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The White House said Friday it approved another $4.28 billion in student debt cancellation for 54,900 additional public service workers in what could be one of the Biden Administration's final act ...
The Biden administration has discharged another $1.2 billion in student loan debt under a key ... This includes $56.7 billion for 793,000 borrowers using the public service loan forgiveness ...
President Biden currently faces a decision whether to cancel some student loan debt ahead of the August 31st deadline for pandemic forbearance of federal student loans. Aarthi Swaminathan ...
In addition, since federal student loans do not limit the amount a lender can borrow, this has allowed public as well as private colleges to increase their tuitions. [46] In February 2023, the U.S. Supreme Court heard oral arguments in Biden v. Nebraska concerning President Biden's order to cancel student loan debt for an estimated 40 million ...
The delay could mean that federal student borrowers might have to resume payments in January 2023 — when the current repayment pause expires — without the loan forgiveness they applied for.
Biden, who once questioned the legality of mass student loan forgiveness, campaigned on the issue after progressives like Sen. Bernie Sanders, I-Vt., made it a mainstream idea. But as president, Biden has faced relentless challenges from Republican opponents. For the roughly 42 million people with federal student loans, hope of having them ...
Confusion about the student loan program may have become even more acute in recent years, as the Biden administration’s attempts at student loan forgiveness and his generous income-driven ...
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 ...