Despite the Republican-led legal challenges that have so far stymied the president from implementing wide-scale student loan relief, his administration has still managed to cancel more of the debt than any other before it. Mainly through fixes to long-troubled loan relief initiatives, the Biden ad...
President Joe Biden on Tuesday said he is forgiving $130 million in student debt for 7,400 borrowers who attended CollegeAmerica in Colorado, a defunct for-profit college that shut down in 2020 after misleading students about their career prospects and loans. The debt will be forgiven ...
Primarily application-based relieffor current and future borrowers with demonstrated, persistent hardship "The rules proposed by the Biden-Harris Administration today would provide hope to millions of struggling Americans whose challenges may make them eligible for student debt relief," Secretary of Educ...
No compatible source was found for this media. News President Biden responds to the Supreme Court's decision on student loan forgiveness June 30, 2023 08:00 AM GMT+8 - Updated July 01, 2023 06:19 AM GMT+8 President Biden unveils his administration's new plan for student...
President Joe Biden is moving forward with his plan to cancel federal student loan debt, but this time through other means. The U.S. Supreme Courtruled in Junethat Biden’s previous debt forgiveness plan — which relied on the Higher Education Relief Opportunities for Students Act of 2003 (HE...
000 in debt per borrower. But with the debt-relief program stopped in its tracks by legal challenges — and now headed for the conservative-leaning Supreme Court — the Education Department said it is moving forward with the other part of its plan, which will overhaul IDRs with the g...
The application for debt relief was shut down shortly after, in mid-November -- despite confidence from the White House and legal experts who argued that there was still no legal standing for those who opposed the plan, even if they disagreed with it politically, beca...
Beyond its financial implications, the plan carries significant political weight for President Biden, who championed the cause of tackling student loan debt as a key promise during his 2020 campaign, aiming to galvanize younger voters. However, Biden’s debt relief plan faces a formidable hurdle in...
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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...