Tag: student loan forgiveness

Griffin’s Citadel Leaving Chicago: Report; Biden Admin Cancels $6B in Student Loans | NTD Business

Illinois’s richest man is reportedly abandoning Chicago; Ken Griffin is moving the headquarters of his Citadel hedge fund to Florida. Why? The White House is canceling $6 billion in student loan debt for borrowers who claim they were defrauded by their college. Tesla factories in Texas and Berlin are losing billions of dollars, according to CEO Elon…


Student Loan Forgiveness Unlikely to Boost the Economy

By Don Lee From Los Angeles Times The Biden administration has been considering a plan to cancel at least $10,000 of federal student-loan debt. President Biden promised something of the sort during the 2020 presidential campaign. And with about 45 million current and former students carrying $1.76 trillion in debt, some sort of debt forgiveness is appealing both…


Biden Cancels $5.8B in Student Loans; Musk Office Ultimatum Faces Pushback in Germany | NTD Business

The Biden administration is canceling billions of dollars in student loans for over half a million students—the biggest student debt cancellation in U.S. history. Germany’s biggest trade union is pushing back against Elon Musk, saying it’ll support any worker who opposes Musk’s order to return to the office. Worker productivity falls as wages surge. What could it…


Canceling Student Loans Will Worsen Inflation, Hurt the Poor: Experts Warn

President Joe Biden is making a final decision on whether to fulfill his campaign pledge to cancel student loans at a politically precarious time. Biden wants to avoid alienating his young supporters ahead of the November elections, but he faces a tough choice as canceling student debt in the midst of high inflation might spark…


Canceling Student Loans Will Worsen Inflation, Hurt the Poor: Experts

President Joe Biden is making a final decision on whether to fulfill his campaign pledge to cancel student loans at a politically precarious time. Biden wants to avoid alienating his young supporters ahead of the November elections, but he faces a tough choice as canceling student debt in the midst of high inflation might spark…


Students Must Take Responsibility for Their Debt

Commentary Lending money is not, as they say, rocket science. According to the Federal Reserve Bank of St. Louis, in the last quarter of 2021, of the total of all outstanding business loans from all commercial banks, 1.08 percent were delinquent. Per the Federal Reserve Bank of New York, as of second quarter 2021, a…


Canceling Student Loan Debt Would Make College More Expensive

Commentary It might be the biggest giveaway in American history. President Joe Biden wants to cancel more than $1 trillion of outstanding student loan debt. Biden has already delayed for more than a year student loan repayment, and under his new rules, most delinquent and deadbeat borrowers would NEVER have to repay. What a deal…


Student Loan Forgiveness, What You Need to Know

After going to college or grad school for years, it is easy to understand why starting life with a tremendous student loan debt can be daunting and is undesirable. For some people, it can take years to pay, and student loan debt can make it difficult to get loans for other things. Obtaining student loan…


San Diego Community College District to Forgive $3.9 Million in Student Debt

SAN DIEGO—The San Diego Community College District is forgiving $3.9 million in student debt for more than 11,454 students at San Diego City, Mesa, and Miramar colleges using federal pandemic relief funds, it was announced Oct. 20. Students who were enrolled in spring through summer of this year will have all their outstanding tuition and…


Biden Gets Pushback From Progressives After Rejecting Proposal to Cancel Student Loan Debt

President Joe Biden got immediate pushback on Tuesday from progressives in his own party after he rejected a Democratic plan pushed by Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Elizabeth Warren (D-Mass.) to abolish student loan debt by up to $50,000 per borrower. “I will not make that happen,” he said of the $50,000 relief…