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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 ...
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 ...
Although the Supreme Court blocked one of the president’s debt cancellation plans, his administration has forgiven billions via other policies.
The pair of student loan proposals expected to be withdrawn Friday represented Biden’s second attempt at widespread debt cancellation after the Supreme Court rejected his first plan.
On January 13, the Education Department announced $4.2 billion in debt cancellation for 152,000 borrowers, bringing the total student-debt relief under Biden to over $180 billion for 5.3 million ...
The HEROES Act allows the Secretary to "waive or modify" existing statutory or regulatory provisions applicable to financial assistance programs under the Education Act, but does not allow the Secretary to rewrite that statute to the extent of canceling $430 billion of student loan principal.
Just 11 days before the 2024 general election, Biden announced a new broad student debt relief plan. It would use newly proposed rules to authorize Cardona to cancel the debt of borrowers the ...
WASHINGTON — President Joe Biden announced Thursday that the White House has approved the cancellation of nearly $6 billion in federal student debt for thousands of public service workers.