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"Any bailout of the auto industry is really a bailout for the health benefits of the UAW. That's all it is." [48] Opponents of a bailout believe that the automakers' problems could be more efficiently resolved by a bankruptcy court with legal power to dissolve existing contracts, shedding costs, and debts that it can no longer afford.
This includes borrowers eligible for forgiveness under repayment plans such as the Saving on a Valuable Education Plan (SAVE) or targeted relief programs, or closed school loan discharges, except ...
According to an April 2014 report of the Special Inspector General of the Troubled Asset Relief Program, the U.S. government had lost $11.2 billion (~$14.2 billion in 2023) in its rescue of General Motors. The U.S. government spent $50 billion to bail out GM, meaning it recovered 77.6 percent of its investment amount. [7]
Before Biden took office, just 7,000 people had ever received debt relief under the program. Under Biden, about 871,000 borrowers have qualified for PSLF and received a total of $62.5 billion in ...
The Biden administration is going down alternative avenues to cancel federal student loan debt. Biden’s student loan forgiveness plan might actually happen in 2024. But far fewer borrowers will ...
The latest discharges include $3.2 billion for 43,900 borrowers using the public service loan forgiveness program and waiver, and $1.7 billion for 29,700 borrowers under the one-time payment ...
The Biden administration is "preliminarily enjoined from any further loan forgiveness for borrowers under the Final Rule’s SAVE plan until such time as this Court can decide the case on the ...
Biden’s signature, one-time student loan forgiveness program was struck down by the Supreme Court last year. It would have canceled up to $20,000 of student debt for many low- and middle-income ...