Biden unveils another plan to wipe up to $20,000 in student loan debt for up 25 million borrowers as his bill for forgiveness reaches $153 billion
by Daily Mail
Daily Mail— 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
TheBlaze—Biden's student loan debt 'forgiveness' plan could add up to $750 billion to national deficit: Report. 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...
CNBC—Biden administration releases draft text of student loan forgiveness plan. Here's what borrowers need to know. The Biden administration released the draft text of its revised student loan forgiveness plan. Here's what to know.
CNET—Student Loan Forgiveness: This Financial Aid Expert Unpacks Biden’s New Debt Relief Plan. The Department of Education just shared the first draft of the proposal’s rules, and there’s a lot to break down.