The Biden-Harris administration has indicated that it will pursue student debt cancellation again, seeking authorization through the Higher Education Act of 1965. The Department of Education has set up a Student Loan Debt Relief Committee to discuss a new debt forgiveness proposal between October and ...
As Biden begins to wrap up his final months in office, where do his potential successors stand on the issue of student loan forgiveness? As Biden's vice president, Kamala Harris has been supportive of his efforts to cancel student loan debt. Her campaign...
Biden announced in August that his administration would cancel up to $20,000 in education debt for huge numbers of borrowers. The announcement immediately became a major political issue ahead of the November midterm elections. READ MORE: How to apply for student loan debt forgiveness The states'...
The plan would have canceled up to $20,000 in federal student loan debt for some of the 43 million Americans who borrowed to attend college. The U.S. Department of Education previously announced that the student loan payment pause that was implemented due to the COVID-19 pandemic would en...
Student loan forgiveness has been a hot congressional topic, peaking in response to the added financial constraints of the COVID-19 pandemic and successive attempts by federal actors to alleviate, or continue, the often devastating loan burden. ...
Remember that these temporary benefits apply only to federal student loans and not private student loans. Good luck! Read more about theCOVID-19 student loan relief plans here. UPDATE:As of August 8th, 2020 President Trump directed the Secretary to suspend loan payments, stop collections and wai...
Whether or not another pause (more on that later) or loan forgiveness is on the horizon, some borrowers can already have some debt relief. The Department of Education recently announced nearly 100,000 people are eligible for student loan cancelation due to changes made to the Public Service Lo...
Nahmias noted that the Supreme Court only needs to find that one of the plan's challengers has legal standing in order to reach the larger question of whether the Biden administration had the authority to cancel student loan debt. But "states just don't have a right to bring this case,"...
adjustment, enrolling in an IDR plan now is very important, says Mike Pierce, executive director of the Student Borrower Protection Center, a nonprofit that advocates for student debt relief. This will allow borrowers to continue making progress toward IDR loan forgiveness once payments restart, ...
Within days, millions of Americans are expected to be able to take their first steps to cancel up to $20,000 in debt under President Joe Biden's federal student loan forgiveness program -- a multibillion-dollar initiative cheered on by advocates but which already faces legal challenges. The...