In August 2022, the Biden administration attempted to cancel up to $20,000 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 ...
Students and borrowers can benefit from President-elect Joe Biden's plans for student loan debt, the Pell Grant and tuition-free college.
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...
Still, Biden forgave $183.6 billion in student debt during his administration. You must make other plans for repaying your student debt if you were counting on plan B relief. President Donald Trump administration is likely to be less lenient toward student loan borrowers, and it may roll...
If you're already in default, or expect you may be once the Covid forbearance period ends on federal loans, don't wait and contact your servicer today to see what your options are. Read more President Biden’s executive order extends federal student loan payment freeze through September—wha...
Several aid programs have contributed to the total debt relief, each targeting different borrower groups and circumstances. Here is a summary of some of these programs to help you determine what the Biden administration's student loan forgiveness efforts mean for you. Subscribe to Kiplinger’s ...
Income-driven repaymentcan be good for those with high loan balances and low incomes. It’s also a smart strategy for borrowers who are struggling with their payments and don’t want torefinancetheir student loans and those who want to avoid enteringdefermentorforbearance. ...
As of September 2024, The Biden-Harris Administration has provided $168 billion in debt relief to about 4.7 million student loan borrowers. In the summer of 2023, the Supreme Court ruled to strike down Biden’s student loan forgiveness program, which would have canceled up to $20,000 of deb...
Student loan scams stole anestimated $5 billion in 2022alone. And with payments resuming and the Biden administration making moves towards smaller-scale loan forgiveness, scammers are looking at another profitable year of using student loan lies to make money. Here’s what you need to know ...
The King’s College Launches ‘Go-Forward Plan’ In An Effort To Reopen The Diamondback Anonymous donor pledges $10 million to support Maryland men’s basketball Jan 28, 2025 Politico Trump team eyes quick rollback of Biden student debt relief NC Newsline UNC-CH faculty push for gui...