Virginia Student Loan Holders Wait as Biden Relief Plan Stuck in Courts

As President Joe Biden’s student debt relief plan remains tied up in the courts, many Virginia student loan holders are still unsure whether they will have some of their debt forgiven.

About 12.5 percent of Virginians, which is more than 1.08 million people, owe some money on student loans. The average amount of debt per borrower is the fourth highest in the country at more than $39,000 per person, according to the Education Data Initiative. More than 85 percent of borrowers currently owe more than $5,000 in loans and the total amount of money owed on student loans in the commonwealth is about $42.4 billion.

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Ohio Bill Would Help Rural Lawyers Repay Student Loans

The Ohio House of Representatives wants to spend $3 million the next two fiscal years to help rural lawyers pay off their student loans.

The Rural Practice Incentive Program, passed by the House, would reduce the student loan debt on prosecutors and public defenders in most rural Ohio communities. The $3 million, according to the Ohio Legislative Commission, would be set aside for the first two years, and the overall cost would be determined by the number of participants in the program.

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Virginians Set to Get Student Loan Forgiveness, but Analysts Say the Policy Could Have Consequences

About 12.5% of Virginia residents owe some amount of student debt that could be reduced through President Joe Biden’s student loan forgiveness plan, but some scholars are warning that the plan could have some negative consequences.

More than 1.08 million residents in the commonwealth owe money on their student loans and the average amount of debt per borrower is one of the highest in the country. According to the Education Data Initiative, the average borrower owes more than $39,000, which is the fourth highest rate in the country. In total, Virginians owe about $42.4 billion in student debt.

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Ryan to Appear with Biden in Ohio Despite President’s Low Approval Rating

U.S. Representative Tim Ryan (D-OH-13), a candidate for U.S. Senate in Ohio, said this weekend that he will make a public appearance alongside President Joe Biden despite the latter’s abysmal approval rating in the Buckeye State.

A July survey from Morning Consult indicated Biden suffered from a -23-point net approval rating in Ohio. Ryan is himself struggling to win sufficient favor with Ohioans in his race against Republican attorney, venture capitalist and author J.D. Vance who maintains a 3.7-point average polling lead against the Democrat according to RealClearPolitics.com. 

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Commentary: Student Loan ‘Forgiveness’ Is Another Slight to Blue-Collar Workers

The Biden administration has announced that the federal government will enact a $10,000 per borrower student loan bailout for those with annual incomes as high as $125,000 (or $250,000 for households). This legally dubious action represents an upward redistribution of wealth from hard-working taxpayers toward the higher-income minority of Americans who have a college degree, all the while doing nothing to solve the ongoing challenge of rising college costs.

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Ohio Senate Candidates Slam Biden’s Handout to Student Debtors

Both U.S. Senate candidates from Ohio criticized President Joe Biden for forgiving $300 billion in student-loan debt, with Republican J.D. Vance issuing a particularly scathing rebuke for what he called “an elite giveaway on the backs of American workers.”

“Today, in the midst of a historic inflation crisis, Joe Biden supplied a $300 billion giveaway to college graduates – paid for by single moms in the form of higher food prices, by trade workers in the form of higher taxes, and by the next generation of students in the form of higher tuition,” the attorney, venture capitalist and author said in a statement. 

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Georgia Congressman Introduces Bill to Prevent Biden Admin from Canceling Student Loan Debt

A Georgia congressmen has introduced a bill that would prohibit the President Joe Biden’s administration from cancelling student debt, a caused championed by the progressive left. 

“Hardworking Americans are not responsible for paying off the student loan debt of others,” said Rep. Drew Ferguson (R-GA-03) in a press release. “The Biden Administration’s radical big government proposal would come at the expense of taxpayers – many of whom have fully paid off their student loans, worked hard to pay for their education, or chose not to enroll in college at all.”

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Tennessee U.S. Representative Scott DesJarlais Introduces Bill Aimed at Blocking Biden Student Loan Forgiveness

Tennessee U.S. Representative Scott DesJarlais (R-TN-04) is set to introduce legislation that aims to block the Biden administration’s student loan forgiveness plan.

DesJarlais went on Fox Business to discuss the bill that he intends to introduce.

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Commentary: Federal Student Loans Create College Rankings Scandals

A whistleblower lawsuit filed last month alleges that Rutgers University’s business school artificially boosted its rankings by using a temp agency to hire MBA graduates and place them into “sham positions at the university itself,” according to NJ.com, which first reported the news. Though shocking, the scandal is the natural result of the incentives the federal government has set up for schools through uncapped student loan subsidies for graduate programs.

Rutgers has denied the charges. But the allegations are credible when considering the source: the lawsuit was filed by Deidre White, the human resources manager at Rutgers’ business school. Days later, a separate class-action lawsuit was filed by one of Rutgers’ MBA students.

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Tennessee Attorney General Herb Slatery Announces Settlement with Student Loan Provider

Attorney General Herb Slatery

A bipartisan coalition of state attorney generals, including Tennessee’s Herb Slatery, announced a $1.8 billion settlement with Navient, a large, nationwide student loan provider.

The agreement will dispense millions to residents of the state that were negatively impacted by Navient’s lending practices.

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Minnesota U.S. Rep. Omar Demands Biden Cancel Student Debt

Minnesota Rep. Ilhan Omar (D-MN-05) wrote a letter to the Biden Administration demanding that they cancel student debt. Omar said that Biden could cancel student debt “with a flick of his pen.” The letter is asking that the Biden Administration “release the memo to determine the extent of the administration’s authority to broadly cancel student debt through administrative action.”

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Commentary: One Simple Change to Begin Reversing the Left’s Takeover

Take heart. The resurgence of a freedom-based conservatism has already begun. On the other side of the pandemic tyranny, the debacle in Afghanistan, and the catastrophic reckoning with inflation, Americans will be ready to be rid of the screechy pseudo-intellectuals who ruin everything. When that day comes, it’s critical we take steps to eliminate the Left’s toxic syndicate that indoctrinated so many Americans. It’s not enough to beat them back. We must look to the source of this poison that almost overtook our country.

There are so many problems that need to be unwound. Leftist authoritarianism has infected everything as indoctrinated graduates began assuming leadership roles in heretofore apolitical organizations from churches to school boards to the military. Instead of trying to fight the battle on every front, we should look first to stopping it at its source: Academics unmoored from market incentives.

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Biden Administration Plans to Cancel $5.8 Billion More in Student Loan Debt

Man on macbook working

The Department of Education announced Thursday that it will cancel student loan debt for over 300,000 borrowers with severe disabilities.

The program, set to erase over $5.8 billion in total debt, will begin in September and apply to over 323,000 borrowers classified as having a “total and permanent disability” by the Social Security Administration (SSA), the Education Department announced. Borrowers will now receive automatic discharges of their debt, whereas previously needed to fill out applications.

“Today’s action removes a major barrier that prevented far too many borrowers with disabilities from receiving the total and permanent disability discharges they are entitled to under the law,” Education Secretary Miguel Cardona said in the announcement.

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Commentary: American Armageddon

Americans are growing angrier by the day in a way different from prior sagebrush revolts such as the 1960s Silent Majority or Tea Party furor of over a decade ago.

The rage at the current status quo this time is not just fueled by conservatives. For the first time in their lives, all Americans of all classes and races are starting to fear a self-created apocalypse that threatens their families’ safety and the American way of life.

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Ilhan Omar Goes on Student Debt Rant After Biden Says He Won’t Cancel Loans

After a Tuesday evening town hall, president Joe Biden said he will not cancel up to $50,000 of student loans, prompting backlash from the progressive wing of his own party. 

“I will not make that happen,” Biden said when asked what he will do to cancel up to $50,000 in student loans. 

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Biden to Extend Student Loan Payment Freeze Until September 2021

President-elect Joe Biden will order the Department of Education to extend the student loan payment moratorium through September in one of his first presidential moves.

Joe Biden is set to sign the executive order on Wednesday following his inauguration, extending the current pause on student loan payments, which has been in effect since March, according to CBS News. The order is a fulfillment of Biden’s campaign promise to prioritize the U.S. student loan debt crisis.

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Rashida Tlaib Speaks at Democratic Socialists Event, Says Student Debt Tied to ‘Racial Discrimination’

Rep. Rashida Tlaib (D-MI-13) spoke this week at an event hosted by the Young Democratic Socialists of America at Wayne State University.

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Josh Hawley to Introduce Bill That Would Hold Universities Financially Liable for Defaulted Student Loans

by Andrew Kerr   Republican Sen. Josh Hawley of Missouri announced Tuesday he will introduce two pieces of legislation this week targeting institutions of higher education, one of which would put universities on the hook financially if its students are unable to repay their student loans. Americans hold nearly $1.5…

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Rep. Green Promotes Income Share Agreements Plan to Solve Student Debt Crisis

Mark Green

  U.S. Rep. Dr. Mark Green (R-TN-07) wrote an op-ed recently explaining how one of his bills would solve the student debt crisis. Green published the op-ed last Friday in The Daily Signal discussing his Kids to College Act, which is cosponsored by U.S. Rep. Vicente Gonzalez (D-TX-15). The op-ed…

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Commentary: Sen. Alexander’s Solution to the Student-Loan Crisis Misses the Point

by Chloe Anagnos   The debate surrounding the student-debt crisis in America continues to prompt both lawmakers and political commentators to discuss the matter as they search for a way to address the issue. But as expected, whenever policy solutions are debated, the fact that the crisis was manufactured by government…

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Federal Report Says Millennials Are Poorer Than Other Generations

by Ryan McMaken   One of the challenges in looking at income and wealth data is getting a sense of how different demographic groups are affected. It’s relatively easy to find median income and wealth data over time for the entire population, for example. But then problems of interpretation immediately…

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If Elected to Congress State Sen. Mark Green Would Propose Student Loan Payback Program With Employer Contribution Just Like 401Ks

Steve Gill, Mark Green

Steve Gill and 7th District Republican Congressional nominee State Senator Dr. Mark Green (R-Clarksville) sat down for an extensive interview about Green’s candidacy for Congress , and his position on a broad range of issues important to Tennesseans. The cost of higher education and skyrocketing student debt was among them…

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