After the Supreme Court blocked President Joe Biden's first plan to forgive student debt, his administration set out to create a more viable relief package.
Few issues have vexed the Biden administration like student loan forgiveness. Given that more than 40 million Americans owe money on their student loans, for a total of $1.6 trillion, few issues have such a large impact on so many. Democrats and progressives have long prioritized this matter, and President Joe Biden promised to fight for significant debt relief before taking office. Even though his ambitious proposal to use his executive authority to forgive $400 billion in student loan debt...
The latest round of forgiveness brings the total amount of relief given to student loan borrowers under the Biden administration to $160 billion for 4.6 million individuals.
President Joe Biden on Wednesday announced the approval of more than $6.1 billion in student loan debt relief for nearly 317,000 borrowers who were enrolled at any Art Institute campus from January 2004 until October 2017.
The Biden administration's latest plan to wipe out federal student loan debt for millions of borrowers could add up to $750 billion to the national deficit, according to a Tuesday report from the Committee for a Responsible Federal Budget.So far, the White House has announced $150 billion in so-called student loan "forgiveness" programs over the last year following the Supreme Court's June decision to reject unilateral loan cancellations. The previously rejected program would have wiped out $430...
Most families take out student loans to cover the rising cost of college. A new report found that incoming freshmen may have $37,000 in debt by graduation.
Student debt, a new Gallup report shows, is making it harder for young people to reach key life milestones. According to a Gallup survey of over 14,000 adults, over 70% of people say student debt has “delayed major life events” including moving out of their parents’ home, getting married, and having a child. Strikingly, there […]
About 7 million New Yorkers plan to leave the state, a new survey revealed this month.In a new Marist poll, 37 percent of New Yorkers—roughly 7 million people—said they plan to move away. The number was slightly more concentrated among Republicans, as 46 percent said they plan to leave the state compared to just 29 percent of Democrats.: How to Sell Your HomeThe mass migration echoes a trend that gained momentum during the COVID-19 pandemic and continued in the years that followed as Northerners...
Author: Julie Tsirkin and Monica Alba (NBC News) WASHINGTON (NBC News) – The Biden administration will take a historic step toward easing federal restrictions on cannabis, with plans to announce an interim rule soon reclassifying the drug for the first time since the Controlled Substances Act was enacted more than 50 years ago, four sources […]
Top health official gives no timeline for issuing rule, saying administration taking more time to consider feedbackFor the second time in recent months, the Joe Biden White House has delayed a sweeping plan to ban menthol cigarettes, a decision that is certain to infuriate anti-smoking advocates but could avoid angering Black voters ahead of November elections.In a statement on Friday, the president’s top health official gave no timeline for issuing the rule, saying only that the administration...
The Biden Administration has delayed plans to ban menthol cigarettes, a proposal announced by the Food and Drug Administration years ago. "There are still more conversations to have, and that will take significantly more time," Department of Health and Human Services Secretary Xavier Becerra said in a statement Friday. The FDA announced its plans to ban menthol tobacco cigarettes in 2021, followed by its proposed rules for the ban in 2022. The move was aimed to improve the health of those most...
New Title IX rules from the Biden administration protect LGBTQ students from discrimination, but sidestep transgender athlete eligibility.