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President Joe Biden speaks in the Roosevelt Room of the White House, June 30, 2023, in Washington, D.C., as his administration is moving forward on a new student debt relief plan after the Supreme ...
President Joe Biden began working on his revised student loan relief plan after the Supreme Court blocked its first program in June 2023. The updated policy targets several groups of borrowers for ...
In October 2021, the Biden administration used the HEROES Act to reform a student debt forgiveness program for public workers. [15] In August 2022, the administration used the Act again to announce student debt cancellation of up to $20,000 and several other reforms.
The first rule was Biden's Plan B for broader debt relief after the Supreme Court struck his first plan down in summer 2023. The second rule was a proposal to provide relief to borrowers facing ...
The plan, blocked by the Supreme Court in 2023, was to cancel up to $20,000 in federal student loan debt for Pell Grant recipients and up to $10,000 for non-Pell Grant recipients if their ...
With 42.8 million Americans carrying federal student loan debt and an average balance per borrower of $37,853, according to the Education Data Initiative, the stakes are high.
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 ...
What Kamala Harris has said about student loans . On Thursday, Harris released a statement saying she was “proud” of the billions of student loan debt relief delivered in the last four years ...