Tag: student loans

House Passes Bill to Repeal Biden’s Student Loan Repayment Plan

Pennsylvania Daily Star Staff

The House of Representatives on Thursday passed a bill that would repeal the student loan plan issued by the Biden administration after its original plan was ruled unlawful by the Supreme Court.

The Saving on a Valuable Education (SAVE) plan was issued by the Department of Education on July 10, less than two weeks after the Supreme Court struck down the administration’s plan to forgive $10,000 of student debt held by all borrowers making less than $125,000 a year. House Republicans, who have opposed all student debt forgiveness plans by the administration, passed a bill that would repeal the SAVE plan on Thursday, by a vote of 210 yeas to 189 nays.

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Vivek Ramaswamy Reacts to SCOTUS Ruling on Biden Administration’s Student Loan Forgiveness Program

Kaitlin Housler

GOP presidential candidate Vivek Ramaswamy released a video statement Friday after the U.S. Supreme Court struck down the Biden administration’s proposal to unilaterally cancel hundreds of billions in student loan debt.

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Commentary: Student Loan ‘Forgiveness’ Is Another Slight to Blue-Collar Workers

Pennsylvania Daily Star Staff

The Biden administration has announced that the federal government will enact a $10,000 per borrower student loan bailout for those with annual incomes as high as $125,000 (or $250,000 for households). This legally dubious action represents an upward redistribution of wealth from hard-working taxpayers toward the higher-income minority of Americans who have a college degree, all the while doing nothing to solve the ongoing challenge of rising college costs.

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Commentary: Federal Student Loans Create College Rankings Scandals

RealClearWire

A whistleblower lawsuit filed last month alleges that Rutgers University’s business school artificially boosted its rankings by using a temp agency to hire MBA graduates and place them into “sham positions at the university itself,” according to NJ.com, which first reported the news. Though shocking, the scandal is the natural result of the incentives the federal government has set up for schools through uncapped student loan subsidies for graduate programs.

Rutgers has denied the charges. But the allegations are credible when considering the source: the lawsuit was filed by Deidre White, the human resources manager at Rutgers’ business school. Days later, a separate class-action lawsuit was filed by one of Rutgers’ MBA students.

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