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The Biden administration announced on Oct. 25 executive actions that will bring most loans managed by the Education Department "closer to forgiveness," the Department of Education declared. One ...
The new IDR Account Adjustment will begin in November 2022 with some people seeing their debts discharged or significantly paid down around this time or later in July 2023.
The announcement came on Aug. 24, just a week before the payment pause was set to end. ... That’s mainly because the American Rescue Plan of 2021 made student loan forgiveness tax-free through ...
The future of student loan debt for millions of Americans hangs in limbo. The Supreme Court will hear arguments in February to decide whether the Biden administration went beyond its authority ...
In October 2021, the Biden administration used the HEROES Act to reform a student debt forgiveness program for public workers. [15] In August 2022, the administration used the Act again to announce student debt cancellation of up to $20,000 and several other reforms.
“In late December 2022, as part of the year-end omnibus spending bill, President Biden signed into law the SECURE Act 2.0, which will allow employers to match the amount an employee pays toward ...
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