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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. Joe Biden’s Student Debt Cancellation, Explained ...
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 ...
The pair of student loan proposals expected to be withdrawn Friday represented Biden’s second attempt at widespread debt cancellation after the Supreme Court rejected his first plan.
The pair of student loan proposals expected to be withdrawn Friday represented Biden’s second attempt at widespread debt cancellation after the Supreme Court rejected his first plan. One of them is a proposal from April would have provided targeted debt relief to 30 million Americans. It laid out several categories of borrowers eligible for ...
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.
In February 2024, the Biden administration announced it would cancel $1.2 billion of student debt. The debt cancellation applies only to those enrolled in the Saving on a Valuable Education (SAVE) repayment plan who have been making payments for at least 10 years and who originally borrowed $12,000 or less for school. [162]
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.