From Washington: Will Students Get Relief Amid FAFSA Fiasco

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FOX News Podcasts

News, Daily News, Politics

3.4 • 1.7K Ratings

🗓️ 14 April 2024

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Biden unveiled his latest attempt to cancel student loans during a visit to Wisconsin on Monday to energize young voters. The announcement comes as millions of high school seniors across the country await loan offers due to technical glitches with the new FAFSA program. Federal Student Aid and College Expert Mark Kantrowitz testified at this week's Congressional hearing on FAFSA issues. He explains why the complications behind this year's FAFSA process and discusses the end goal for federal student loan applications. Later, he reacts to President Biden's plan for student loan forgiveness. Taxes are becoming a key campaign issue as Trump-era cuts from 2017 are set to expire at the end of next year. The former president promises to extend them if elected for a second term, yet President Joe Biden promises a new, improved plan to make the ultra-wealthy "pay their fair share" if he returns to the White House in 2025. Biden claims Trump's tax cuts contributed to the nation's crippling debt, however, if they do expire the middle class will be hit the hardest - the demographic the Biden campaign aims to help the most. Senior Fellow at the Independent Institute and Economic Advisor to Former President Trump Judy Shelton joins to break down how an expiration will impact the American people. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:26.2	investment and you should not expect to be protected if something goes wrong
0:38.6	Sunday April 14th, 2024, I'm Jessica Rosenthal. The President announced a new student loan forgiveness plan, but has a focus on debt relief caused the
0:44.5	Biden administration to drop the ball in administering another program.
0:48.0	It's meant to help kids get financial aid for college.
0:50.8	This year's launch was a complete failure.
0:54.0	It made the process more complicated.
0:56.4	People weren't able to create FSIDs and then submit the form.
1:01.7	Trump air attacks cuts from 2017 are set to expire at the form. Trump-era tax cuts from 2017
1:03.8	are set to expire at the end of next year,
1:05.6	making taxes a campaign issue,
1:07.6	as former President Trump promises to extend them,
1:10.2	and President Biden proposes a new plan
1:12.3	to make the wealthy, as he put it, pay their fair share.
1:15.2	By putting a target on the back of successful people, you're really fostering class resentment, which I think is highly anti-American. This is the
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