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 year after the Supreme ...
Under the interest-specific loan forgiveness plan, regardless of income, any Americans with federal student loans would be eligible for a one-time "cancel[ation] up to $20,000 of the amount a borrower's balance has grown due to unpaid interest on their loans after entering repayment," the ...
Many advocates initially anticipated that the Biden administration would put forth a proposalmirroring the previous debt forgiveness plan. That plan would have erased up to $10,000 in federal student loans for all borrowers making less than $125,000 per year, or couples making less than a combin...
In response tostudent loan forgiveness getting struck down, the federal government has put a few different initiatives in place to make student loans easier to manage. TheBiden-Harris SAVE planwas a welcome step in August 2023. It offers more affordable monthly payments for some borrowers, no pa...
NEW TEACHERS TO GET A LIFT: FORGIVENESS OF STUDENT LOANS.(Local)Yettick, Holly
What’s next with the new Biden student loan forgiveness plan in 2023? At this point the New REPAYE proposal is just that, a proposal. The Department of Education “expects to finalize the rules later this year and aims to start implementing some provisions later this year, subject to any...
(HealthDay)—Changes to the student loan environment will make it possible for a significant amount, if not all, of medical student loans to be forgiven, according to an article published May 8 in Medical Economics.
He said the sense of community was lost when schools closed early in the pandemic, and that in-person instruction "should not be sacrificed for ideology." — Cardona declined to speculate on what the administration’s new student loan forgiveness proposal might look like or whether a final regu...
Student loan borrowers who have been in a holding pattern now have new options for their payment plans. Ongoing lawsuitshave placed millions of borrowers enrolled in theSaving for a Valuable Education (SAVE)planinto forbearanceand thrown student loan forgiveness initiatives...
Additionally, the proposed rule wouldn't reset the repayment duration required for forgiveness after borrowers consolidate their student loans, as the current options require. Forbearance expansion. It would also broaden borrowers' opportunities for loan forgiveness by giving them credit for periods of de...