{"id":1975833,"date":"2023-07-18T04:24:01","date_gmt":"2023-07-18T08:24:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-plans-more-student-loan-forgiveness-through-2024-election-desperate-hail-mary\/"},"modified":"2023-07-18T04:28:31","modified_gmt":"2023-07-18T08:28:31","slug":"biden-plans-more-student-loan-forgiveness-through-2024-election-desperate-hail-mary","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-plans-more-student-loan-forgiveness-through-2024-election-desperate-hail-mary\/","title":{"rendered":"Biden&#8217;s student loan forgiveness extends till 2024 election: A last-ditch effort."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-plans-more-student-loan-forgiveness-through-2024-election-desperate-hail-mary%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1975833&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>President Biden&#8217;s \u2063Latest Effort to Cancel \u2063Student\u200b Loans\u200b Signals Intent for 2024 Campaign<\/h2>\n<p>President Joe \u200bBiden&#8217;s\u200d latest effort to cancel \u200dstudent loans\u2062 through\u2063 an &#8220;adjustment&#8221; to an \u2063<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-build-back-better-free-preschool-forces-lgbtq-activist-curriculum-on-faith-groups\/\" title=\"Biden\u2019s Build Back Better \u2018Free\u2019 Preschool Forces LGBTQ Activist Curriculum on Faith Groups\">existing federal program<\/a> is a clear\u2064 indication that he plans to make this\u2064 issue a \u200dcentral focus\u200c of \u200chis\u2064 2024 presidential campaign.<\/p>\n<blockquote><p>\n \u2063 \u200d<\/p>\n<p>On Friday, the Department of Education announced\u200d it would be adjusting the implementation of loan \u2064forgiveness\u2064 under \u2064the Income\u200b Driven \u200cRepayment\u200d (IDR) \u200bprogram, \u2062resulting in \u2064$39 billion \u200bin loans \u200cbeing canceled \u200cfor \u2062approximately 800,000 borrowers. \u200dThe IDR program \u200dallows\u2064 borrowers to make\u200d payments based on \u200ctheir monthly\u200c income\u200b rather\u200d than a \u2062standard repayment plan. Borrowers who \u2062meet \u200dthe\u200b payment requirements \u200bfor at\u2062 least\u2064 240 months can have \u2063their loans forgiven.<\/p>\n<\/blockquote>\n<p>The \u200bDepartment of Education&#8217;s press\u2064 release states \u2062that this adjustment \u200dwill continue\u200d throughout the year, with \u200bthe possibility of \u2064more borrowers becoming eligible. \u200cThe \u2063department plans \u200dto \u2062provide updates\u200c on eligibility every\u2063 two months \u200dto \u200densure all borrowers, including those not yet\u2064 eligible, \u2064are aware of \u200ctheir progress towards forgiveness.<\/p>\n<h3>Biden\u2064 Administration Takes Action and\u2062 Releases Data<\/h3>\n<p>In addition to the loan \u2064cancellation announcement, the \u2064Biden\u2063 administration released \u2063state-by-state data\u200d on how\u2062 many \u200dborrowers will be affected \u2064by this latest\u2063 round\u2062 of loan forgiveness. \u2062The Department of Education is \u2064also hosting a virtual \u2064hearing\u200c on student debt to \u200baddress \u200cthis\u2062 pressing \u200bissue.<\/p>\n<p>&#8220;President Biden\u200c continues to fight for student \u200bloan borrowers on all\u2063 fronts,&#8221; stated a White\u2063 House official in a background statement.<\/p>\n<p>This recent \u2062action follows the Supreme Court&#8217;s rejection of \u200bthe president&#8217;s plan to forgive up to $20,000 \u2064in\u2062 student loans for \u2063all borrowers\u2063 earning\u2063 less \u2064than $125,000. The administration \u2064is\u200b now \u2064<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/will-smiths-kid-says-jada-pinkett-smith-introduced-family-to-psychedelic-drugs\/\" title=\"Will Smith's child claims Jada Pinkett Smith exposed family to psychedelics.