NC lawmaker fights student-loan scheme
In the modern era, few policies have been as reckless, lawless, and perverse as Joe Biden’s repeated efforts to transfer student-loan debt to taxpayers.
In honor of Financial Literacy Month, it’s worth taking a moment to consider one of the biggest financial challenges facing Americans of all generations — their student loan debt. For those who may not be familiar with the student loan process, there are two loan types that students and their parents can explore to pay...
January’s numbers for labor force participation are in, and it’s looking like Gen Z has finally caught on — they’ll need to work to pay their own way. Unfortunately, in North Carolina, they’re already late to the game. On Feb. 2, the Bureau of Labor Statistics published new data for January employment, revealing that unemployment...
The View Cries ‘Tremendous Voter Suppression,’ But ‘Huge Turnout’ In many states today they can literally harvest a ballot for you. Where’s all the voter suppression? Nevermind. It’s opinions from “The View.” The constant cries over voter suppression is one of the dumber narratives in this nation. Honestly, it would be nice if everything in...
Even if one only counts Carolina Journal opinion submissions, there is tangible anger over President Biden’s student loan forgiveness order. The administration is receiving plenty of backlash on multiple fronts. Those include the graduates that worked and paid back loans on their own, but the more politically damaging group is the working class that never even went...
President Biden announced on Wednesday that up to $20,000 of individual student loans would be forgiven in the recent move to forgive student debt. The eligibility for debt cancellation is as follows: To be eligible, your annual income must have fallen below $125,000 (for individuals) or $250,000 (for married couples or heads of households). If you received...
Remember when President Joe Biden and the Democratic Congress took resolute action to combat rising prices? I apologize for asking so much of you. It can be mentally taxing to recall the details of events long past. And according to my calendar, the event I’m asking you to recall occurred way back on August 16...
Amid crippling inflation and plummeting poll numbers, President Biden threw a Hail Mary this week — announcing a sweeping student loan forgiveness plan of up to $10,000 per borrower, or up to $20,000 for those with Pell Grants. Simply put, Biden’s grasping at more taxpayer dollars to influence the vote before the November midterms. As...
ate May that would restrict President Biden from forgiving student loan debt. The bill will not restrict pre-existing federal student loan forgiveness programs like Teacher Loan Forgiveness and Public Service Loan forgiveness.
If you have children, you’ve probably played the board game “Life.” Players reach a key crossroad early in the game: Choose to go to college, which sets you back a few spaces but ups your odds of winning the game, or choose not to, which puts you ahead briefly but may hurt you in the...
Economic laws are not subject to a vote. They can’t be wished away because you don’t like certain realities they reveal. They don’t bend to accommodate your feelings or the politician’s will. These harsh realities must be kept in mind when anticipating the results of public policy. For instance, there’s no surer way to make...
When Congress passed the Higher Education Act of 1965, colleges and universities were swept into a paradigm shift. The act shifted many funding responsibilities for universities from private endowments or state taxpayers to the federal government. Government loans and scholarship programs materialized. Pell Grants and Stafford Loans were a direct result of the legislation. The...