The Supreme Court slapped down President Biden’s $430 billion mega-sellout in June 2023 over its absurd use of a post-9/11 law meant to help active-duty military avoid loan troubles.
Michael RaineyApril 12, 2024President Joe Biden on Friday announced another round of student loan forgiveness, part of a piecemeal effort that
The Biden administration said Friday that is using existing student loan forgiveness programs to cancel another round of student debt, totaling $7.4 billion for 277,000 borrowers. Under President Joe Biden, the Department of Education has made it easier for some specific groups of borrowers, like public sector workers, to qualify for loan forgiveness. It also launched a new repayment plan that creates a shorter pathway to loan forgiveness for many low-income borrowers – and is at issue in at...
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 announced it will forgive $7.4 billion in student debt for another 277,000 borrowers, its latest round of relief.
Biden has now dished out $153 billion in student debt relief trying to fix the broken loan system.
The White House announced another round of student loan debt cancelation bringing the total of student loan debt forgiven to $153 billion for some 4.3 million borrowers since Biden took office.
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 will cancel $US7.4 billion ($A11.4 billion) in student debt for 277,000 borrowers, the White House says. President Joe Biden announced plans to ease student debt earlier this month that would benefit at least 23 million Americans, addressing a key issue for young voters whose support he needs as he seeks re-election in […]
In a move aimed at alleviating the burden of student loan debt for millions of Americans, the Biden administration has announced another round of student loan forgiveness, totaling $7.4 billion. This latest announcement comes as part of President Biden’s ongoing efforts to address the issue of student debt in the United States. The decision follows […] The post Biden Administration Announces $7.4 Billion in Student Loan Forgiveness first appeared on The Source.
Here's everything you need to know about the Biden administration's new
A total of 18 states are now suing the Biden administration over its new student debt forgiveness program, hoping to halt $1.2 billion in loan relief for more than 150,000 borrowers. The SAVE Repayment Plan, which was announced in February, allows borrowers to have their federal student debt forgiven if they took out $12,000 or less and have made payments for at least 10 years. A federal lawsuit filed Tuesday — led by Missouri and joined by Arkansas, Florida, Georgia, North Dakota, Ohio and...