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The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
The Biden administration estimates the pre-school program will benefit 5 million children each year and save the average family $13,000. The community college program will help about 5.5 million students per year pay $0 in fees, about $109 billion over a decade.
President Biden signed a total of 162 executive orders during his singular term, from January 2021 to January 2025. As of January 22, 2025, 67 of them (41%) have been revoked by his successor, Donald Trump. [9]
Update: Since this report was originally published, President Biden has been sworn in and has extended the student loan moratorium (see point #2 below) until Sept. 30, 2021. Once Joe Biden is ...
On President Joe Biden's way out the door, his Education Department has thrown a wrench into plans for universities to pay student-athletes directly. The payments will almost certainly still ...
While the Biden-Harris administration has yet to make good on a campaign promise by issuing universal student debt relief, more than 3.7 million borrowers have had nearly $140 billion of debt ...
The Senate passed the Inflation Reduction Act on August 7, 2022, on a 51–50 vote, with a tie-breaking vote from Vice President Kamala Harris, [80] returning the amended bill to the House. On August 12, the House passed the bill on a 220–207 vote, [81] and President Biden signed it into law on August 16. [82]
What did Biden's student debt cancellation plans promise? One of the plans would have forgiven up to $20,000 of unpaid interest for more than 20 million borrowers, the White House said in April ...