Education Department unveils new rules focused on canceling loan interest. Unveiled rules are part of the larger Biden effort to cancel student loan debt. Efforts could impact 30 million borrowers when combined with other steps
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...
The Biden administration released the draft text of its revised student loan forgiveness plan. Here's what to know.
The Biden administration released its new proposal to forgive student debt for millions of Americans. It hopes this plan will survive legal challenges.
Biden's New Student Debt Relief Will Add Up To $750 Billion To The Budget Deficit By The Committee for A Responsible Federal Budget The Biden Administration recently announced a new plan to cancel student debt for up to 30 million borrowers and released a preliminary rule this morning detailing parts of this plan. The proposal, which is being introduced through the rule making process, would replace the Administration’s initial proposal to cancel between $10,000 and $20,000 per...
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.
The Department of Education just shared the first draft of the proposal’s rules, and there’s a lot to break down.
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 […]
(The Center Square) - Iowa State Treasurer Roby Smith said Monday Iowa's debt obligations rose 3.9.% from fiscal year 2022 to fiscal year 2023, the lowest increase in five years. Iowa's debt obligations are at $20.9 billion, with cities issuing the most debt at $7.8 billion, a 4.1% increase over the last fiscal year, according to a report. Debt obligations are "bonds, notes, capital leases, anticipatory warrants and loans," according to Smith. Five cities make up...
The Federal Trade Commission is warning about scammers targeting people with promises to cancel their student loans, and critics say President Joe Biden fueled the fire himself. Biden has been pledging to cancel student loans since the 2020 presidential campaign and has rolled out a wide range of programs and proposals toward that end. While his […]
Ripple CEO Brad Garlinghouse joins ‘Mornings with Maria’ to weigh in on the cryptocurrency market, arguing that the market will double in size by the end of 2024.