The Biden administration continued its effort to extend student debt relief Thursday, erasing an additional $5.8 billion in federal loans for nearly 78,000 borrowers, including teachers, firefighters and others who largely work in the public sector.
President Joe Biden announced the cancelation of roughly $6 billion in student loans for select public sector workers. On Thursday, Biden announced student debt forgiveness for 78,000 public sector workers, including teachers, nurses, and firefighters. The total number of public sector workers Biden has forgiven student debt for is now 870,000. In total, roughly four […]
The federal government is trying to make sure eligible borrowers are able to get credit for payments made under the Public Service Loan Forgiveness program.
Because of past administrative failures, the some 78,000 affected public service workers such as nurses and teachers never got the relief they were entitled to under the law, Biden said.
Under the Public Service Loan Forgiveness program, 77,700 people working in government and non-profit jobs will see reliefThe Department of Education announced on Thursday plans to cancel $5.8bn in student debt for 77,700 public service workers who qualify under the Public Service Loan Forgiveness (PSLF) program.The program, which was created in 2007, promises student debt cancellation to graduates working full-time in public service jobs in government and the non-profit sector. The program only...
The Biden administration overall has canceled student debt for over 870,000 public service workers, which is $62.5 billion in debt forgiven, according to the White House’s announcement.
The Biden administration overall has canceled student debt for over 870,000 public service workers, which is $62.5 billion in debt forgiven, according to the White House’s announcement.
President Joe Biden unveiled another round in his steady drip of student debt write-offs on Thursday, announcing that 78,000 public sector workers would not have to repay $6 billion in loans. “From day one of my administration, I promised to fix broken student loan programs and make sure higher education is a ticket to the middle […]
The Biden administration announced it would forgive $5.8 billion in student debt for 77,700 borrowers through the Public Service Loan Forgiveness program.
Eleven states, led by Kansas Attorney General Kris Kobach (R), filed a lawsuit on Thursday against the Biden administration after the White House announced last week yet another round of federal student loan debt “forgiveness,” Fox Business reported.The lawsuit reads, “A coalition of States sues Defendant Biden, as well as co-defendants the Department of Education and Secretary of Education Miguel Cardona, to stop a second attempt to avoid Congress and pass an illegal student debt forgiveness....
In the aftermath of the Lahaina fires, homeowners’ insurance companies are abandoning their customers by the thousands, leaving them with no insurance or in some cases raising their rates astronomically.
China has filed a complaint against the Biden administration's EV incentive policy with the World Trade Organization (WTO), Bloomberg reports. New rules for the federal EV tax credit enacted in 2022 as part of the Inflation Reduction Act are "discriminatory" and "seriously distorted" the global EV supply chain, the Chinese Ministry of Commerce