President Joe Biden’s student loan forgiveness plan is facing yet another lawsuit, this time by a small-business advocacy group calling for the “counterproductive, inflationary, and unfair action” to be blocked from going ahead. The Job Creators Network Foundation (JCNF) Legal Action Fund (LAF) filed the lawsuit in the District Court for the Northern District of Texas, Fort Worth Division,…
Another Lawsuit Filed Against Biden’s Student Debt Relief Plan Arguing Move Is ‘Inflationary’
October 11, 2022
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Student Debt Cancellation to Cost $379 Billion, Education Department Estimates
The U.S. Department of Education announced that it estimates the Biden administration’s program to cancel student debt to cost $379 billion, or about $30 billion a year over the next 10 years. The estimates are based on “highly uncertain assumptions about future economic conditions and participation rates,” the department noted. The Biden administration’s plan is set…
Arizona Sues Biden Admin Over Student Debt Cancellation Plan
The state of Arizona on Thursday filed a federal suit against the Biden administration challenging President Joe Biden’s move to cancel billions in student loan debt. The move comes shortly after six other Republican-led states—Nebraska, Missouri, Arkansas, Iowa, Kansas, and South Carolina—on the same day filed a federal suit against the Biden administration, also against the federal student…
6 States Sue Biden, Education Secretary Over Student Debt Cancellation
September 29, 2022
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Six states on Sept. 29 sued President Joe Biden and his education secretary, asserting that their bid to cancel thousands of dollars in student debt for millions of Americans is illegal. “It is the epitome of unlawful and arbitrary agency action, and it should be set aside,” officials with Nebraska and five other states said…
Biden Administration’s Student Debt Relief Order Is Illegal: Lawsuits
President Joe Biden’s administration has been hit with the first lawsuits against a recently unveiled order that would—unless blocked—cancel thousands of dollars in debt for millions of Americans. Biden, a Democrat, and Education Secretary Miguel Cardona, a Biden appointee, announced the order in August, revealing that people with student debt could receive up to $20,000…
Why Australia Should Not Follow Biden’s Footsteps and Cancel Student Debt
September 22, 2022
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A nanosecond after U.S. President Joe Biden announced the partial cancellation of American student loans, a collection of interest groups demanded the Australian government do the same. The government should not comply. Cancelling Australian student loans is unfair, unnecessary, and unlikely to influence the courses that students choose to study. Why Is It Unfair? Contrary…
Biden Admin Shares State-by-State Analysis of Student Debt Relief Plan
The Biden administration on Tuesday released a state-by-state estimate of how its student debt relief plan will impact borrowers in the 50 U.S. states, Washington, D.C., and Puerto Rico. According to a fact sheet from the White House, the administration expects that more than 40 million borrowers are eligible for its student debt relief plan. Of…
Student Debt Is Not the Problem. The Higher Education Cartel Is.
Commentary To the extent he thinks about it, Joe Biden is probably expecting to be canonized by millennials whose student-loan debt he’s paring down. Depending on how the question is asked, though, the move is not popular. In a Trafalgar Group poll released on Sept. 12, more than half of likely voters—55.6 percent—and 64.6 percent…
Each Taxpayer on Hook for $2,500 for Biden’s Student Loan Forgiveness Scheme: NTUF
September 5, 2022
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If President Joe Biden’s student debt cancellation scheme were to be implemented, it would cost every single American taxpayer in excess of $2,500, according to an estimate by the National Taxpayers Union Foundation (NTUF). Biden’s plan seeks to eliminate $10,000 worth of debt for each federal student debtholder. For borrowers who received federal Pell Grants,…
Rep. Ro Khanna Calls for Free Public Colleges Over Fears Student Debt Forgiveness Will See Tuition Fees Hiked
Democratic lawmaker Ro Khanna has called for public colleges to be made free due to concerns that President Joe Biden’s student loan debt cancellation program will prompt schools to hike up the prices of tuition. Rep. Khanna (D-Calif.) made the comments on Fox Business Network’s “Cavuto: Coast to Coast” on Aug. 30. While he voiced support for Biden’s…
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