Results for: Student Loan Forgiveness

In response to the recent surge in anti-Israel protests at universities, Senator Tom Cotton has introduced legislation that would prevent individuals convicted of crimes during campus protests from receiving student loan forgiveness. The bill, titled The No Bailouts for Campus Criminals Act, is co-sponsored by 16 other Republican senators. Cotton’s measure has been prompted by the spread of anti-Israel and antisemitic protests across the country at universities, with some escalating into riots. In the last two weeks, anti-Israel protests have taken place at 47 of the nation’s top 50 universities.

The Biden administration announced the cancellation of over $6.1 billion in student debt for 317,000 former students of The Art Institutes, a defunct chain of for-profit schools. The relief stems from the schools’ deceptive practices regarding post-graduation employment rates, salaries, and career services. The Education Department found that the schools engaged in “pervasive and substantial” misrepresentations, leading to thousands of students enrolling under false pretenses. The forgiveness will be applied automatically to eligible borrowers who attended The Art Institutes between January 2004 and October 2017.

Borrowers with multiple student loans have until April 30 to apply for a loan consolidation. This move can accelerate debt forgiveness under the Biden administration’s temporary policy. By consolidating loans, borrowers can combine their multiple repayment timelines and potentially qualify for forgiveness quickly. Consolidating loans can also benefit borrowers who have been paying for over 20 years and may be eligible for complete debt cancellation. The process is straightforward and takes around 15 minutes to complete.

Protests in support of Hamas have spread across elite universities, including Columbia University. Protesters have erected tent cities, disrupted university operations, and harassed Jewish students. Universities, financially supported by taxpayers, have facilitated these demonstrations, while students spend minimal time studying and devote their efforts to political activism. President Biden’s proposed student loan forgiveness plan would further burden taxpayers while failing to address the underlying issues. The author argues that universities have become irresponsible and need to shift their focus back to educating students and preparing them for productive lives.

Arkansas Governor Sarah Huckabee Sanders has criticized the Biden administration’s student loan forgiveness program and other educational policies ahead of Education Secretary Miguel Cardona’s visit to Little Rock. In a letter to Cardona, Sanders and Arkansas Secretary of Education Jacob Olivia expressed concerns about the legality and fairness of the student loan forgiveness program and the mishandling of the Free Application for Federal Student Aid (FAFSA) program.