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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 ...
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The pair of student loan proposals expected to be withdrawn Friday represented Biden’s second attempt at widespread debt cancellation after the Supreme Court rejected his first plan.
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 ...
Biden's Plan B for student-loan forgiveness would have benefited over 30 million borrowers. It proposed full or partial relief for categories including borrowers with unpaid interest and those who ...
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 ...
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