President Biden is lengthening a pause on federal student loan debt collections after the Department of Education announced on Monday that it would provide debt relief for borrowers with total or permanent disabilities, the White House said Tuesday. “We will be expanding the pause on student loan interest and collections to the more than 1 million
The Biden administration is expanding the pause on student loan interest and collections to the more than a million borrowers who are in default on loans made by private lenders, White House press secretary Jen Psaki said Tuesday.
Most student loan borrowers haven't made a payment on their debt in over a year. As a result, they'll miss out on this tax break.
Although he previously expressed opposition to the idea, the president has now asked his education secretary to prepare a memo to determine whether the administration has the legal authority to cancel up to $50,000 in student loan debt.
The Joe Biden narrative about an 'existential threat to democracy' is starting to fall apart.
The Biden administration announced Monday that it let tens of thousands of disabled people off the hook for their student loans at a cost to the taxpayers of $1.3 billion. Whittling away at the nation's $1.7 trillion in student debt, the agency will forgive loans to more than 41,000 disabled
Democratic lawmakers and their allies on the left aren’t nearly satisfied with President Biden’s moves to forgive Americans’ mountain of student debt, even though the administration has wiped away $1 billion from tens of thousands who had been scammed by for-profit colleges. Debt relief advocates are pressing the administration to
President Joe Biden is still thinking about—and collecting evidence on—whether to cancel student loan debt, and if so, how far to go. Speaking to Politico on Thursday, White House Chief of Staff Ron Klain said Biden had asked Education Secretary Miguel Cardona to put together a report on his legal options.
A Great Forgiveness via Biden executive order would stir resentment and hurt Democrats' ability to defend the government from mendacious Republicans.
The Federal Family Education Loan Program is defunct, but 11.2 million borrowers have outstanding FFEL loans totaling over $248 billion.
"This is about moving forward, this is our moment of momentum. We have gotten one more piece in place," Senator Elizabeth Warren said.
In a tweet this Thursday, former White House press secretary and newly-minted Fox News contributor Kayleigh McEnany accused the press of giving President Joe Biden the respect that they refused to give Donald Trump.