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...
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.
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...
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....
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...
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...
The Department of Education just shared the first draft of the proposal’s rules, and there’s a lot to break down.
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.