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Biden announced $4.28 billion in student-debt cancellation for 54,900 borrowers in Public Service Loan Forgiveness. The relief is a result of the Education Department's ongoing fixes to PSLF.
Biden's Plan B for student-loan forgiveness would have benefited over 30 million borrowers. It proposed full or partial relief for categories including borrowers with unpaid interest and those who ...
The administration's plan provides more generous terms than past income-based repayment plans, lowering monthly payments for eligible borrowers and allowing those whose original principal balances ...
Since the start of the COVID-19 pandemic, student loan borrowers have faced a series of ever-changing rules, false starts on loan forgiveness and confusion. Payments were paused during the ...
On November 10, 2022, district judge Mark Pittman issued an order to strike down the student loan forgiveness program. [10] On November 30, 2022, the U.S. 5th Circuit Court of Appeals declined to issue a hold on the order in response to an appeal from the U.S. Department of Education .
Biden announced the loan forgiveness plan in August 2022, but the application wasn’t formally launched until two months later – which was also after several conservative-backed lawsuits were ...
On August 8, 2020, the Trump administration issued a memorandum instructing the Secretary of Education to pause on student loan payments and interest through December 31, 2020 using the authority granted by the HEROES Act. [9] On December 5, the administration extended the pause through January 31, 2021. [10]
Of this $65 billion, the law invests $42.45 billion in a new infrastructure grant program by the National Telecommunications and Information Administration called the Broadband Equity, Access, and Deployment Program, with highest priority going to communities with Internet speeds below 25 downstream and 3 upstream Mbps. $2 billion will go to ...