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The fate of President Biden’s $400 billion student debt relief program is now in the hands of the Supreme Court, whose decision as to whether Biden overstepped his executive power could ...
One month before President Biden leaves the White House, the Biden administration announced it has forgiven student loan debt for 54,900 public service workers.
That’s about one-third of the amount of student loan debt that would have been canceled by the forgiveness program rejected by the high court, which would have canceled up to $20,000 for ...
By law, tax-free benefits under an educational assistance program are limited to $5,250 per employee per year. Normally, the assistance provided above that level is taxable as wages.
The adjustment to student loan accounts would go toward helping borrowers get closer to forgiveness under income-driven repayment plans, which offer cancellation after 20 or 25 years, depending on ...
As millions of Americans prepare to submit applications for student loan forgiveness through the Biden administration's new program, the residents of seven
In April 2023, President Biden announced a “Fresh Start” program for student loan borrowers, placing $34 billion worth of delinquent or defaulted student loan accounts into “current ...
The Public Service Loan Forgiveness program was created in 2007, promising college graduates that the remainder of their federal student loans would be zeroed out after 10 years working in ...