Jimmy Williams In a significant move aimed at easing the financial burden on thousands of student loan borrowers, the White House has announced the forgiveness of an additional $7.4 billion in student loan debt. This latest relief effort, unveiled by the Biden administration, is expected to benefit approximately 277,000 borrowers …
Read More »GOP Lawmakers Move to Block Biden’s Helping Hand to Student Loan Borrowers
Julia Conley, Common Dreams Just as the Biden administration announced this week that 4 million people have enrolled in its new income-driven repayment plan for student loan borrowers just two weeks after it was launched, Republican lawmakers in Congress announced plans to rip the debt relief away from Americans—saddling them …
Read More »Here’s What To Know About New Federal Policies For Repaying Student Loans
Ariana Figueroa, NC Newsline Following the Supreme Court’s summer ruling against 40 million federal student loan borrowers who would have qualified for debt relief, the Biden administration crafted a-year-long delay in repayments. The policy, known as an on-ramp, is set to begin next month. Additionally, hours after the Supreme Court’s …
Read More »Biden Administration Reveals New Student Loan Repayment Plan
The Biden administration has introduced a new initiative to address student loan debt after the Supreme Court blocked a plan to eliminate $10,000 to $20,000 in debt for borrowers. The Department of Education will implement a revised income-driven repayment (IDR) plan called “Saving on A Valuable Education” (SAVE), which aims …
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