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