In the challenge from the states, a federal district court in St. Louis dismissed the case, finding they did not have the legal standing to bring the suit. But an appeals court blocked the loan forgiveness program, finding that Missouri was harmed from the financial losses the debt cancellatio...
Brown does not qualify for debt relief, as her loans are held by commercial entities, and Taylor is eligible for $10,000 in loan forgiveness. The borrowers claim the education secretary improperly promulgated the plan without the notice-and-comment process, depriving them of the opportunity to c...
During the 2020 presidential campaign, then-candidate Joe Biden pledged a student loan forgiveness plan. Biden's proposal came as Congress approved and Donald Trump signed the CARES Act, which paused payments and interest for borrowers in the midst of the COV...
As the White House’s student loan forgiveness program faces ongoing legal battles, refund checks are being sent to borrowers who made student loan payments during the COVID-19 pandemic. The checks come after the CARES Act paused payments for federal student loan borrowers during the COVID-19 p...
The Supreme Court struck down a plan that would've given $20,000 in federal student loan forgiveness to many borrowers.
You can consider one of the following strategies while loan forgiveness plans are being fleshed out. 1. Refinance your private student loans Interest rates have fallen over the past year, so if you have private student loans, you’ll want to at leastconsider a loan refinanceCheck your current...
The biggest benefit of student loan forbearance or deferment is that you get a break when you need it most. In the case of COVID student loan relief, you're given a grace period where you won't have to pay interest. If you have some type of loan forgiveness, such aspublic service lo...
Due to a payment provision made to the Public Service Loan Forgiveness program, 77,700 borrowers had their federal debt forgiven. An additional 380,000 public servants were also notified of their future forgiveness under the program. Read more:President Biden just forgave another $5.8 billion in ...
Student loan forgiveness 2024 Before diving into the various loan forgiveness plans, it helps to review some background. During the COVID-19 pandemic, the Biden administration unveiled a broad student loan forgiveness plan. The plan proposed forgiving up to $10,000 of student loan debt for eli...
1, when payments on federal student loans are scheduled to restart after a pause during the pandemic. WILL STUDENT LOAN FORGIVENESS DEFINITELY HAPPEN? Things could get more complicated, depending on the outcomes of several legal challenges. The Biden administration faces a growing number of lawsuits...