×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Skip to main content
Tags: joe biden | democrats | education | sector | millions

Biden, Democrats Received Millions From Education Sector

Democrat logo
Democrat logo (Dreamstime)

By    |   Thursday, 25 August 2022 11:51 AM EDT

President Joe Biden and several other high-profile Democrats accepted tens of millions of dollars from individuals and groups in the higher education sector over the last few campaign cycles.

Biden received more than $64.5 million in contributions from people in the higher education sector during his presidential campaign in 2020, according to data compiled by OpenSecrets.

Democrats have been responsible for 70% of all political contributions from groups in the education industry since 2002, the Washington Examiner said Thursday.

Former President Donald Trump (No. 5, $8.9 million) was the only Republican among the top 20 recipients of 2020 contributions from the higher education sector.

The Examiner's report came a day after Biden said the U.S. government will forgive $10,000 in student loans for many debt-saddled college graduates, a move that could boost support for his fellow Democrats in the November congressional elections but also may fuel inflation.

Sens. Bernie Sanders, I-Vt.; Elizabeth Warren, D-Mass.; and Jon Ossoff, D-Ga., were Nos. 2-4 in terms of 2020 donations from the education sector. Sanders received $17.2 million, Warren $11.6 million and Ossoff $8.9.

So far, in 2022, Democrats continue to dominate the sector — especially those running for Senate seats.

Sens. Raphael Warnock, D-Ga.; Mark Kelly, D-Ariz.; Rep. Val Demings, D-Fla.; Sen. Maggie Hassan, D-N.H.; and Lt. Gov. John Fetterman, D-Pa., are the Top 5 recipients of education donations.

Warnock ($2.2 million), Kelly ($1 million), Demings ($634,142), Hassan ($487,288) and Fetterman ($463,547) all are seeking to retain or win a Senate seat in November’s midterms.

Biden (No. 8, $384,000) still ranked within the top 10 in the 2022 cycle despite not actively running a reelection campaign.

The Examiner reported that about 40 million people in the U.S. hold a collective $1.7 trillion in student loans.

Borrowers must earn less than $125,000 individually or $250,000 as a household to be eligible for Biden's cancellation program.

Pell Grant recipients can get up to $20,000 canceled, which the Biden administration is promoting as a way to close the racial wealth gap because black borrowers are twice as likely to receive the grants, the Examiner reported.

© 2022 Newsmax. All rights reserved.


Newsfront
President Joe Biden and several other high-profile Democrats accepted tens of millions of dollars from individuals and groups in the higher education sector over the last few campaign cycles.
joe biden, democrats, education, sector, millions
349
2022-51-25
Thursday, 25 August 2022 11:51 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved