The U.S. Department of Education announced Friday it “will begin notifying more than 804,000 borrowers that they have a total of $39 billion in Federal student loans that will be automatically discharged in the coming weeks.” For far too long, borrowers fell through the cracks of a broken system that failed to keep accurate track […]
Tag: Student loan Forgiveness
Will the Supreme Court rule against Biden’s Student loan plan?
On Friday, President Joe Biden asked the United States Supreme Court to revive his administration’s student-loan relief plan shortly after a lower court ruled it was illegal. The announcement, which was expected, presents a unique test for the conservative majority, which finds itself in a partisan deadlock between the Democratic administration and the cadre of […]
Texas judge strikes down Biden loan-forgiveness plan
A U.S. judge in Texas on Thursday blocked President Joe Biden’s plan to provide millions of borrowers with up to $20,000 apiece in federal student-loan forgiveness — a program that was already on hold as a federal appeals court in St. Louis considers a separate lawsuit by six states challenging it. District Court Judge Mark […]
White House refuses to explain who will pay for Biden’s $500B handout
President Biden and White House officials remain silent about how they plan to pay for the cancelation of between $10,000 to $20,000 in student debt for millions of Americans. Despite unveiling the policy last week, administration officials have yet to explain how Biden’s student loan handout will be paid for in the long term. Economists […]
Biden allies oppose student loan forgiveness plan
President Biden’s move to cancel student debt was long-expected — but the scope of the effort was not. The expectation of $10,000 in student loan cancellation was widely reported in the lead-up to Wednesday’s news, but the final package included an additional $10,000 in forgiveness for Pell Grant recipients. The administration also laid out a […]
President Biden is expected to announce college loan forgiveness today
President Biden is expected to announce a much-anticipated loan forgiveness program Wednesday, sources familiar with the plan told the Associated Press. Americans are poised to foot a nearly $300 billion deal with President Biden’s expected announcement on Wednesday to forgive thousands in federal student loan debt and extend a repayment pause to next year. According […]