student loan forgiveness

For decades, the Department of Education has operated the federal student loan system on autopilot, continually expanding its size, complexity, and cost. The result is a $1.7 trillion portfolio — nearly twice the size of all university endowments combined and larger than JPMorgan Chase’s loan portfolio, the nation’s largest bank — yet it operates without the financial expertise, transparency, or accountability a system of this scale requires. The Department of Education reports that fewer than 40 percent of borrowers are in repayment, and nearly a quarter of borrowers are in default. While not designed to function as a bank, the Department of Education has been managing what is effectively the fifth-largest financial institution in the United States. A course correction Read More ›

Keri D. Ingraham appeared on NTD News Today on Tuesday, April 22, to discuss the U.S. Department of Education’s announcement that collections of defaulted federal student loans would resume on May 5. Ingraham outlined the Biden administration’s unlawful actions to cancel student loans and defended the Trump administration’s return to enforcing repayment of student loans. “The goal is to help people be free from debt while not pushing that onto those who chose not to go to college,” said Ingraham.

President Joe Biden’s appointed secretary of education, Miguel Cardona, is out the door as President Donald Trump returns to the Oval Office. The end of Cardona’s tenure couldn’t come soon enough. K-12 student learning achievement is pitifully low. Chronic absenteeism has skyrocketed. Condoned college campus protests are a disgrace. Federal student aid, including the Free Application for Federal Student Aid (known as FAFSA) form and process, is a mess. Despite four catastrophic years, Cardona released a glowing report last week. It boasts about the U.S. Department of Education’s “accomplishments” under his watch and opens with a full-page letter from the secretary. “This report, The Impact: Fighting for Public Education, is about more than documenting the successes under the Biden-Harris Administration. Read More ›