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The Bipartisan Student Loan Certainty Act of 2013 was a bill signed into law by President Barack Obama on August 9, 2013, [1] which, after more than a month of contentious debate between both parties about higher education and how the government should distribute loans, sets federal student loan rates to financial markets on all DIRECT student loans disbursed on or after July 1, 2013.
In March 2020, the CARES Act passed by Congress included a pause on federal student loans repayments and interest until September 30, 2020. [8] 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 ...
The move was also thought to give President Obama two key victories in overhauling the health care and student loan system. It also eventually became clear that the budget savings caused by the student loan bill would become essential to the overall reconciliation bill by reducing the deficit enough for the overall bill to qualify for the ...
As of April 30 last year, the Biden administration had forgiven $17.2 billion in federal student loans for 974,820 borrowers who claimed they were defrauded, according to the office.
More recent student loan relief efforts, including a new repayment plan known as Saving on a Valuable Education (SAVE) that the Biden administration launched last year, are also tied up in litigation.
Interest rates on federally subsidized Stafford student loans doubled as of July 1, and since then, Congress has tried to pass a student loan bill that would give students and parents some relief ...
America's College Promise was a proposal by the Barack Obama administration to offer all students two free years of community college tuition. [1] [2] [3] It was based on the Tennessee Promise, a similar program for the state of Tennessee. State level programs, like the Tennessee Promise, have faced critique for their ability to fill tangible ...
For the first time in more than three years, federal student loan borrowers will be required to pay their monthly student loan bills. Here’s what borrowers need to know.