President Joe Biden reacted swiftly to the U.S. Supreme Court’s decision to invalidate his plan to forgive many student loans by announcing new measures to provide relief to borrowers. Biden made a televised statement on June 30, within hours of the court decision, promising to provide debt relief for some borrowers and a temporary measure…
Shopping Spree 101: How Refunds of Federal Loan Overpayments Leave Student Borrowers With Your Money to Burn
For many college students, one of the most exciting events in a new semester is not listed on their school’s calendar: Refund Day. Although the day differs on various campuses, the windfall result is the same: That’s when the millions of students currently taking out federal college loans find out how much of their approved…
Capitol Report (Sept. 30): Dr. Fauci’s Net Worth Increases $5 Million During Pandemic; Government Shutdown Avoided
The president tells Americans that storm Ian is a crisis not just for Florida, but for the whole country. What’s the latest federal response? A government shutdown is averted, but House Republicans put up a fight Friday against the temporary funding bill. OpenTheBooks.com has been digging into the details yet again. They say Dr. Anthony…
Capitol Report (Sept. 29): McConnell Says GOP Has 50–50 Chance To Win Senate; DHS: Large Number of War Criminals Living in US
President Joe Biden addresses the nation in response to Hurricane Ian. He says he’s focused on saving people’s lives and homes, not political differences with Florida Gov. Ron DeSantis. The Senate passed a short-term funding bill along with tens of billions in new emergency spending. Half of the Senate Republicans pushed back. Senate Minority Leader…
Capitol Report (Sept. 27): Inflation Persists as Government Spends; Concerns Resurface Over CCP Farmland Purchases
Lawmakers on Capitol Hill are rushing to get a government funding bill through both chambers of Congress—just three days away from risking a government shutdown. President Joe Biden’s plan to cancel federal student loans could cost over $400 billion, according to a report by the Congressional Budget Office. With the midterms just around the corner,…
Federal Student Loan Interest Rates Will Increase for the 2022-23 Academic Year
By Hanneh Bareham From Bankrate.com Federal student loan interest rates are set to rise for the 2022-23 academic year, following the U.S. Treasury Department’s 10-year note auction in May. The new rates will be 4.99 percent for undergraduate loans, 6.54 percent for graduate Direct Unsubsidized Loans, and 7.54 percent for PLUS loans. These rates will…
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