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The bottom line is it's probably not a good idea to let your credit and financial flexibility be damaged in hopes of student debt forgiveness that may never come.
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 type of debt forgiveness varies depending on the debt you want forgiven. You may also need to meet certain qualifying criteria before lenders will consider loan forgiveness. Student loan debt ...
Despite the progress made to tackle student loan debt, there has been little change in federal policy to address the core underlying issue: the high cost of college. Warren has called for making ...
Biden's administration posted notices to withdraw its broader student-loan-forgiveness plans. Amid lawsuits, the Education Department wrote that it stands by the legality of its debt-relief plans.
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 late August 2024, the latest chapter in the ongoing student debt forgiveness debate came to a close—for now—when the Supreme Court announced it would uphold a block on the Biden-Harris ...
'Next couple of weeks' The president's change of heart on the issue is noteworthy. Biden backed the forgiveness of $10,000 in student loan debt on the campaign trail in 2020. During his ...