Explainer: Biden’s SAVE Plan for Student Loan Forgiveness
Biden's SAVE plan, introduced in August 2023, offers potential relief to millions of student loan borrowers, reducing some monthly payments to $0 and preventing interest from accumulating. The plan aims to benefit low- and middle-income earners, community college students, and public service workers, with early forgiveness for those with low balances. However, opponents argue it could cost taxpayers up to $559 billion and incentivize colleges to raise tuition costs, prompting some House Republicans to seek its overturning through a Congressional Review Act (CRA) resolution.
Explainer: Bidenomics and President Biden’s Economic Vision
President Biden has recently touted his economic policies as “Bidenomics” and emphasized how they helped recover the economy from the pandemic. Critics, however, worry that these policies will increase inflation and the federal debt.
Explainer: Biden's New Policies and Updates on Student Loan Forgiveness
President Joe Biden is pursuing an alternative plan for student loan forgiveness based on the Higher Education Act (HEA) after the Supreme Court rejected his initial proposal that was based on the Higher Education Relief Opportunities for Students (HEROES) Act. The HEA grants the US Education Department the authority to waive or release loans, but the plan is expected to face legal challenges and its scope and effectiveness remain uncertain.
Explainer: 2022 - 2023 U.S. Supreme Court Decisions
During the 2022 - 2023 U.S. Supreme Court term, the Court heard many cases around constitutional rights, state sovereignty, and the United States government's powers. This term had many landmark cases that affected the rights of everyone in the country in significant and small ways. This article briefly goes over the cases and their impact.
Explainer: 2022 - 2023 U.S. Supreme Court Decisions - Landmark Cases
During the 2022 - 2023 U.S. Supreme Court term, the Court heard many cases around constitutional rights, state sovereignty, and the United States government's powers. This term had many landmark cases that affected the rights of everyone in the country in significant and small ways. This article briefly goes over the significant cases and their impact from the past erm.
Explainer: President Biden’s Budget for Fiscal Year 2024
On March 9, 2023, the White House released the President’s Budget for Fiscal Year 2024. Healthcare, taxes, national security, and climate change were some of the biggest spending areas.
Explainer: Biden’s Student Loan Forgiveness Plan
On Aug 30, 2022, President Biden released his plan to relieve student loans for millions of borrowers, providing up to $20,000 in relief per individual.
Here’s what you need to know:
Explainer: Inflation Reduction Act
On Aug 16, 2022, President Biden signed the Inflation Reduction Act (IRA) into law. The Act is a comprehensive bill designed to address inflation, climate change, healthcare costs, and the tax code.