of what the U.S. spends on the Pentagon yearly — a cost that Republicans almost never complain about.
The calculation for what revenue student loans may provide for the government may also be overblown; afrom the Government Accountability Office found that, despite previous estimates, federal student loan borrowing actually costs the government billions of dollars, in part because many borrowers simply can’t afford to pay their loans back.
“Corrupt politicians are doing the student loan industry’s dirty work. A judge will quickly dispose of this sham lawsuit, but we won’t forget,” the Student Borrower Protection Centeron Thursday. “Banks and student lenders — especially MOHELA — want to profit by trapping families in debt. We will hold them accountable.”
“Republicans want to keep you in debt for the rest of your life and take away student debt cancellation,” on Thursday, in response to the lawsuit. “It is an interesting strategy to adopt before the midterms.”
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Six Republican-led states sue Biden administration over student loan debt reliefThe states argue that Biden’s plan is “not remotely tailored to address the effects of the pandemic on federal student loan borrowers,” as required by the 2003 federal law that the administration is using as legal justification. Of course, it was Republicans. They never said boo about billionaire tax breaks or PPP Loan forgivness. Heaven forbid we have an educated public. They'd rather outsource our professional jobs from other countries. This is just another political STUNT.
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Six States Sue to Block Biden Student Debt Cancellation PlanSix states sued the Biden administration on Thursday over its mass student debt cancellation plan, citing harms to state higher education lending programs and reduced tax revenues Really have nothing better to do, do they? Should be more. It is illegal. I am not sure why 50 states aren’t suing? The people like us who paid off our debt by scrimping and saving should also get this benefit, or no one should.
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Six GOP-led states suing Biden administration over student loan forgivenessSix GOP-led states are suing the Biden administration to try and halt its plan to forgive student loan debt. If Trump didn’t preside over $8 Trillion increase in the National Debt maybe they could get some respect and be listened to. GOP- “We want to squelch education bc if they actually understand what we’re doing, we’re cooked’”
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GOP States Sue Biden Administration Over Plan to Forgive Student LoansSix Republican-led states are suing the Biden administration to try and halt its plan to forgive student loan debt for millions of Americans. But the GOP was happy to give tax breaks to the wealthy. Sheesh Wow… I won’t benefit from this, but if that’s not a reason for those tens of millions to never vote for these republicans again, I’m not sure what is…
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