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The Biden administration has discharged another $1.2 billion in student loan debt under a key provision of the Saving on A Valuable Education, or SAVE income-driven repayment plan.. Last month ...
Under the Biden plan, up to $10,000 in federal student debt relief may be offered to borrowers who earned less than $125,000 — or $250,000 for households — in 2020 or 2021.
In 2023, the U.S. Supreme Court shut down the assertion by Biden’s education secretary, Miguel Cardona, that the Heroes Act granted him the authority to cancel $430 billion in student loan debt.
The alternative to cancelling student debt is to wait 20 years and then cancel it after you've ruined someone's life. The government's not going to be repaid either way.
A poll from 2019 found that 58% of voters support canceling all federal student debt. As an ethicist who studies the morality of debt, I see merit in the question: Should student debt be canceled?
Biden's Education Department has canceled student debt for nearly 5 million borrowers over the past years, including $28.7 billion for more than 1.6 million borrowers who were defrauded by their ...
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