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...
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
Here's how you can take advantage of forgiveness through SAVE if you haven't already.
by Suzette Smith The Mercury provides news and fun every single day—but your help is essential. If you believe Portland benefits from smart, local journalism and arts coverage, please consider making a small monthly contribution, because without you, there is no us. Thanks for your support! Good Morning, Portland! It's Friday. And looking at the weather, it's just gonna be nice forever now. High of 66-degrees today. 72 on Saturday! Mid-50s to 70s all...
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 […]
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What makes a first-generation college student? Well, that depends on who’s doing the defining. Yes, there’s the federal definition: a student is first-generation if neither parent has a bachelor’s degree. Sounds simple enough. But it doesn’t account for those who had a highly educated parent who wasn’t involved in their lives, or those whose parent […]
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.
I don’t get it and I’m hoping you can help me figure it out. Why do Republicans oppose President Biden’s efforts to cancel student debt?This Tuesday, seven states, led by Missouri’s Republican Attorney General, sued the Biden administration to stop his most recent attempt to reduce student debt. In a separate lawsuit, ten other Republican-controlled states filed a separate lawsuit to try to block the same Biden effort.The week before, somebody slipped this little gem into Maria Cantwell’s...
The Biden administration is canceling student loans for another 206,000 borrowers as part of a new repayment plan that offers a faster route to forgiveness. The Education Department announced the latest round of cancellations Friday in an update on the progress of its SAVE Plan. More people are becoming eligible for student loan cancellation as they hit 10 years of payments, a new finish line for some loans that’s a decade sooner than what borrowers faced in the past. Casting a shadow over the...
More people are becoming eligible for student loan cancellation as they hit 10 years of payments, a new finish line for some loans that’s a decade sooner than what borrowers faced in the past.
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 […]