The action applies to more than 43 million Americans who owe a combined $1.6 trillion in student debt held by the federal government, according to the latest data from the Education Department. That includes more than 7 million borrowers who have defaulted on student loans, meaning they are at...
Continue "pause" on student loan payments until September 30.The Biden advisers continue to assert Biden still supports his campaign pledge to cancel $10,000 ofstudent loans, but this will take time as it has to go through Congress. Environment Rejoin the Paris Climate Agreement. The Paris cli...
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...
The Biden administration is extending the pause on student loan payments until no later than June 30, 2023, as theadministration's plan to forgive up to to $20,000 in loansis held up in court. President Biden announced the extension Tuesday in a video posted to the White House Twitter acc...
Other White House officials have been mum when asked for updates on whether Biden will forgive any amount of student loans by executive action. Top economic adviser Brian Deese said he didn’t have anything new to share on student loans, adding on Tuesday that “the president spoke to the ti...
Since President Joe Biden's first day in office, federal student loan borrowers have been eager to see if and when he will follow through on his campaign promise to cancel $10,000 of loans per borrower as part of hisEmergency Action Planamid the ongoing pandemic. On Aug. 24, 2022, he ...
Today, by simply signing an executive order, President Biden can make that dream a reality. When the Department of Education was first given the power to issue student loans, it was also granted the power to “compromise, waive, or release any right” to collect on them, an authority ...
his campaign, Biden called for forgiving at least $10,000 in federal student loans per person. However, other Democrats, including Senate Majority Leader Charles Schumer (D-N.Y.), have pushed him to go as high as $50,000 per borrower or to cancel debt entirely through executive action. ...
Since taking office, President Joe Biden has enacted nearly $15 billion worth of student loan forgiveness via executive action, according to the Department of Education.
Trump’s order froze the accrual of interest on federal student loans, effectively freezing $1.6 trillion in debt owed by more than 40 million Americans. Biden officials to brief lawmakers on semiconductor supply chain risks Bidensaid on Wednesday that “the economy was barely growing” when he ...