Tag Archives: student debt relief

Shauneen Miranda, Missouri Independent The Biden administration was hit with the latest blow to its student debt relief efforts on Thursday after a federal judge in Missouri temporarily blocked the administration from putting in place a plan that would provide student debt relief to millions of borrowers. The ruling further …

Jimmy Williams A federal judge on Monday temporarily halted the Education Department from providing additional loan forgiveness under President Joe Biden’s student debt relief plan. This order affects the income-driven repayment plan known as SAVE, which was created following the Supreme Court’s rejection of Biden’s broader pandemic-era debt relief initiative. …

Jimmy Williams President Joe Biden announced this week a new initiative aimed at providing student debt relief to 160,000 borrowers, marking a significant effort by his administration to address the ongoing student debt crisis. The Education Department confirmed the cancellation of $7.7 billion in student loans for individuals who qualify …

John Cole, Pennsylvania Capital-Star Social worker Kelli Gray fought back tears Monday as she recalled the moment she realized her student loan debt had been forgiven. “I went on the FAFSA website and it was all zeroes,” Gray said. She had $350,000 worth of debt forgiven as a result of the …

Jimmy Williams The Biden-Harris Administration announced today the approval of $5.8 billion in additional student loan debt relief for 77,700 borrowers. These approvals are the result of fixes made by the Administration to Public Service Loan Forgiveness (PSLF). Today’s announcement brings the total loan forgiveness approved by the Biden-Harris Administration …

Jimmy William,s The Department of Education has unveiled a comprehensive proposal for student loan forgiveness, outlining an alternative path after the Supreme Court rejected President Biden’s initial plan for broad debt cancellation. The new approach aims to address financial hardship among federal student loan borrowers through a more bureaucratic administrative …

Seven members of Congress on Monday sounded the alarm about the Biden administration’s evolving student debt cancellation plan and called on U.S. Secretary of Education Miguel Cardona to use his authority to provide broad relief. After the right-wing U.S. Supreme Court in June struck down President Joe Biden’s initial debt …

Jimmy Williams, Polialert In a move to provide further relief to borrowers, the Department of Education announced on Wednesday the approval of nearly $5 billion in federal student loan cancellations. This brings the total student debt relief granted under the Biden administration to an impressive $132 billion, benefiting more than …

Brooklyn Draisey, Iowa Capital Dispatch All of the Republicans running for president in 2024 oppose President Joe Biden’s efforts to forgive college debt. Some — but not all — of them have offered their own ideas to make higher education more affordable. The pause on student loan repayments that began …

President Joe Biden is exploring new student debt relief programs designed to assist various categories of borrowers. These initiatives come in the wake of the Supreme Court’s decision to invalidate Biden’s previous attempt at mass loan forgiveness. On Monday, the Education Department unveiled the text of these proposals, detailing four …

Ariana Figueroa, Florida Phoenix As federal student loan repayments restart, the Biden administration Wednesday announced an additional $9 billion in student loan forgiveness for 125,000 borrowers. “For years, millions of eligible borrowers were unable to access the student debt relief they qualified for, but that’s all changed thanks to President …

Casey Quinlan, Wisconsin Examiner Complaints about student debt relief scams are increasing as the date approaches for borrowers to restart payment on their student loans after more than a three-year pause. Consumer protection advocates say that the Biden administration’s student debt relief efforts, the subsequent halting of those policies by …

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 …

A federal judge in Michigan has rejected an effort by a pair of right-wing think tanks to stop the Biden administration from canceling the student debt of roughly 804,000 borrowers who have been making payments on their loans for more than two decades. In an 18-page decision on Monday, U.S. …

The Biden administration is introducing a beta website for its new income-driven student loan repayment plan, called the Saving on a Valuable Education (SAVE) plan. This initiative aims to improve the federal student loan system, providing relief to borrowers as federal student loan payments are set to resume in October. …