student

If student loan forbearance comes to a screeching halt, we haven’t seen nothing yet.

Many of us have been wondering though if the economy has been propped up by credit card spending, and it seems we are getting the answer on that now. Same thing happened in 06 credit card delinquencies spiked while mortgage delinquency/foreclosures were relatively low.. https://fred.stlouisfed.org/seriesBeta/DRSFRMACBS https://fred.stlouisfed.org/seriesBeta/DRCCLACBS Bond Default Rates Surpass 2008 Crisis Levels   h/t …

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The F-1 Student Visa system is corrupt too… America is a country. Not a jobs program for the third world.

Funny you should ask, I’ve been investigating the fraud in the F-1 Student Visa system too. It’s just as big of a rabbit hole as the H-1B stuff and the two are very interconnected. Buckle up because this one is something. Here’s the game. Students from India fake their undergraduate degrees and just apply straight …

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Economic data keeps surprising to the downside!! 10 million Americans delinquent on student loans face credit score declines January 1.

Economic data keeps surprising to the downside!! Citi Surprise Index 👇 pic.twitter.com/DPdKUV0ji2 — James E. Thorne (@DrJStrategy) December 29, 2024 They are currently 10 million Americans who are delinquent on their student loans. On January 1, they are going to start seeing their credit scores deteriorate. Not a good outcome for consumer credit growth! pic.twitter.com/IjOZy4tos1 …

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Federal student loan borrowers in default may again face wage garnishments, collections.

Struggling student loan borrowers can see if they qualify for a deferment or forbearance, experts say. If you’re out of work, you can request an unemployment deferment with your servicer. If you’re dealing with another financial challenge, meanwhile, you may be eligible for an economic hardship deferment. Those who qualify for a hardship deferment include …

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Trump to Immediately Unwind Joe Biden’s Unconstitutional Student Loan Forgiveness Plan

https://twitter.com/AGAndrewBailey/status/1773402838430867693 President Trump will immediately unwind Joe Biden’s unconstitutional student loan forgiveness program, Politico reported. Last month a federal judge gave Joe Biden a win a few weeks before the election and said he can move forward with his student loan forgiveness plan. US District Judge in Georgia, Randall Hall, a George W. Bush appointee …

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30% of student loan borrowers have gone without food or medicine

A recent survey by the Consumer Financial Protection Bureau (CFPB) reveals the stark realities many federal student loan borrowers are facing. Between October 2023 and January 2024, 30% of borrowers reported going without essentials like food or medicine due to the financial strain of their monthly loan payments. This study surveyed over 3,000 borrowers, shedding …

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Chinese UMich student charged for casting illegal ballot; ballot remains counted by law.

A University of Michigan student from China faces criminal charges after allegedly casting a ballot illegally. According to Michigan’s Secretary of State Jocelyn Benson and Washtenaw County Prosecutor Eli Savit, the non-citizen student registered using his student ID and residency documents, falsely claiming U.S. citizenship to vote in Michigan. His ballot, cast at an early …

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Utah’s Admit Utah program guarantees college admission for every high school student

Although the offer of a guaranteed admissions program in Utah appears generous, a Heritage Foundation visiting fellow warns that it is just another way for schools to garner tuition dollars. The Utah System of Higher Education launched a guaranteed admissions initiative ensuring that every Utah high school student will be accepted into at least one …

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Student Loan Repayment Restarts Now: Are You Ready? with Paul Oster

from Kerry Lutz’s Financial Survival Network Kerry hosted a discussion with Paul Oster from BetterQualified.com, focusing on the implications of a 50 basis point cut and new student loan forbearance rules. Paul Oster noted that the rate cut would have minimal effects on consumers, recommending that borrowers maintain higher payments to expedite debt repayment. He provided strategies for managing …

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Student DEBT CRISIS ABOUT TO GET WORSE!

There are almost 7,000,000 people in United States with delinquent student loans right now that have been shielded from taking a hit on their credit score from not paying. But starting October 1, 2024 that’s all over with and taking a hit on your credit score at a time when interest rates are high can …

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The U.S. Supreme Court has struck down the Biden-Harris administration’s plan to use taxpayer funds to pay off student loans.

Just pandering for votes! pic.twitter.com/mrwPX09cPv — Donna Marie (@sabback) August 28, 2024 View post on imgur.com WASHINGTON — The Supreme Court on Wednesday rebuffed a Biden administration plea seeking to revive the latest plan to tackle federal student loan debt. The court in a brief order denied an emergency request filed by the administration seeking …

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Federal court blocks Biden’s SAVE student loan forgiveness plan, citing lack of Congressional authorization.

