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Sixteen million people received an email from the administration in 2022 notifying them that they qualified for student loan forgiveness under Biden’s new program, which was later struck down by ...
As of this year, Americans now owe $1.77 trillion in federal and private student loan debt and while the Biden administration tried to decrease that amount, the Supreme Court issued a decision ...
Administration officials continue to press their case that the loan forgiveness program is necessary to give borrowers financial relief before federal student loan repayments are set to resume in ...
As of September 29, 2022, borrowers with federal student loans not held by the Education Department are not eligible for debt relief by consolidating those loans into federal direct loans.. If you ...
The Biden administration announced on Oct. 25 executive actions that will bring most loans managed by the Education Department "closer to forgiveness," the Department of Education declared. One ...
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 ...
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