midterm election gimmick Biden knew was unconstitutional.

The Supreme Court just gave a boost to the Federal Reserve’s efforts to tame inflation.

Ortiz writes the Supreme Court striking down Biden’s scheme to transfer student loan debt to taxpayers means it’s time for Congress to hold colleges accountable for skyrocketing tuition costs.

Missouri Sen. Eric Schmitt (R-MO), former attorney general of the state, celebrated the conservative Supreme Court victory after the Supreme Court formally knocked down the Biden administration’s student loan debt transfer plan, touting that their lawsuit successfully saved taxpayers a “half trillion dollars.”

Job Creators Network president and CEO Alfredo Ortiz released a statement this week backing a fresh round of Congressional resolutions condemning the Biden administration’s student loan and emissions rules.

The Education Department is “preparing to restart” federal student loan debt payments after a three-year pause during the pandemic.

All U.S. consumers are financially worse off now than last year with growing personal debt following President Joe Biden’s inflation, a Morning Consult’s State of Consumer Banking and Payments report revealed Tuesday. 

A majority of Americans believe college is “Not worth the cost because people often graduate without specific job skills and with a large amount of debt to pay off,” a Wall Street Journal-NORC poll found.

Five former Secretaries of Education have joined the Job Creators Network Foundation Legal Action Fund’s Supreme Court challenge to President Joe Biden’s student loan forgiveness program.

President Joe Biden’s administration announced on Tuesday that the pause on student loan payments will be extended until “no later than June 30, 2023,” while the legality of Biden’s attempted debt transfer is determined by federal courts. 

Wednesday, the anchors of CNBC’s “Money Minute,” a segment on “NBC Now” streaming news platform, discussed a recent survey from Intelligent.com. that found 73% of President Biden’s student debt forgiveness anticipated recipients say they will spend the extra income on non-essential items including dining out and travel.

Job Creators Network Foundation president Elaine Parker said Monday on Fox Business Network’s “Cavuto: Coast to Coast” that they have a very strong legal case to block President Joe Biden’s student debt forgiveness program.

President Joe Biden falsely said he passed his much-ballyhooed student loan bailout package by a “vote or two” even though Congress has not yet voted on it.

Elaine Parker, President of Job Creators Network Foundation, has called the Joe Biden administration’s student loan bailout “an unprecedented executive power grab,” and the organization’s legal action fund has filed a lawsuit in the District Court for the Northern District of Texas, Fort Worth Division, intended to stop it.

Voters say they are less likely to vote for a candidate who supports President Joe Biden’s plan to cancel a chunk of student loan debt to qualifying individuals, a Convention of States Action/Trafalgar Group survey released this week found.

Twenty-two Republican governors, led by Iowa Gov. Kim Reynolds, issued a letter slamming President Joe Biden’s student loan “forgiveness” scheme, which would cancel up to $20,000 in student loans and cost taxpayers an average of more than $2,500 per year, according to the National Taxpayers Union Foundation.

Stacey Abrams, the Democrat gubernatorial candidate challenging Gov. Brian Kemp (R) in Georgia, insulted Americans who are opposed to President Biden’s student loan debt bailout, asserting that they are being rude.

Half of Americans agree that President Biden’s plan to forgive student loan debt is not fair to those who did not attend college, a poll from The Economist/YouGov found.

Voters are split on President Biden’s sweeping plan to cancel $10,000 to $20,000 of student loan debt per qualified borrower, a Politico/Morning Consult survey released Wednesday found.

Appearing Tuesday on the Fox Business Network, former Trump Secretary of Education Betsy DeVos criticized President Joe Biden’s student loan forgiveness action. 

Rep. Alexandria Ocasio-Cortez (D-NY) over the weekend defended the Biden administration’s plan to cancel a portion of student loan debt, suggesting that those who oppose it are selfish and contending that it is time for people to “reject the scarcity mindset that says doing something good for someone else comes at the cost of something or ourselves.”

According to an analysis from the Committee for a Responsible Federal Budget, President Biden’s debt cancellation plan will cost between “$440 billion and $600 billion over the next ten years.”

The debate over the Biden administration’s student loan scheme has somehow become even stupider as the week has worn on.

Trump characterized Biden’s student loan program as a “money grab” that forces Americans to bail out “college administrators.”

Democratic National Committee adviser Cedric Richmond argued Thursday on MSNBC’s “Andrea Mitchell Reports” that President Joe Biden canceling student debt was about “bringing this country together.”

Universities should foot the bill for student loan relief — not U.S. taxpayers — Florida Gov. Ron DeSantis (R) said Thursday after President Joe Biden’s announcement that he plans to cancel up to $20,000 in student loan debt for qualifying individuals.

Laxalt rebuked Biden for his multi-billion student debt bailout plan and blamed his Democrat opponent for enabling Biden’s agenda.

A clip has resurfaced from 2020 of Sen. Elizabeth Warren (D-MA) telling a father who paid off his daughter’s student loans that he would not get his money back under her loan forgiveness program.