President Joe Biden is announcing a federal bailout of student loans at a cost of $10,000 per borrower, amounting to at least $300 billion in the first year — vindicating warnings that President Barack Obama and Democrats ignored in 2009 and 2010.
Debt forgiveness is not free.
While some student loan borrowers would benefit, others who paid their loans — or chose not to go to college — would get the shaft, and inflation will continue to rise.
On Tuesday’s broadcast of “CNN Newsroom,” Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget Marc Goldwein stated that making people start paying back their student loans is “One of the easiest” ways to control
On Tuesday’s broadcast of “CNN Newsroom,” Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget Marc Goldwein stated that canceling student loan debt and extending the pause on loan payments will wipe out any deficit
On Tuesday’s broadcast of the Fox News Channel’s “Special Report,” Senate Appropriations Committee Chairman Sen. Patrick Leahy (D-VT) said that he worries student loan forgiveness would “say to colleges, charge whatever you want, we’re going to forgive the loan.” And
On Tuesday’s broadcast of the Fox News Channel’s “Special Report,” Senate Appropriations Committee Chairman Sen. Patrick Leahy (D-VT) stated that he’s already hearing from people who paid off their student loans or didn’t go to college wondering why we should
Monday, during an interview with Fox News, Sen. Tom Cotton (R-AR) accused the Biden White House of violating ethics guidelines by having several aides with $10,000 or more in student loan debt working on potential student loan debt forgiveness policies.
On Friday’s “PBS NewsHour,” Senior Vice President and Senior Policy Director at the Committee for a Responsible Federal Budget Marc Goldwein argued that, even with some income caps, student loan forgiveness would mostly benefit graduate students in higher income brackets,
On Friday’s “PBS NewsHour,” Senior Vice President and Senior Policy Director at the Committee for a Responsible Federal Budget Marc Goldwein stated that student loan forgiveness would “add probably half a point to the inflation rate.” And ultimately, student loan
On Friday’s broadcast of ABC’s “The View,” Sen. Elizabeth Warren (D-MA) responded to a question on what she would say to people who worked to pay off their student loans who feel it would be unfair if other people will
On Friday’s broadcast of HBO’s “Real Time,” Democratic strategist and CNN Contributor Paul Begala criticized proposals for President Joe Biden to forgive student loan debt by stating that “Democrats have gone from being the party of the factory floor to
On Friday’s broadcast of HBO’s “Real Time,” host Bill Maher argued that forgiving student loans and saying that those “who didn’t go to college and didn’t benefit from that are going to subsidize you to get your degree in gender
On Saturday’s “Fox News Live,” Rep. Josh Gottheimer (D-NJ) argued that “we can’t afford a proposal that would forgive everyone’s college debt,” and that “given the state of the economy, it’s just not a possibility.” He also argued that the
On Friday’s broadcast of the Fox Business Network’s “Varney & Co.,” Rep. Michael Waltz (R-FL) stated that forgiving student loan debt is simply “pouring more federal dollars” “onto this higher education industrial complex” to buy votes. Waltz said, “It is
On Thursday’s broadcast of the Fox News Channel’s “America’s Newsroom,” Sen. Tom Cotton (R-AR) stated that student loan forgiveness would “contribute to more inflation, which means economic growth will face even more headwinds,” and that if anyone should help with
On Monday’s broadcast of MSNBC’s “MTP Daily,” Rep. Ro Khanna (D-CA) argued that forgiving student loans would not have an inflationary impact because the loans aren’t being paid back right now anyway, and that if there is an inflationary impact
The Biden administration has once again used coronavirus emergency powers to extend a pause on student loan repayment, capitulating to his left flank and costing taxpayers billions of dollars.
President Joe Biden will reportedly extend the 90-day student loan repayment pause past May 1 under significant pressure from radical Democrats.
After the Build Back Better plan imploded, President Joe Biden may throw progressives a bone by extending the freeze on student loans.
Rashida Tlaib (D-Entitled) is in the top ten percent of income earners and still wants taxpayers to pay off her student loans.
President Joe Biden will reportedly ditch student loan forgiveness from the budget this week, breaking a campaign promise to far-left Democrats.
Rep. Alexandria Ocasio-Cortez (D-NY) expressed a sense of urgency for the Biden administration to address student loan debt in a significant way by forgiving more than $10,000 per student after President Joe Biden’s failure during Tuesday’s CNN town hall to commit to doing so.
The Senate Judiciary advanced Trump’s judicial nominee Steven Menashi despite an attempt by the New York Times to kill his nomination.
A Manhattan Institute report states most millennials are not “drowning” in student debt; 66 percent of them have none at all.
Progressives who would have even more federal tax dollars spent on education are condemning President Donald Trump’s proposed 2018 education budget, which cuts $9.2 billion from the U.S. Department of Education – a 13.6 percent reduction from last year.
Half of college students believe their student loans will be forgiven after graduation, according to a recent poll.
WikiLeaks emails revealing remarks from a paid speech Hillary Clinton gave in July of 2014 show the now-Democrat presidential nominee referring to the Common Core standards as simply a “political failure” by a “bipartisan group of governors” who neglected to have a plan for “explaining it and selling it to people.”
“I would love to see the Clinton administration come and make college free for students coming from families earning less than $125,000,” Cal Professor Nicholas Dirks says. “But I don’t think it’s going to happen.”
Using data from the Bureau of Labor Statistics’ American Time Use Survey from 2003-2014, the researchers found that, on average, the demands of full-time enrollment in college are substantially less than those for either high school or full-time employment.
