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  2. Many student loan borrowers are in for a big, bad surprise in ...

    www.aol.com/finance/many-student-loan-borrowers...

    A recent survey by the Consumer Financial Protection Bureau found that among borrowers who had only used a standard, 10-year repayment plan, 31% did not know they could choose an alternative.. In ...

  3. Higher Education Relief Opportunities For Students Act

    en.wikipedia.org/wiki/Higher_Education_Relief...

    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 ...

  4. What Trump's second term could mean for student debt

    www.aol.com/finance/trumps-second-term-could...

    The student loan forgiveness efforts spearheaded by the Biden administration face an uncertain future in Donald Trump's second term. What Trump's second term could mean for student debt [Video ...

  5. Borrowers whose student loans were forgiven in 2023 may owe ...

    www.aol.com/finance/borrowers-whose-student...

    President Biden has forgiven more than $136 billion in student loan debt for over 3.7 million borrowers. The debt relief was under multiple programs: public service loan forgiveness (PSLF) program ...

  6. Federal Direct Student Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Direct_Student...

    According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15] The government combats this large outstanding balance with student loan forgiveness which come in several forms, the two most popular being Public Service Loan Forgiveness and Teacher Loan Forgiveness ...

  7. Funding Act of 1790 - Wikipedia

    en.wikipedia.org/wiki/Funding_Act_of_1790

    The Funding Act of 1790, the full title of which is An Act making provision for the [payment of the] Debt of the United States, was passed on August 4, 1790, by the United States Congress as part of the Compromise of 1790, to address the issue of funding (debt service, repayment, and retirement) of the domestic debt incurred by the state governments, first as Thirteen Colonies, then as states ...

  8. Student Loans: 3 Forgiveness Programs Are Going Away ... - AOL

    www.aol.com/student-loans-3-forgiveness-programs...

    To date, the loan forgiveness approved by the Biden-Harris government totals $136.6 billion in aid for 3.7 million American borrowers, according to the U.S. Department of Education (ED).Relate

  9. National Commission on Fiscal Responsibility and Reform

    en.wikipedia.org/wiki/National_Commission_on...

    The National Commission on Fiscal Responsibility and Reform (often called Simpson–Bowles or Bowles–Simpson from the names of co-chairs Alan Simpson and Erskine Bowles; or NCFRR) was a bipartisan Presidential Commission on deficit reduction, [1] created in 2010 by President Barack Obama to identify "policies to improve the fiscal situation in the medium term and to achieve fiscal ...

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