U.S. President Joe Biden speaks about student loan debt forgiveness in the Roosevelt Room of the White House in Washington, D.C., on Aug. 24, 2022. Evan Vucci | AP The Biden administration announced Friday that it will forgive $7.4 billion in student debt for 277,000 borrowers. Th...
In 2023, the Supreme Court blocked the president's plan to deliver wide-scale student loan forgiveness for tens of millions of borrowers. But the Biden administration still managed to wipe away a large share of the country's outstanding student debt by improving the U.S. Department of Educatio...
The Biden administration announced a new student loan debt relief initiative after the Supreme Court struck down his $400 billion handout plan to cancel balances of $10,000 to $20,000.
Student loan borrowers with significant amounts of debt received some welcome news this week after the White House revealed the approval of$7.7 billion in student loan forgiveness. The latest round of forgiveness will extend to 160,500 additional borrowers. In total, the B...
The Biden administration's efforts to erase student debt for the46 millionAmericans who are carrying college loans haverepeatedly hit legal roadblocks. Now, the Department of Education is rolling out a new plan that could provide debt relief to 8 million borrowers who are suffering from financial ...
After Biden’s first attempt at widespread student loan cancellation was struck down by the Supreme Court last year, he proposed a more targeted plan offering relief to certain categories of borrowers. The Biden administration has separately erased student debt for about 4 million people ...
Sen. Mike Lee, R-Utah, discusses Biden's student loan handout plan and responding to the border crisis on 'Kudlow.' Seven GOP-led states have filed a lawsuit challenging theBiden administration’smost recent student debt forgiveness plan, accusing the U.S. Department of Education (DOE) of ...
Department of Education announced it would discharge $5.8 billion in student loans held by more than 300,000 disabled Americans. That’s the third round of student debt forgiveness announced since the Joe Biden administration took power. In total, the Department of Education says its has...
President Joe Biden on Wednesday will announce $1.2 billion of student debt relief for nearly 153,000 borrowers — and he’s sending emails to make sure they know whom to thank for it. The administration’s latest tranche of loan forgiveness covers borrowers who are enrolled in Biden’s new...
According to the memo, the Biden administration has eliminated most collection fees on federal student loans. In early 2024, it also took steps to protect a higher amount of people's Social Security benefits from the department's collection powers. When the consequences of defaults resume, those...