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Additionally, according to the 8th Circuit, student loan forgiveness under other IDR plans — ICR and PAYE — that were created using the same legal authority could also get struck down.
The Biden administration plans to forgive loans for 560,000 former students of Corinthian Colleges, a group of for-profit schools that Harris helped put out of business.
President Joe Biden announced the much-anticipated administration's plan for loan forgiveness on Aug. 24. But while the plan was mostly widely lauded, details were scarce, until now. Student Loan...
In 2022, the Department of Education announced a one-time payment adjustment that will count certain months toward student loan forgiveness for borrowers with an income-driven repayment (IDR) plan.
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 granted by the HEROES Act. [9] On December 5, the administration extended the pause through January 31, 2021. [10]
Despite several student loan forgiveness roadblocks, the Biden Administration has been able to deliver more than $175 billion in student loan forgiveness for nearly 5 million Americans, according ...
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