FeaturedWhite House Watch

Biden Seeks To Expand Student Debt Handout In New Budget


President Joe Biden hopes to expand his efforts to slash student debt with a $12 billion initiative in his fiscal year 2025 budget released Monday.

After the Supreme Court ruled in June that Biden’s student loan forgiveness program was unconstitutional, the Department of Education announced a new costly repayment plan followed by a near $5 million handout in December. Biden proposed the $12 billion Reducing the Costs of College Fund to help finance “strategies to lower college costs for students, along with several other initiatives aimed at furthering his student loan forgiveness agenda.

“From Day One of his Administration, President Biden vowed to fix the student loan system and make sure higher education is a pathway to the middle class—not a barrier to opportunity,” the budget reads. “Already, the President has cancelled more student debt than any President in history, approving debt cancellation for nearly 4 million borrowers through more than two dozen executive actions.”

Biden also proposed “eliminating the origination fees charged to borrowers on every new federal student loan,” increasing “the discretionary maximum Pell Grant by $100” and expanding “free community college through a Federal-State partnership.”

The budget would also pay for two years of tuition for those whose families make less than $125,000 that attend Historically Black Colleges and Universities, Tribally Controlled Colleges and Universities and Minority-Serving Institutions.

The Supreme Court decided that the Biden administration wasn’t permitted to forgive $10,000 in student loan debt for non-Pell Grant recipients and up to $20,000 for those who received the Pell Grant. Following the decision, the Department of Education announced it would forgive student loans via the Higher Education Act and income-driven repayment plans instead.

The Biden administration has already cancelled billions of dollars worth of student debt for more than 3.6 million individuals, according to the White House.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org

Support Conservative Daily News with a small donation via Paypal or credit card that will go towards supporting the news and commentary you've come to appreciate.

Related Articles


  1. This Biden has gall. He’s been told by the US Supreme court that he can’t erase student loans and lo and behold it’s exactly what he plans to do. What does it take to make this so-called leader of these United States obey the law? He thumbs his nose at the highest court in the country and gets away with it and we wonder why he keeps treating the citizens of this country like dirt.

  2. Debt reduction for student debt is a slap in the face for hard working Americans who has busted their behinds working to pay for their off springs tuition. I know my wife worked many years to do this for our kids and HE (biden) is running around giving away OUR money once again to try to sway votes to him at our expense, B I L L I O N S to be exact, Lets Vote Trump and show him what we think of his corruption!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button