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 …
Read More »Biden’s New Student Debt Relief Programs: Who’s Eligible?
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 …
Read More »Student Debt Relief Scams On The Rise. Here’s What Borrowers Need To Know.
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 …
Read More »What the Bipartisan Debt Ceiling Deal Means for Federal Student Loan Borrowers
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 …
Read More »Senators Grassley, Smith Introduce Bipartisan Student Loan Legislation
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 …
Read More »Supreme Court To Hear Arguments On Biden Student Debt Relief Program
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 …
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 »Dept. of Education Reverses Course On Some Student Loan Forgiveness
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 …
Read More »Report: Biden To Announce Student Loan Cancellation, Payment Pause Extension
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, …
Read More »Education Secretary Says Expect Student Loan Announcement ‘Within the Next Week or So’
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 …
Read More »Two Weeks Before Payments Resume, Progressives Tell Biden ‘Time to Cancel Student Debt’
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 …
Read More »Education Department Cancels $3.9B in Federal Loans for ITT Tech Students
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 …
Read More »Report: Biden To Forgive $10,000 In Student Debt Per Borrower
President Joe Biden is planning to forgive $10,000 in student debt per borrower, a central campaign promise that would relieve debt for millions of Americans, The Washington Post reported. Biden’s proposal, however, is still not finalized. The announcement of the president’s plan to address the $1.7 trillion currently owed to the federal …
Read More »Student Loan Borrowers In Default Get A ‘Fresh Start’ On Payments
In addition to announcing an extension of the pause on federal student loan payments, the Department of Education also announced it would allow all borrowers with paused loans in default to receive a “fresh start” by returning them to good standing when payments resume. According to a statement the Department released, …
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