In this round of forgiveness, more than 206,000 borrowers will collectively get $3.6 billion in debt erased through the Biden administration's newSaving on a Valuable Education, or SAVE, plan, due to the provision that allows for debt forgiveness after shorter periods than other income-dri...
In his State of the Union address Thursday night, PresidentJoe Bidentalked up his administration's work to forgive the student debt ofnearly 4 million people. "When I was told Icouldn't universally just change the way in which we dealt with student loans," Biden said, "I fixed two studen...
CollegeAmerica borrowers "were lied to, ripped off and saddled with mountains of debt," President Biden said in a statement on Tuesday.The debt relief comes weeks after the Supreme Court invalidated the Biden administration's plan for broad-based student loan forgiveness, which would have erased ...
The Biden administration scaled back eligibility for itsstudent loan forgiveness planThursday, the same day six Republican-led states sued President Joe Biden in an effort to block his student loan forgiveness plan from taking effect. Borrowers whose federal student loans are guaranteed by the governme...
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...
Six Republican-led states are suing the Biden administration to try and halt its plan to forgive student loan debt for millions of Americans.
The administration also extended the current student loan payment pause, which was set to expire at the end of this month. Now, student loan borrowers will not need to resume their payments until January 2023. "Earning a college degree or certificate should give every person in America a leg...
On Friday, the U.S.Supreme Courtruled that PresidentJoe Biden’scontroversial executive order to forgive millions of student loans exceeded the powers of the President as enumerated by the Constitution. The Biden administration had argued before the Court that it had acted la...
Kansas and South Carolina -- argued the program was executive overreach. The administration, citing COVID's impact, pushed back the plan was lawful under the 2003 law HEROES Act, which states the government can provide relief to recipients of student loans when there is a "national emergenc...
calling it “unlawful.” The judge, who was appointed by former President Trump, concluded that the program was a “complete usurpation” of the authority of Congress. The current administration’s argument that the Heroes Act gave them the right to forgiveness of student loans broadly was struc...