From Washington: The President’s Student Loan Forgiveness Plan
In 2022 President Biden signed an act forgiving up to $10,000 of federal student loan debt for borrowers earning less than $125,000 annually. The act was met with fierce disapproval and legal challenges from Republicans, with critics saying that the relief would further inflation. The plan for student loan forgiveness plan will face the Supreme Court next month to determine the future of the act. The FOX News Rundown From Washington looks back on an interview with Jared Bernstein, a member of the President’s Council of Economic Advisers, to discuss the impact debt forgiveness may have on inflation in this country, concerns over fairness to taxpayers, and questions about the rising costs of higher education in America.
As President Biden’s administration moved forward with its student loan forgiveness plan, one lawmaker created an alternative plan to combat educational costs. The FOX News Rundown From Washington revisits a conversation with Senator Rick Scott (R-FL) to discuss his proposed COLLEGE Act, how it can hold colleges accountable for the rising tuition costs, the debt that many graduates face, and how it could change how universities use endowments.
