Biden's New Student Loan Payment Plan Has Arrived. Here's What That Means.
Biden's new income-driven repayment plan is estimated to cost taxpayers $360 billion over the next decade.
Biden's new income-driven repayment plan is estimated to cost taxpayers $360 billion over the next decade.
The plan's supporters say it won't push costs onto taxpayers.
The federal budget deficit has exploded under Biden's watch, and he can no longer pretend otherwise.
The administration’s SAVE plan for student loan forgiveness is estimated to cost $475 billion.
The spate of forgiveness reconciles administrative errors when carrying out changes to income-driven repayment plans.
Biden wants to use the Higher Education Act of 1965 to forgive student loans. But that plan has major issues.
According to Gallup, those with a "great deal" or "quite a lot" of confidence in higher education has declined 21 points since 2015.
Biden plans to slash minimum monthly payments to just 5 percent of borrowers' income.
Topics covered include affirmative action, legacy preferences, the student loan forgiveness decision, refugee policy, indictments against Trump, Vladimir Putin, political ignorance, and more.
Plus: A listener question on the potential efficacy of congressional term limits.
Biden's proposed income-driven repayment plan could still cost taxpayers billions. And it will likely raise tuition too.
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The Court unanimously ruled the plaintiffs in that case lacked standing. But they might end up getting what they wanted more fully than anyone else involved in the legal battle over student loan forgiveness.
The article goes over the main reasons why the Court's decision was justified.
The administration will try this pathway as an alternative to the HEROES Act of 2003, which pathway was shut down by today's Supreme Court decision.
In today's student loan decision, Justice Barrett offers a textualist rationale for this controversial rule. I have made similar arguments myself.
The Court ruled the plan is illegal, and that at least one plaintiff (the state of Missouri) has standing.
Unlike Democrats, Senate and House Republicans have released proposals that would actually tackle the root causes of increasing student loan debt.
A new working paper finds that borrowers whose loan payments were paused actually had more debt at the end of 2021 than those whose loans were never paused.
If the debt ceiling bill passes, the Education Department will be barred from extending the student loan repayment pause yet again.
The former president reminds us that claiming unbridled executive power is a bipartisan tendency.
The lawsuit claims that the pause has cost taxpayers "$160 billion and counting."
Biden v. Nebraska has far-reaching implications for presidential power.
A new report purporting to show that Missouri's arguments for standing in Nebraska v. Biden are based on a lie fails to deliver.
Unlike the Education Department's estimates, a CBO analysis considers how the new rules will encourage more students to take out loans they won't be able to pay back.
The time and money spent on college can often be used more productively.
Is this what equity looks like?
How to—and how not to—help solve the college debt problem.
56 percent agreed that "people often graduate without specific job skills and with a large amount of debt to pay off."
While the population has grown, the number of college students has declined in the past decade.
Big corporations and entire industries constantly use their connections in Congress to get favors, no matter which party is in power.
"If I would have gone to college after school, I would be dead broke," one high school graduate told the A.P.
Politicians say they want to subsidize various industries, but they sabotage themselves by weighing the policies down with rules that have nothing to do with the plans.
The justices seem to be clearly leaning against the Biden Administration on the merits. The procedural issue of standing is a closer call, though ultimately more likely than not to come out the same way.
The Supreme Court considers the scope of presidential power in Biden v. Nebraska and Department of Education v. Brown.
Plus: Texas prosecutors can't criminally charge people who help others access out-of-state abortions, food trucks fight rules banning them in 96 percent of North Carolina city, and more...
"If it was an emergency, why wait three years to provide the forgiveness? Why present it in a political framework, as fulfilling a campaign promise?" said one higher education expert.
The article explains the broader issues at stake in these cases, and why the Court would do well to rule against the administration.
Legal scholar Michael Dorf claims Supreme Court should rule on this basis. But the doctrine doesn't apply to this case, and is dubious anyway.
Legislators will increasingly argue over how to spend a diminishing discretionary budget while overall spending simultaneously explodes.
A few thoughts on the states' brief and their amici
arguing against standing, even though the program is unlawful.
New changes to income-driven repayment plans announced Tuesday would essentially turn student loans into government grants.
Plus: The editors look back on what pieces of cultural media impacted them the most this year.
If political pressure to forgive debt can work once, why wouldn't it work again every five or 10 years?
As the Court agrees to take up yet another case against the Education Department's loan forgiveness plan, Biden's goal of forgiving billions in student loans seems increasingly doomed.