Tag Archives: Student Loan Forgiveness

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 …

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 …

The Supreme Court is about to make a decision regarding President Joe Biden’s plan to forgive student loans. If the plan is approved, it could eliminate up to $20,000 in federal student loans for many Americans who earn less than the income threshold set by the plan. Some borrowers may …

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 …

Henry Redman, Wisconsin Examiner U.S. Supreme Court Justice Amy Coney Barrett denied an application by the right-wing Wisconsin Institute for Law & Liberty (WILL) to have the court strike down President Joe Biden’s plan to forgive some student loans. WILL’s lawsuit, on behalf of the Brown County Taxpayers’ Association (BCTA), …

A change in the White House’s student loan forgiveness plan means millions of Americans no longer qualify. The Education Department announced Thursday it would no longer allow borrowers with privately held student loans to receive debt forgiveness. Previously, people with the loans – known as Perkins loans and Federal Family …

Elaine S. Povich Indiana will apply state income taxes to federally forgiven student loans, joining North Carolina and Mississippi, diminishing the benefit to borrowers who live in those states. A handful of other state revenue agencies are considering doing the same. While President Joe Biden’s order last month forgiving student …

Five years after Senate Minority Leader Mitch McConnell aggressively pushed a $1.9 trillion tax cut package that disproportionately benefited corporations and the wealthiest Americans, progressives on Wednesday were uninterested in his complaints about President Joe Biden’s cancellation of some student debt for working Americans. “You should sit this one out,” …

The U.S. Department of Education has announced another round of student loan forgiveness for scholars who were tricked into debt to fund their education. Last week the agency announced $415 million in student loan debt from select borrowers would be canceled. Almost 16,000 people claimed to have been swayed into …

On Wednesday, the U.S. Department of Education announced an overhaul of the Public Service Loan Forgiveness (PSLF) Program that it will implement over the next year to make the program live up to its promise. This policy will result in 22,000 borrowers who have consolidated loans—including previously ineligible loans—being immediately eligible …

President Joe Biden has sent an inquiry to Education Secretary Miguel Cardona about his legal authority to cancel student loan debt. “He asked his secretary of Education, who’s just been on the job a few weeks, once he got on the job to have his department prepare a memo on the …