The Biden Administration’s SAVE student loan forgiveness program was struck with another massive legal blow on Friday when the Eighth Circuit Court of Appeals ruled to block its implementation. The three-Republican-appointee panel deemed the effort to allow borrowers enrolled in the Saving on a Valuable Education, or SAVE, program to restructure their loan payments as …

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New student loan bailouts for 25 million Americans. Massive giveaway.

President Biden says his administration is taking “another major step” in student debt handouts as the Department of Education will start emailing tens of millions of Americans informing them of potential options heading their way around the time of the presidential election. The Department of Education says “all borrowers with at least one outstanding federally …

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8th Circuit blocks Biden student loan bailout.

A U.S. appeals court filed an order on Thursday barring President Biden’s administration from providing student debt relief with its SAVE Plan. Why it matters: Although the order on an emergency motion is not a final ruling, all aspects of the SAVE Plan are now blocked while the court case continues, per the Court of Appeals for the Eighth Circuit. …

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Student Loan Borrowers Owe $1.6 Trillion. Half Aren’t Paying…

After an unprecedented three-year timeout on federal student loan payments because of the pandemic, millions of borrowers began repaying their debt when billing resumed late last year. But nearly as many have not. That reality, along with court decisions that regularly upend the rules, has complicated the government’s efforts to restart its system for collecting …

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With courts blocking Biden’s student loan plans to cancel debt, the Feds have paused payments and interest.

With courts blocking Biden's student loan plans to cancel debt, the Feds have paused payments and interest. pic.twitter.com/vp4TDT8qyf — Wall Street Mav (@WallStreetMav) July 2, 2024 In response to court rulings blocking key elements of the federal government’s new student loan repayment program, the Biden administration will be giving about 3 million borrowers a reprieve …

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Attorney General Of Missouri: The Court Has Granted Our Motion To BLOCK Joe Biden’s Illegal Student Loan Plan

https://twitter.com/AGAndrewBailey/status/1805357030888423743 Missouri Attorney General Andrew Bailey announced that the U.S. District Court for the Eastern District of Missouri granted his motion to block what he called President Biden’s latest illegal student loan handout scheme. Bailey said that Congress never gave Biden the authority to saddle working Americans with half-a-trillion dollars in other people’s debt and …

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Credit card and auto loan delinquencies rise; student loan defaults delayed till October.

Credit card and auto loan debt delinquencies are stacking upThe only reason student loan delinquencies are at the lows, is because they are not reported until October 1, 2024As far as mortgages are concerned most are already locked into 3% rates. Let us see what this looks like… pic.twitter.com/pYy52fSK5J — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) …

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Free Ride: Making Over $141K, Minneapolis Mayor Thanks Biden For Student Loan Forgiveness

If you weren’t already infuriated by Joe Biden’s exploitation of the federal student loan program as a means of buying votes and redistributing wealth, this should do the trick. On Wednesday, Minneapolis Mayor Melvin Carter — who earns makes takes $140,814 a year before benefits — rushed to Twitter to thank President Biden for erasing his remaining student debt, sharing a screen shot …

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Biden cancels $8B in student loans for 160,000 borrowers, total now $167B.

WASHINGTON (AP) — The Biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs. The Education Department announced the latest round of cancellation on Wednesday, saying it will erase $7.7 billion in federal student loans. With the latest action, the administration said it has canceled $167 billion in student …

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Any student debt forgiveness that happens today will largely go to the top half of society — at the expense of everyone else.

Last Tuesday, the U.S. Supreme Court heard oral arguments in two challenges to the Biden administration’s student debt cancellation plan, which would forgive federal student loans for 40 million Americans at a cost of $430 billion. The Court is considering whether the administration has the authority to cancel the debt and whether it followed the proper …

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Biden student loan bailouts now total $160 billion

The Biden-Harris Administration today announced the approval of more than $6.1 billion in automatic student loan relief to nearly 317,000 borrowers who enrolled at any Art Institute campus on or after Jan. 1, 2004, through Oct. 16, 2017. The U.S. Department of Education (Department) found that The Art Institutes and its parent company, Education Management …

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Biden cancels $6 billion in student loans for 317,000 Americans scammed by art school and brings total handouts to more than $160 billion before the 2024 election

Education Department found the school misled students about alumni success Used one-time student Serena Williams’ multi-million dollar salary to skew the average wage of graduates President Biden has wipe out debt for 4.6 million borrowers since taking office The Biden administration announced Wednesday it canceled $6 billion in student debt for borrowers who attended the …

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