\">exploring alternative methods<\/a> to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-plans-more-student-loan-forgiveness-through-2024-election-desperate-hail-mary\/\" title=\"Biden's <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-push-for-student-debt-forgiveness-would-cost-taxpayers-millions\/\" title=\"Democrats push for student debt forgiveness, would cost taxpayers millions\">student loan forgiveness<\/a> extends till 2024 election: A last-ditch effort.&#8221;>achieve broad student loan\u2062 forgiveness<\/a>, \u200cwhich will \u200dlikely become \u2064a prominent \u200dtopic in the\u200d 2024 campaign as \u2064Biden\u200b seeks a second term in office.<\/p>\n<p>According to Bob Eitel, president and co-founder \u2063of\u200c the Defense \u2063of Freedom \u2064Institute, the administration&#8217;s efforts to \u2064secure\u200c student\u200c loan forgiveness\u2063 are far\u2062 from\u200d over. \u200dEitel, \u2064who served \u2064in the\u200b Trump\u2064 administration&#8217;s Department of\u200c Education, believes that <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/megadonors-pour-record-amount-of-money-into-get-out-the-vote-effort-for-dems\/\" title=\"Megadonors Pour Record Amount of Money Into \u2018Get Out the Vote\u2019 Effort for Dems\">left-wing political groups<\/a>\u2063 are exerting\u2063 immense pressure on the Biden White \u2063House to\u2062 provide\u2064 this relief, \u2063as it\u2064 has \u2063become &#8220;one of\u2064 the \u200dsacraments of the progressive church.&#8221;<\/p>\n<p>Beth Akers,\u2063 a \u200chigher education finance \u2063expert at \u2062the conservative think tank American \u2063Enterprise\u2064 Institute, \u2064predicts that President\u200d Biden will continue to \u200dadvocate for\u200c student loan forgiveness throughout\u200c the 2024 \u200ccampaign, even \u2063though further \u2062attempts\u200d to eliminate \u2063student\u2063 loans \u2063are \u200blikely \u200bto\u200b be\u2063 blocked by the courts. Akers \u200balso points out\u2064 that Democrats\u2063 were unable to pass loan \u2064forgiveness legislation when \u200cthey had \u200dcontrol of \u2062Congress.<\/p>\n<p>Republicans \u2062in Congress accuse President Biden of pursuing \u2062student\u2063 loan forgiveness solely\u2064 to appeal \u2062to \u2062voters. Senator\u200c Bill\u200d Cassidy\u200c (R-LA), the\u200d ranking member of the Senate Health, Education, \u200bLabor,\u200d and \u2062Pensions Committee,\u2064 criticizes the president \u2062for prioritizing political gain over \u200baddressing \u2063the\u200d root causes of \u200dthe\u200c student loan \u2063crisis.<\/p>\n<p>House Education\u2062 and Workforce Committee Chairwoman Virginia Foxx (R-NC) describes \u200cthe administration&#8217;s efforts \u200dto cancel\u2062 student loans\u200d as a\u2064 &#8220;desperate Hail\u2063 Mary attempt&#8221; to secure \u200dreelection. Foxx\u200c emphasizes that ignoring the Supreme Court \u2064and disregarding the rule of \u2064law is \u200dnot indicative of a leader fit to govern.<\/p>\n<p><strong>Click here to read more \u2063from the\u200c Washington\u200c Examiner.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden&#8217;s move to cancel student loans by tweaking a federal program indicates his commitment to address the issue in the 2024 presidential race. The Department of Education recently announced adjustments to the Income Driven Repayment program, leading to potential loan forgiveness.<\/p>\n","protected":false},"author":1,"featured_media":1975834,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1975833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1975833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1975833"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1975833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1975834"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1975833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1975833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1975833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}