{"id":1976130,"date":"2023-07-18T11:47:01","date_gmt":"2023-07-18T15:47:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/education-secretary-tells-students-with-loans-to-pay-what-you-can-afford\/"},"modified":"2023-07-18T11:50:31","modified_gmt":"2023-07-18T15:50:31","slug":"education-secretary-tells-students-with-loans-to-pay-what-you-can-afford","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/education-secretary-tells-students-with-loans-to-pay-what-you-can-afford\/","title":{"rendered":"Education Secretary advises students with loans to make payments based on their affordability."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/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%2Feducation-secretary-tells-students-with-loans-to-pay-what-you-can-afford%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=1976130&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--><div class=\"post_content\">\n<h2>Education\u200d Secretary Miguel\u2064 Cardona Vows\u200d to Continue Support for Student Loan \u200dHolders<\/h2>\n<blockquote>\n<p>\u201cThe \u2063goal is to be \u2063able\u200c to pay \u200cwhat you can afford. Right \u200dnow people \u2063are\u2064 falling\u2062 into default because \u2062the\u200c college loan payments\u2064 are too high \u2063for\u2064 the\u2062 salaries,\u201d Mr. Cardona said.<\/p>\n<p>\u201cClearly, we\u2019re\u200d not done fighting \u2063for \u200cthe borrowers. \u2064We\u2019re\u2062 not \u200cdone\u200b fighting for accessible higher education\u200d and that\u2019s\u200b something\u2063 we\u2019re going\u200d to be\u200d committed to.\u201d<\/p>\n<\/blockquote>\n<p>Education Secretary Miguel Cardona expressed\u2063 his \u200ccommitment to providing relief for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-is-implementing-student-debt-forgiveness-by-endlessly-extending-the-payment-freeze\/\" title=\"Biden Is Implementing Student Debt \"Forgiveness\" by Endlessly Extending the Payment \"Freeze\"\">student loan holders<\/a>\u2063 and finding ways to alleviate the\u2063 burden of existing\u200d borrowers. This comes in\u200b the\u2062 wake\u200d of \u200bthe Supreme \u200bCourt&#8217;s recent\u2062 decision to \u2062strike down a\u200c government attempt to forgive millions of student\u2063 loans.<\/p>\n<figure id=\"attachment_4980467\" style=\"width: 640px\" class=\"wp-caption alignnone\">\n<a href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2023\/01\/12\/20230111_BidenCardona-1200x624.jpg\"><figcaption class=\"wp-caption-text\"><noscript><\/noscript><\/figcaption><\/a><br \/>\n<\/figure>\n<p>Mr. Cardona criticized the Supreme Court&#8217;s ruling,\u200b stating\u200b that they\u200d &#8220;got\u200d it wrong.&#8221; \u200cHowever, he emphasized that any future \u2062decisions on\u200d <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>\u2062 will align \u2062with the Supreme\u200c Court&#8217;s \u2063ruling.<\/p>\n<p>The\u200d Supreme Court&#8217;s\u200d decision on June 30 invalidated a\u200c <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/education-secretary-tells-students-with-loans-to-pay-what-you-can-afford\/\" title=\"Education Secretary advises students with loans to make payments based on their affordability.\">student debt forgiveness\u2062 plan\u2063 proposed<\/a> by the\u200d federal\u2062 administration. This\u200d plan\u2064 aimed \u2063to eliminate\u200d up\u200b to\u2064 $20,000 \u200bin\u2063 debt for around \u200c40 \u2064million borrowers,\u2062 potentially\u2064 costing \u200bthe government $800 billion or more.<\/p>\n<p>In response\u2064 to\u2062 the ruling, \u2063Mr. Cardona expressed disappointment, stating that \u2064it\u200c was a blow\u2062 to students \u200dand families across the \u2063country.\u2063 However, \u2064the Education Department swiftly\u200c announced a new \u200dincome-driven repayment plan called Saving \u2062on \u2064a Valuable \u200dEducation (SAVE), which \u2064Mr.\u200c Cardona described as the\u200c &#8220;most affordable\u2063 repayment plan \u200cin \u200bhistory.&#8221;<\/p>\n<p>Additionally, the Biden administration revealed\u200b that \u2063they\u200b were \u2064exploring alternative paths to \u200bdebt\u200c relief for\u2063 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-plans-more-student-loan-forgiveness-through-2024-election-desperate-hail-mary\/\" title=\"Biden's student loan forgiveness extends till 2024 election: A last-ditch effort.\">student \u200cloan borrowers<\/a>. \u2063On \u200bJuly 14, the \u2064Education Department unveiled \u2063a \u200c$39 \u200cbillion \u2063plan \u2062that forgives \u2063outstanding\u200d loans\u2062 for 804,000 \u2064borrowers\u200c who have made\u200d consistent repayments for\u2062 20 to 25\u200d years or \u200b240 to \u2064300 \u200dmonthly payments.<\/p>\n<p>While \u200bthis plan \u2062received criticism for its potential impact\u200b on\u2064 the \u200bAmerican\u200c economy, \u200cPresident Biden defended it and accused Republican\u2064 lawmakers of\u200d not caring \u200cenough about the\u200d hardships faced\u200c by everyday Americans. Some \u200bpolitical experts believe that this student \u2064loan forgiveness program could serve\u2064 as\u200b a strategic move for Biden&#8217;s \u200bpresidential campaign, allowing him to highlight \u2063the\u200d GOP&#8217;s opposition to\u2062 the\u2063 plan.<\/p>\n<figure \u2062id=\"attachment_5367951\"\u2064 style=\"width: \u2064600px\" class=\"wp-caption\u200d alignnone\">\n<a href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2023\/06\/30\/id5367951-GettyImages-1396874221.jpg\"><figcaption class=\"wp-caption-text\"><noscript><\/noscript><\/figcaption><\/a><br \/>\n<\/figure>\n<p>Despite the \u2064challenges and opposition, Education Secretary Miguel Cardona\u2064 remains determined \u2063to support student loan \u200bholders and fight for accessible higher\u200c education. The\u200b department will continue to explore ways to \u200bprovide relief \u2064and ensure \u200bthat \u200dloan payments are affordable for\u2064 borrowers.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Education Secretary Miguel Cardona announced on Monday that the department will persist in aiding student loan holders and seek additional measures to alleviate the burden for current borrowers. This comes after the Supreme Court rejected a government initiative to forgive millions of these loans. The objective remains to ensure manageable repayment options.<\/p>\n","protected":false},"author":186,"featured_media":1976131,"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":[543],"tags":[],"class_list":["post-1976130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"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\/1976130","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\/186"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1976130"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1976130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1976131"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1976130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1976130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1976130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}