The White House budget blueprint is focused on infrastructure plans already on the table, which include cash payments for parents and universal pre-K.
Nationwide, borrowers saved $82.7 billion in interest payments from the student-loan freeze, but Upgraded Points found minimal impact on individuals.
Biden campaigned on canceling $10,000 in student debt per person and all loans for those who went to public colleges or HBCUs. Neither has happened.
President Joe Biden has thrown his support behind $10,000 in student loan forgiveness. But a quarter of Americans want it all forgiven.
Several key Democrats pushed back against Biden’s reluctance to cancel $US50,000 in student-loan debt per person. Warren, Schumer, and AOC called on Democrats to continue pressing the White House to take immediate action. “It’s time to act. We will keep fighting,” Schumer and Warren said. Visit the Business section of […]
Sens. Elizabeth Warren and Chuck Schumer argue Biden has the authority to forgive student debt - like his immediate predecessors Trump and Obama.
Sen. Elizabeth Warren on Thursday called on President-elect Joe Biden to cancel a large portion of student debt without Congress. “This is the single most effective executive action available for a massive economic stimulus,” she wrote in a tweet. Warren and Senate Minority Leader Chuck Schumer outlined a plan in […]
President-elect Joe Biden will inherit a struggling economy when he takes office in January. Republicans may maintain control of the Senate, depending on the outcome of two Senate runoff races in Georgia. Biden could provide student-debt relief, repurpose unspent federal relief funds, and raise the minimum wage for federal contractors […]
House Democrats are scaling back their efforts to provide student-debt relief, Politico first reported on Thursday. An amendment to their latest coronavirus bill would limit relief to people who were in dire financial straits before March 13, the day President Donald Trump declared a national emergency. The initial provision to […]