Rise to the Moment of Truth Monday, April 22, 2024

Tag: Student loan forgiveness

Britt Alabama News
U.S. Sen. Britt on SCOTUS decision: Biden administration's student loan debt transfer 'scheme' unfair, unjust and unlawful

Earlier this year, Britt joined several Republican lawmakers in authoring an amicus brief arguing against the forgiveness plan.

Student loan debt Alabama News
In-state tuition up 300-700% at Alabama public four-year colleges since 1990 as SCOTUS considers student loan forgiveness

As the U.S. Supreme Court (SCOTUS) hears a challenge to President Joe Biden’s plan to forgive up to $20,000 in student loan debt for millions of borrowers across the United States, some economists say easy-to-obtain student loans from the federal government may be the cause of the problem in the first place.

Joe Biden talks student loan forgiveness Alabama News
‘Like a bad preacher’: ACLL’s Matt Clark explains why Biden’s student loan forgiveness plan will likely be blocked by SCOTUS

Following oral arguments in Biden v. Nebraska before the Supreme Court of the United States (SCOTUS) this week, an Alabama attorney said it isn’t looking good for the Biden administration when it comes to allowing student loan forgiveness.

Randall Woodfin left and Steven Reed right Alabama News
Mayors Woodfin, Reed urge high court to approve student loan forgiveness — Claim opposition 'effort to score political points' at expense of people of color

Two Democrat mayors of Alabama cities co-authored an article in Times Magazine on Monday urging the Supreme Court to approve President Joe Biden’s plan to cancel up to $20,000 in student loan debt for billions of borrowers across the United States, which federal officials estimate would cost the country a total of $300 billion over the next 10 years.

Joe Biden talks student loan forgiveness Alabama News
Lawsuit filed against Biden administration's student loan forgiveness program

While some cheered the Biden administration's plan to erase up to $20,000 of student loan debt per person, others questioned whether the president had such sweeping authority. That question may soon be answered now that a lawsuit has been filed in federal court.

education diploma Alabama News
Justin Bogie: Colleges and universities must increase the value of an education

The annual cost of a college education has increased by 182% in the past 40 years. But are college graduates getting more for their money?

Alabama money tax Alabama News
Biden’s student loan forgiveness tax-free In Alabama

Alabamians likely won’t owe any state taxes on the amount received from President Joe Biden’s student loan forgiveness plan announced last week. 

Piggybank Alabama News
Stephanie Holden Smith: Government isn’t God or a piggy bank

President Biden is attempting to unilaterally erase $10,000 in federal student loan debt for individuals with incomes below $125,000 and households that earn less than $250,000 annually. His executive order (some would say fiat) was signed under the auspicious umbrella of the (length yet to be determined) national COVID emergency.

Phil williams Alabama News
Phil Williams: Student loans, Skittles and delayed gratification

The other night Charlene and I had the joy of going to dinner with our adult son, who was in town on business. It's such an amazing and truly wonderful thing to see your kids grown up and living good lives. I have many memories from his time growing up, but the events of the past week brought one particular story to the forefront.

Student loan debt Alabama News
Matt Clark: Forgiving student loans is bad policy and may be unconstitutional

Desperate to get a win before the midterms, President Biden announced Wednesday that he would be canceling $10,000 of student debt for people making less than $125,000 per year and $20,00 for Pell Grant recipients. This could cost between $440 billion-$600 billion.

student loan debt Alabama News
Rep. Scott Stadthagen: Our country will regret the Biden student loan 'forgiveness' program

Biden is sending the message to Americans that your word does not have to mean anything. Your signature on a legal loan document can be ignored and then “forgiven.” You don’t have to work hard and do without luxury items until your bills are paid anymore.