2. Public Service Loan Forgiveness Navigating thePublic Service Loan Forgivenessprogram has been famously difficult. The program, signed into law by former President George W. Bush in 2007, allows employees of the government and certain not-for-profit entities to have their federal student loans dis...
The Supreme Court struck down a plan that would've given $20,000 in federal student loan forgiveness to many borrowers.
The main thrust for the latest round of student loan forgiveness proposals is to target accrued and capitalized interest on student loans. According to the Biden administration, 25 million Americans who used federal student loans now owe more than they originally borrowed because of the interest char...
President Joe Biden has forgiven $168.5 billion in student loans for 4.76 million borrowers. The White House is also trying to pass a student loan forgiveness 'Plan B' — but you shouldn’t count on it yet.
TheAmerican Rescue PlanAct of 2021 madestudent loan forgivenesstax-free at the federal level throughthe end of 2025. President Joe Bidenwants to extend that policy indefinitely. While the president continues to try to deliver on a sweeping federal student loan forgiveness plan, tucked into his20...
000 in student debtfor each loan holder, Mr. Biden will not go that high. Instead, he announced a plan to cancel up to $10,000 in federal student loan debt per borrower and an additional $10,000 for recipients of Pell Grants. When enacted, that forgiveness couldcost the U.S. ...
Six state attorneys general recentlyfiled a lawsuitagainst the Biden administration and its mass student debt cancellation. Considering the Department of Education's original guidance for how borrowers with FFEL and Perkins loans could get student loan forgiveness, the lawsuit alleged that this instructio...
Ted Cruz, who called some beneficiaries of student loans "slackers." Asked Biden, "Who the hell do they think they are?" Judge blocks GOP-led effort to stop student loan forgiveness U.S. President Joe Biden gives remarks on student debt relief at Delaware State University on October 21, ...
The Biden administration has now canceled loans for more than 1 million public workers 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, Kam...
The same daythe Supreme Court blockedPresidentJoe Biden's first attempt at sweeping student loan forgiveness, Biden announced that the White House would try to deliver the relief another way. With the hope that this aid package survives the inevitable next round of legal challenges, the Education...