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 …
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 »New Federal Student Loan Repayment Plan Aimed At Low-Income Borrowers
Ariana Figueroa, Pennsylvania Capital-Star The U.S. Department of Education unveiled a proposal Tuesday that would overhaul a federal student loan income-driven repayment plan, and, if implemented, could help millions of low-income borrowers. However, it’s unclear how the agency would be able to finance the program. Many student debt relief advocates …
Read More »Student Loan Repayment Pause Extended By White House Amid Legal Battles Over Relief Plan
Ariana Figueroa, Pennsylvania Capital-Star The Department of Education announced on Tuesday it is extending the pandemic-era pause on federal student loan repayments until June 30 while legal challenges to the administration’s student debt relief program are fought over in the courts. The agency said if the student debt relief program …
Read More »Democrats in Congress Press Biden To Extend Pause On Student Loans
Ariana Figueroa, Pennsylvania Capital-Star More than 100 congressional Democrats are urging the White House to extend the pause on student loan repayment beyond the Aug. 31 deadline. In a Thursday letter to President Joe Biden and Secretary of Education Miguel Cardona, U.S. Senate and House Democrats argue that due to inflation and …
Read More »Student loan payment pause is extended — but many lawmakers and borrowers want more
Nadra Nittle Originally published by The 19th President Joe Biden announced Wednesday that he’s extending the pandemic pause on federal student loan payments through May 1, 2022, a move that drew both quick praise from advocates and renewed calls to cancel student debt outright. A moratorium on payments has been …
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