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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 ...
This includes $56.7 billion for 793,000 borrowers using the public service loan forgiveness program and waiver, $45.6 billion for 930,500 borrowers under income-driven repayment plans, $11.7 ...
Despite legal hurdles and the fast-approaching election, the White House is forging ahead with another broad student debt relief plan in the waning days of Joe Biden’s presidency.. The federal ...
The White House has announced a new $7.4 billion round of student loan cancellations, relieving nearly 277,000 borrowers of their debt. The latest attempt to chip away at the amount owed for ...
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 ...
In 2018, the group joined the American Federation of Teachers to launch an investigation into the failure of the Public Service Loan Forgiveness program. [15] Over the course of three years, Student Borrower Protection Center supported litigation by teachers and uncovered evidence of government mismanagement and industry abuses across the student loan system, including evidence that Public ...
President Joe Biden speaks about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, on April 8. - Andrew Caballero-Reynolds/AFP/Getty Images/File
(Reuters) -A U.S. judge on Thursday temporarily blocked Democratic President Joe Biden's administration from implementing a plan to forgive student loan debt held by millions of Americans. The ...
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