77 Percent of Young Voters Said Student Debt Relief Motivated Them to Vote

As President Joe Biden’s student debt cancellation plan is held up in court, new polling finds that student debt relief was a major driver of votes in this year’s midterm election — especially among young voters, who were crucial to delivering wins for Democrats in November. Among 1,500 midterm voters polled by the Student Borrower Protection Center and Seven Letter Insight after the general… Source Source / Read More: 77 Percent of Young Voters Said Student Debt Relief Motivated Them to Vote

Supreme Court Will Hear Arguments for Student Debt Cancellation in February

The Supreme Court has agreed to take up a case originally filed by Republican-led states to challenge President Joe Biden’s student debt cancellation plan in a case that will affect the bank accounts of tens of millions of people across the U.S. for years to come. The justices have fast-tracked the case and are slated to hear arguments in February. Until then, the cancellation plan will be on hold… Source Source / Read More: Supreme Court Will Hear Arguments for Student Debt Cancellation in February

Biden’s Student Debt Relief Program Is Now in the Hands of the Supreme Court

More than 40 million lower-income people burdened with student loans are still waiting for clarity about how much they will owe and when their next payments will be due, as the Supreme Court decides if it will rule on whether to allow President Joe Biden’s student debt relief program to proceed. The loan forgiveness program, which Biden announced in August, is under attack from six Republican-controlled states, which sued Biden, his secretary of education and the Department of Education on September 29 in an attempt to block the program. A federal district judge ruled against the GOP-led states, but the…

US Is Overcome With Debt and Death. Let’s Fight Inequality to Stop This Crisis.

When the Biden administration announced its debt relief plan in late August, the timing was fitting. According to the Hebrew calendar, this last year, which ended on September 25, was the Shemitah year, a year where debts are forgiven. In the Bible, canceling debt is just one among a set of jubilee laws, which includes freeing the enslaved, feeding the poor, paying fair wages, and conserving and protecting overworked land. As a biblical scholar and pastor, I am often struck by the moral logic that undergirds these laws. Indeed, many ancient societies understood jubilee to be not only a compassionate…

Warren: Student Debt Relief Lawsuit Shows GOP Prioritizes Profit Over People

Student debt forgiveness advocate Sen. Elizabeth Warren (D-Massachusetts) criticized Republicans on Monday for the party’s lawsuit to stop millions of debtors from receiving what they say is direly needed student loan forgiveness. Even if it fails, the lawsuit exposes the loyalties of the Republican Party, the senator said. “Republican officials are so angry about [President Joe Biden] helping working people that they’re suing to stop student debt cancellation,” Warren wrote on Twitter. “It won’t work, but it shows their priorities: putting the profits of corporate loan servicers over relief for working-class & middle-class Americans.” On Thursday, six Republican-led states filed…

Activists Condemn GOP States’ “Sham” Lawsuit Over Student Debt Forgiveness

Six Republican-led states filed a lawsuit on Thursday aiming to stop tens of millions of student loan borrowers from receiving relief from President Joe Biden’s debt forgiveness plan in one of Republicans’ first legal challenges to the plan. Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina are suing the Education Department, saying that the plan is too broad and “inherently unfair.” The lawsuit, filed in a Missouri federal court, argues that the plan is not “tailored to address the effects of the pandemic” on borrowers. They argue that loan servicers would also be hurt by the plan, especially MOHELA, Missouri’s…

Sanders to Democrats: If You Support Progressive Policies, “You Win Elections”

On Tuesday, Sen. Bernie Sanders (I-Vermont) explained to Democrats that, if they want to win elections this fall and beyond, they must support and implement popular progressive policies like student debt cancellation and resist pressure from deep-pocketed donors to give sweeping tax breaks to corporations and the wealthy. In an interview with MSNBC’s Chris Hayes, Sanders said that Democratic candidates and lawmakers must position themselves firmly behind the working class and fight against corporate greed, rather than work to feed it. “If Democrats are going to do well in 2022, in my view, they’ve got to stand up very firmly…

Many Child Care Workers Are Blocked From Student Loan Forgiveness

Adrienne Briggs has $55,000 in student loans. Each month, she pays $150 toward the debt. Briggs runs a small child care center out of her home in Philadelphia, Pennsylvania, where she’s been caring for children for 30 years. “I am 62 years old and should be looking toward retirement,” Briggs said. But with loans to pay, she doesn’t think that will happen. She kept chipping away at the loans, even during the suspension of federal student loan payments intended to provide relief during the pandemic. But that extra effort barely brought the debt down. “I’ll probably have to work until…

2 Red States Are Taxing Student Debt Relief — But Didn’t Tax PPP Forgiveness

Officials in two states with Republican-dominated legislatures announced this week that they’re planning to tax relief that borrowers get from President Joe Biden’s student debt cancellation plan — even though the same states didn’t tax the billions of dollars of loan forgiveness given to corporations and business owners under the Paycheck Protection Program (PPP). North Carolina and Missisippi’s Departments of Revenue say they’ll consider debt forgiveness taxable income, potentially saddling borrowers with hundreds of dollars of more tax liability, cutting into the sharp relief that the program is set to provide. North Carolina officials say that the taxes will come…

46 Percent of Voters Are More Likely to Vote Thanks to Student Debt Relief Plan

President Joe Biden’s highly anticipated move to cancel student debt for tens of millions of borrowers is widely popular and will help to motivate a large swath of voters to cast a ballot this fall, new polling finds. Voters across the ideological spectrum say they’re more likely to vote in this year’s midterm elections due to Biden’s student debt plan. Forty-six percent of likely voters surveyed by Data for Progress say they’re more likely to vote this fall, with 52 percent of Democrats, 38 percent of independents and 49 percent of Republicans saying as such. People with outstanding student loans…

Biden’s Rating Hits Highest Point in Months After Student Debt Plan Announcement

President Joe Biden’s job approval hit its highest point in months in the days immediately following the announcement that his administration is fulfilling a campaign promise to cancel student debt, new polling shows. CBS/YouGov polling released on Sunday shows that Biden’s job rating among registered voters is now at 45 percent, up from 42 percent in July. Overall, 20 percent of respondents said they “strongly approve” of Biden’s performance, while 25 percent said they “somewhat approve.” The poll was taken between August 24 and 26. Biden announced the plan midday on the 24th, meaning that some respondents may have answered…

Mitch McConnell’s Condemnation of Debt Relief Is Dripping With Hypocrisy

Often in this society, when a scam is exposed, one must peel it layer by layer like an onion to reveal the stinky green, tear-inducing nubbin at the core. This week’s lesson in “How We Get Screwed Everywhere We Turn” finds us confronting the sticky wicket of student loan debt, and the problem some people have with the idea that other people might get something that helps them. This is the deal as I have always been given to understand it: If you can, you excel at school. You nail the grades and the extracurriculars, assembling a dossier of achievement…