Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

SHELL GAME: Biden “Discreetly” Cuts Off Millions Of Borrowers From Student Loan Cancellation

by October 6, 2022
October 6, 2022
SHELL GAME: Biden “Discreetly” Cuts Off Millions Of Borrowers From Student Loan Cancellation

Is the Biden administration trying to trick the American people?

They have now quietly changed their student loan forgiveness plan — removing students using Perkins and Federal Family Education Loans from the plan.

Millions will now not have their debt canceled.

MSN.com reported:

Biden is touting his unprecedented plan for student loan forgiveness as a major debt reliever for millions of Americans. However, a recent report from NPR found that his administration has discreetly changed a major portion of the program’s guidance. This revision removed Perkins and Federal Family Education Loans (FFEL) as qualifiers, leaving millions now seemingly ineligible.

More than four million borrowers hold these types of loans, according to federal data. Before Thursday, September 29th, the Federal Student Aid site for student loan forgiveness listed both types of loans as being eligible. The guidance noted that they could be consolidated into a federal Direct Loan, which would in turn qualify them for the program.

But as of today, that guidance has changed. It reads, “As of Sept. 29, 2022, borrowers with federal student loans not held by ED cannot obtain one-time debt relief by consolidating those loans into Direct Loans.” It remains unclear why the administration decided to major this major change to the student loan forgiveness program.

Seven states have sued the Biden administration over student loan cancelation.

Arizona joined Arkansas, Iowa, Kansas, Missouri, Nebraska, and South Carolina in the lawsuit.

Arizona Attorney General Mark Brnovich blasted the Biden administration for using programs not created for student relief to fund it.

The Daily Wire reported:

Later in the day, Arizona GOP Attorney General Mark Brnovich filed suit against the Biden administration policy, making Arizona the seventh state to sue the Biden administration over the issue. Arkansas, Iowa, Kansas, Missouri, Nebraska, and South Carolina had already filed suit.

“The president’s action is contrary to several recent United States Supreme Court decisions striking down federal agencies’ assertion of power never granted to them by Congress,” Brnovich stated. “Despite being told by members of congress he cannot pursue such an action, Biden is relying on the Higher Education Relief Opportunities for Students Act (HEROES Act) and the COVID-19 pandemic. The HEROES Act was a response to the September 11th attacks to relieve active-duty personnel from financial hardship while defending our nation.”

“The act also includes individuals who reside in disaster areas affected by a national emergency. The president attempts to stretch the HEROES Act to assert authority over all borrowers in the country, citing the COVID-19 pandemic as a national emergency and the entire United States as a disaster area,” he added.

Biden previously admitted that he didn’t have the authority to cancel student loan debt – he decided to do it anyway.

It’s an Election Year! Joe Biden Also Admitted He Doesn’t Have the Authority to Forgive Student Loan Debt…But He’s Doing It Anyway

The Biden administration lied.

For the antidote to media bias, check out ProTrumpNews.com!

The post SHELL GAME: Biden “Discreetly” Cuts Off Millions Of Borrowers From Student Loan Cancellation appeared first on The Gateway Pundit.

0
FacebookTwitterGoogle +Pinterest
previous post
Federal Judge Halts New York’s New Law Limiting Concealed Carry of Firearms in “Sensitive” Locations, Says Key Provisions Are Unconstitutional
next post
GNG TV: It’s Just a Lower High Until it Isn’t!

You may also like

GOP senator demands Cabinet invoke 25th Amendment against...

July 22, 2024

Elon Musk Discovers ‘Woke’ Stash of Swag Inside...

November 23, 2022

“Just Up an Inch” – Joe Biden Downplays...

September 19, 2022

Israel-Hamas war: Identities of 11 recently-released Israeli hostages...

November 28, 2023

Ramaswamy demands Tennessee governor, FBI release Nashville school...

August 3, 2023

Hamas working to ‘sabotage’ Trump-backed aid group with...

June 5, 2025

Biden admin ‘perplexed’ by Netanyahu decision to cancel...

March 26, 2024

Trump team’s Signal snafu sparks debate over secure...

March 26, 2025

Vivek Ramaswamy promotes anti-wokeness on Capitol Hill —...

June 24, 2023

President Trump announces multiple judicial nominees, accuses court...

May 7, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Balancing Public Safety and Individual Freedom: A Doctor’s Take on the ACIP Overhaul

      June 10, 2025
    • Iran becoming ‘much more aggressive’ in nuclear talks, Trump tells Fox News

      June 10, 2025
    • State Department reveals plan to deliver ‘life-saving’ meals to 1.4M starving children

      June 10, 2025
    • Micron’s Coiled for An Explosive Move (Up or Down): Here’s What You Need to Know Now

      June 10, 2025
    • What Is the Opportunity Cost of State AI Policy? A New Cato Policy Analysis Discusses

      June 10, 2025
    • ‘Blazing the trail for others’: easyJet founder Sir Stelios awards £300,000 to disabled entrepreneurs transforming care, baking and logistics

      June 10, 2025

    Categories

    • Business (8,175)
    • Investing (2,024)
    • Politics (15,586)
    • Stocks (3,139)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved