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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 ...
60,000 student-loan borrowers in public service are getting $4.5 billion in debt cancellation while Biden's broader relief remains blocked in court Ayelet Sheffey October 17, 2024 at 2:01 AM
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 ...
However, in June 2023, the Supreme Court issued a ruling against Biden's loan cancelation plans which stated that the secretary of education cannot cancel more than $430 billion in student debt.
While campaigning for president in 2020, Joe Biden promised to cancel up to $10,000 of federal student loan debt per borrower. [1] After being elected president, Biden called for the 117th U.S. Congress to pass a bill to facilitate $10,000 in student loan forgiveness.
In an analysis of Biden’s first debt-relief program, the Committee for a Responsible Federal Budget estimated that after a one-time cancellation of about $500 billion of debt, the total amount ...
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