Roughly 8 million borrowers have already completed the debt forgiveness process by completing the beta application, Biden said. His administration launched it Friday afternoon, with a note that the Department of Education was “accepting applications to help us refine our processes ahead of the officia...
President Biden highlighted the new debt-relief site in a pressbriefingon Monday, saying the forgiveness program is now open and calling it a "game-changer for millions of Americans." On Friday, the Education Department opened a beta version of the application and on Monday went live with the...
That said, the lawsuit has already pushed back the opening of the loan forgiveness application, which the administration originally said would be available in “early October.” Now, they’ve promised the court that no student loan debt will beuntil at least Oct. 23. ...
The plan for a one-time loan forgiveness program was struck down by the Supreme Court. Update June 30, 2023 Today the Supreme Court struck down the Biden Administration's plan for federal student loan forgiveness. The plan would have canceled up to $20,000 in federal student loan debt fo...
U.S. President Joe Biden speaks about student loan debt forgiveness in the Roosevelt Room of the White House in Washington, D.C., on Aug. 24, 2022. Evan Vucci | AP The Biden administration announced Friday that it will forgive $7.4 billion in student debt for 277,000 borrowers. ...
To be clear, all of this is public information. The White House isn't breaching anyone's privacy by tweeting out these representatives' PPP debt forgiveness numbers. Even so, the subjects of its posts would probably prefer it if their hypocrisy wasn't laid out quite so clearly. ...
The FBI is warning that cyber criminals and scammers could start targeting former students who are seeking debt relief under US president Joe Biden's student loan forgiveness program. Under the Student Loan Debt Relief Plan (2022 SDRP) for individuals with incomes below $125,000, or joint filer...
{My student debt is being forgiven through the Public Service Loan Forgiveness program. I never would have gotten to this point without the help of the National Student Debt Forgiveness Center. They changed my family's life! Frank V. Social Worker, NYC {With their help, I was granted f...
debt relief for more than 1.6 million borrowers.7However, in November 2022, federal courts issued orders blocking thestudent loan forgivenessplan.8On June 30, 2023, the Supreme Court ruled that the Biden administration lacked the authority to cancel up to $20,000 federal student debt per ...
000 in student loan debt for borrowers withPell Grantsand $10,000 for other borrowers at a cost of $430 billion. On June 30, 2023, the Supreme Court struck down this plan in a 6-3 decision. The justices in the majority found the forgiveness program overstepped the bounds of federal law...