As the U.S. Supreme Court approaches a ruling on President Joe Biden’s proposal to forgive a portion of student loan debt, Gov. Gretchen Whitmer has instructed various state agencies to explore cost-cutting mechanisms for borrowers in Michigan.
In Michigan, about 566,000 applications from student loan borrowers were fully approved and their applications were sent to loan servicers for discharge prior to federal lawsuits and an injunction on providing the debt relief.
Under the proposed rule, undergraduate borrowers would only be required to pay 5% of their income toward their loans, which would be down from the 10% required under the current income-driven repayment plan. U.S. Education Secretary Miguel Cardona said in a statement that the proposed regulation will help create a faster pathway to federal loan forgiveness and help those borrowers avoid defaulting on their loans.
A federal appeals court on Friday temporarily blocked the Biden administration from carrying out its student debt forgiveness plan, until the court makes a determination on a request for an injunction brought by six Republican-led states, according to multiple media reports.
Ken Peterson, MAJ USA (Ret.), of Buchanan gives “kudos to President Biden, Congressional Democrats, and a few Congressional Republicans” for a variety of legislation passed in recent years.
Alek and Doug are joined by “My America” co-hosts Kim Moffat and Dan Moyle to discuss federal student loan debt forgiveness on the heels of President Joe Biden’s unveiling of a three-part plan “to address the burden of growing college costs,” and “to make the student loan system more manageable for working families.”
Police would be required to intervene if they see that excessive force is about to be used and schools would be prohibited from including the “1619 Project” in their curriculum under bills recently introduced in the Michigan Legislature. Those are just two of the bills members of the House and Senate introduced in May on topics ranging from police reforms to schools to guns.