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The White House said Friday it approved another $4.28 billion in student debt cancellation for 54,900 additional public service workers in what could be one of the Biden Administration's final act ...
That’s about one-third of the amount of student loan debt that would have been canceled by the forgiveness program rejected by the high court, which would have canceled up to $20,000 for ...
Biden's initial plan sought to provide up to $10,000 in debt relief, and up to $20,000 for Pell Grant recipients, for people who make less than $125,000 a year — which was estimated to cost more ...
The Biden administration began loosening those rules beginning in 2021, and has so far cleared $73.7 billion of debt though the program. How Trump will handle PSLF going forward is unclear.
In August 2022, the administration used the Act again to announce student debt cancellation of up to $20,000 and several other reforms. [7] [16] Following litigation brought by several Republican-led state governments, the Supreme Court ruled in Biden v. Nebraska (2023) that the statute did not permit the administration's debt forgiveness ...
Recently, the Biden administration announced an additional $7.7 billion in loan debt relief was approved for 160,500 borrowers. This will bring the total amount of debt forgiveness up to $167 ...
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