President Biden, canceling billions of dollars more in student loan debt– for former students of a school that closed down. The hottest zip codes for homebuyers in America; which one topped the list? Plus, some homebuying tips from realtor.com. Chinese tech giant Tencent is quietly buying shares of the world’s largest game developers. What influence will…
Biden Cancels $3.9B in Student Loan Debt; Housing Mkt: Hottest ZIP Codes Revealed | NTD Business
Biden Administration Extends Attack on the Free Market in New Rules on Student Debt
August 15, 2022
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Commentary Instead of addressing the college debt crisis, the Biden administration has proposed new rules designed to punish for-profit colleges and stick taxpayers with billions of dollars in debt forgiveness. Taxpayers deserve accountability from the Department of Education, not carrots and sticks that interfere with a free marketplace for higher education. The rules, proposed last month, do…
Whoops! Department of Education Makes $300 Billion Accounting Mistake on Student Loans
August 2, 2022
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Commentary What’s $300 billion between friends? A new report from the Government Accountability Office details a breathtaking discrepancy between what the federal government claimed the student loan program would generate, and what it actually costs taxpayers. As GAO explains: “Although the Department of Education originally estimated federal Direct Loans made in the last 25 years…
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…
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