Tag: student loan

Biden Student Loan Forgiveness to Cost Roughly $500 Billion: Committee for a Responsible Federal Budget

August 25, 2022
economyEducation & Family NewsExecutive BranchJoe BidenPoliticsstudent loanUSUS News
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President Joe Biden’s plan to forgive thousands of dollars in student debt for millions of Americans and adjust repayment for others will cost roughly $500 billion, according to a nonprofit that analyzes such plans. Biden says he will cancel up to $10,000 of student debt owed to the federal government for households earning less than…

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Biden’s Student Debt Forgiveness to Benefit White House Staffers: Watchdog

August 25, 2022
Business & Marketseconomic policieseconomyinflationJoe Bidenpersonal financePolicies & ImpactsRegional-Local Newsstudent loanUSUS NewsWhite House
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A watchdog group claims President Joe Biden’s newly announced student loan forgiveness scheme stands to benefit a number of Biden appointees who qualify for the debt wipeout scheme that Republicans have panned as “wildly unfair redistribution.” Taxpayers will absorb up to $10,000 in outstanding student debt for borrowers earning less than $125,000 per year under…

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‘Astonishingly Unfair’: McConnell Bashes Biden’s Student Loan Relief, Calling It ‘Socialism’

August 24, 2022
DemocratseconomyEducation & Family NewsinflationPolicies & ImpactsPoliticsRepublicansSenate Majority Leader Mitch McConnellstudent loanUSUS News
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Senate Minority Leader Mitch McConnell (R-Ky.) said President Joe Biden’s newly announced student loan forgiveness would drive up “wildly unfair redistribution” of wealth, benefitting only higher-earning elites of the country. “President Biden’s student loan socialism is a slap in the face to every family who sacrificed to save for college, every graduate who paid their…

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‘Astonishingly Unfair’: McConnell Calls Biden’s Student Loan Relief ‘Socialism’

August 24, 2022
DemocratseconomyEducation & Family NewsinflationPolicies & ImpactsPoliticsRepublicansSenate Majority Leader Mitch McConnellstudent loanUSUS News
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Senate Minority Leader Mitch McConnell (R-Ky.) said President Joe Biden’s newly announced student loan forgiveness would drive up “wildly unfair redistribution” of wealth, benefitting only higher-earning elites of the country. “President Biden’s student loan socialism is a slap in the face to every family who sacrificed to save for college, every graduate who paid their…

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Democrats ‘Grasping at Straws’ for Votes by Canceling Student Loan Debt: GOP Lawmaker

August 24, 2022
DemocratseconomyEducation & Family NewsExecutive BranchPolicies & ImpactsPoliticsSocial Issuesstudent loanstudent loan debtUSUS News
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Canceling student loan debt is the latest bid by Democrats to win votes and prevent the House chamber from flipping red this fall, according to Rep. Virginia Foxx (R-N.Y.). “Delaying this until now, pretty close to the election, is certainly a political ploy,” the congresswoman told Capitol Report, a program on The Epoch Times’ sister…

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Biden Admin to Cancel $10,000 of Student Loan Debt for Millions, Despite Inflation Concerns

August 24, 2022
DemocratseconomyEducation & Family NewsExecutive BranchJoe BidenMiguel CardonaPoliticsstudent loanUSUS News
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The Biden administration announced Wednesday that it will spend hundreds of billions of dollars to pay off at least $10,000 in federal student loan debt for each borrower, despite widespread worries that the move will worsen the inflation crisis. Individuals earning less than $125,000 a year or families earning less than $250,000 will be eligible…

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Biden to Cancel $10,000 of Student Loan Debt for Millions, Amid Inflation Concerns

August 24, 2022
DemocratseconomyEducation & Family NewsExecutive BranchJoe BidenMiguel CardonaPoliticsstudent loanUSUS News
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President Joe Biden said on Aug. 24 that his administration will spend hundreds of billions of dollars to pay off $10,000 in federal student loan debt for some borrowers, amid widespread concern that the move will worsen the inflation crisis. Individuals earning less than $125,000 a year or families earning less than $250,000 will be…

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Deadline Approaching for Californian Public Service Workers Eligible for Student Loan Forgiveness

August 15, 2022
Education & Family NewsLocal NewsNorthern CaliforniaPublic Service Loan ForgivenessRegional NewsRegional-Local NewsSouthern Californiastudent loanUS
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Eligible public service workers in California have until Oct. 31, 2022, to apply for federal student loan forgiveness. Nearly 1 million Californians can take advantage of this debt relief, but only 10,000 have been approved so far, according to state Attorney General Rob Bonta. In a press release, Bonta reminded Californians to take the opportunity…

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Deadline Approaching for California Public Service Workers Eligible for Student Loan Forgiveness

August 15, 2022
Education & Family NewsLocal NewsNorthern CaliforniaPublic Service Loan ForgivenessRegional NewsRegional-Local NewsSouthern Californiastudent loanUS
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Eligible public service workers in California have until Oct. 31, 2022, to apply for federal student loan forgiveness. Nearly 1 million Californians can take advantage of this debt relief, but only 10,000 have been approved so far, according to state Attorney General Rob Bonta. In a press release, Bonta reminded Californians to take the opportunity…

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New Survey Shows Student Loans Have Delayed Wealth-Building for Gen Z and Millennial Borrowers

July 8, 2022
BrightbudgetingDebt Managementgen zpersonal financestudent loanstudent loan debt
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By Hanneh Bareham From Bankrate.com Roughly 60 percent of U.S. adults who have held student loan debt have put off making important financial decisions due to that debt, according to a new Bankrate survey. For Gen Z and millennial borrowers alone, that number rises to 70 percent. Student loans have prevented these borrowers from saving…

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