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 […]
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.
Announcement is latest in series of debt cancellations as president addresses key issue for young voters ahead of November electionThe Biden administration will cancel $7.4bn in student debt for 277,000 borrowers, the White House said on Friday, the latest in a series of debt cancellations.Joe Biden announced plans on Monday to ease student debt 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 November....
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
Buying Votes: Biden Cancels Student Debt For 277,000 Borrowers Ahead Of Presidential Elections On Friday, President Joe Biden announced that he would cancel the federal student debt of more than 277,000 Americans, equating to about $7.4 billion. This would bring the total of what is considered classical vote buying ahead of the November presidential elections to more than $153 billion, or forgiving the debt of 4.3 million people. The majority of the 277,000 Americans who were...
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 […]
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 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.