The Supreme Court struck down a plan that would've given $20,000 in federal student loan forgiveness to many borrowers.
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...
Although this student loan forgiveness plan ismore targeted than the president's initial effort, which was ultimately blocked by the Supreme Court last summer, tens of millions of borrowers stillstand to benefit. Here's what people are saying about Biden's Plan B for student loan forgiveness....
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...
Student loan forgiveness is not guaranteed, and there are many assistance resources to help you repay your loans. At the end of 2020, with federalstudent loan interestand principal payments paused and total student loan debt reaching $1.69 trillion, Joe Biden became president and brought with him...
President Joe Biden once again is trying to deliver widespread student debt forgiveness, with anew planunveiled on Monday that could help about 30 million borrowers erase some or all of their college loans. The latest attempt at broad debt relief comes less than a ye...
How pandemic pauses on student loans have saved my finances Copied College graduation season is in full swing and many graduates are leaving school with major debt from student loans. President Biden has promised to help with loan forgiveness, but his proposal has Republicans calling the push a ...
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...
President Biden this week revived the possibility of wiping out millions of Americans' student loan debt with the stroke of a pen, a policy that could cost the federal government $321 billion.
President Biden announced a new IDR plan on June 30, 2023, in response to the same-day Supreme Court decision that halted his previous student loan forgiveness plan. Called the Saving on a Valuable Education plan (SAVE), it offers enhanced financial benefits to student loan borrowers.1Three im...