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 for some of the 43 million Americans who borrowed to attend college. The U.S. Department ...
The Trump administration is likely to be less lenient toward student loan borrowers, and it may roll back affordable repayment plans or other forgiveness programs. Existing student loan forgiveness programs to consi...
President Joe Biden speaks on student loan debt forgiveness, in the Roosevelt Room of the White House, Oct. 4, 2023, in Washington. Biden's second attempt at student loan cancellation is moving forward as a group of negotiators meets Oct. 10 to debate what a ne...
After the Supreme CourtblockedBiden's sweeping student loan forgiveness plan in June, his administration has explored all of itsexisting authorityto leave people withless education debt. It has now canceled debt for almost 3.9 million borrowers, totaling $138 billion in relief. More from Personal F...
Update: Supreme Court Blocks President’s Plan to Forgive Student Loans The U.S. Supreme Court voted 6-3 against President Biden’s broad student loan forgiveness plan on Friday, June 30, 2023. Republicans filed six lawsuits to try to block the President’s plan. Four of these lawsuits were...
President Biden responds to the Supreme Court's decision on student loan forgiveness June 30, 2023 08:00 AM GMT+8 - Updated July 01, 2023 06:19 AM GMT+8 President Biden unveils his administration's new plan for student debt relief
Biden administration kicks off student loan forgiveness process The Biden administrationreleased its first updateon debt forgiveness last week, announcing that 8 million borrowers may be eligible for relief without applying or taking any further action, unless they choose to opt out. This is because ...
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....
Let's break down the four main ways to get student loan forgiveness for teachers, what the other options are, and how to get professional help if you want it. Would you like to save this? We'll email this article to you, so you can come back to it later! I agree to be sent ema...
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...