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.
Michael RaineyApril 16, 2024The Department of Education on Tuesday released a first set of draft rules for President Joe Biden’s proposed plan
President Joe Biden's new student loan forgiveness plan is narrower than his first effort. For critics of debt relief, that might not make a difference.
On Friday, The Biden Administration announced it will use existing student loan forgiveness programs to cancel another round of student debt, and if you're hearing a lot about federal student loan forgiveness in the news, you're not alone because schemers are too.
On Wednesday, the impeachment of Homeland Security Secretary Alejandro Mayorkas ended not with a bang but with a whimper, when the Senate under Majority Leader Chuck Schumer (D-NY) dismissed both impeachment articles without a trial. Sen. Schumer stated that the House of Representatives had sent to the Senate “the least legitimate, least substantive and most politicized impeachment trial ever in the history of the United States.” Oh, the irony!
The Biden administration released its new proposal to forgive student debt for millions of Americans. It hopes this plan will survive legal challenges.
President Joe Biden’s latest plan for student loan cancellation is moving forward as a proposed regulation, offering him a fresh chance to deliver on a campaign promise and energize young voters ahead of the November election. The Education Department on Tuesday filed paperwork for a new regulation that would deliver the cancellation the Democratic president announced last week. The regulation has to go through a public comment period and another review before it can be finalized. The regulation...
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...
President Joe Biden has worked to woo young voters with his student loan forgiveness plan, but he is still lagging with the demographic in polls against former President Donald Trump. In two polls released on Thursday, Biden has smaller leads over Trump with young voters than four years ago — in a group he needs […]
If you’re confused about President Joe Biden’s various student loan debt-cancellation schemes, who can blame you? And on Tuesday, the Biden administration unveiled its third Read More
The Biden administration released the draft text of its revised student loan forgiveness plan. Here's what to know.