Ariana Figueroa, Arkansas Advocate U.S. Senate Republicans on Wednesday night failed to garner enough votes to block a new Biden administration rule on an income-driven repayment plan for federal student loans. The resolution did not pass, 49-50. Sen. Joe Manchin III of West Virginia was the sole Democrat who joined …
Read More »Biden Administration Launches New Income-Driven Student Debt Repayment Plan
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. …
Read More »As Supreme Court Considers Student Loan Forgiveness, States May Expand Their Programs
Elaine S. Povich As the U.S. Supreme Court mulls the constitutionality of President Joe Biden’s broad student loan forgiveness plan, lawmakers in many states are looking to expand their own student debt repayment programs. Every state but North Dakota has at least one loan forgiveness plan. The catch is that …
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