Tag Archives: Student Loans

Interest accrual on the debt of nearly 7.7 million student loan borrowers enrolled in the Saving on a Valuable Education plan will resume Aug. 1, the U.S. Education Department said Wednesday. The Biden-era income-driven repayment plan better known as SAVE saw legal challenges from several GOP-led states beginning in 2024, …

Students and families could see significant changes to how student loans are repaid as well as cuts to federal student aid as congressional Republicans look to slash billions of dollars in federal spending to offset the cost of President Donald Trump’s sweeping agenda. Republicans are using the complex reconciliation process …

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 …

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 …

The bipartisan debt ceiling deal, if enacted into law, will disappoint borrowers hoping for an extension of the federal student loan payment pause. The Biden administration had previously extended the pause multiple times, but this time, Education Secretary Miguel Cardona may not have the authority to do so. The bill …

Luke Clausen, Iowa Capital Dispatch Back in Washington after a week in their districts, members of Iowa’s congressional delegation focused this week on student loans. The Iowa Republicans also worked on issues dealing with first responders, transgender athletes, cattle pricing, parents’ rights, China and more. Sen. Chuck Grassley and Minnesota …

The Supreme Court hears oral arguments Tuesday in two cases to determine whether President Joe Biden can lean on a 2003 law to fulfill a campaign promise and forgive up to $20,000 in student loans for millions of borrowers nationwide. The justices are set to decide not only if the …

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 …

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 …

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 …

President Joe Biden is nearing a decision on whether to cancel some federal student debt, and multiple media reports say the announcement will come as soon as today. The expected announcement comes just one week before the years-long pause on federal student loan payments is set to expire on Wednesday, …

Jessica Corbett, Common Dreams With just 10 days until a moratorium on federal student loan payments is set to expire, Education Secretary Miguel Cardona said Sunday that “within the next week or so” the American people will hear from the Biden administration about any future action it will take to …

With only two weeks before a pandemic-related pause on federal student loan payments expires, progressive lawmakers and organizations on Wednesday reiterated demands for U.S. President Joe Biden to finally take sweeping debt cancellation action. While Biden only campaigned on forgiving $10,000 per borrower and has reportedly considered setting an income …

The Department of Education announced Tuesday it would discharge $3.9 billion in federal student loans that borrowers received to attend ITT Technical Institute (ITT). The Education Department’s latest round of automatic student debt forgiveness applies to federal loans used to attend ITT between Jan. 1, 2005 and its closure in September …