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Today, the Department of Education announced that 800,000 borrowers will have $39 billion in federal student loans discharged as ... these wrongs and announcing $39 billion in debt relief for ...
The Biden administration announced on Friday, July 14 it would cancel $39 billion of debt for 804,000 student loan borrowers. This follows the June 30 Supreme Court 6-3 decision, which struck down ...
President Joe Biden’s sweeping student loan forgiveness plan may have been struck down by the Supreme Court, but his administration has gone forward with a separate plan to write off $39 billion ...
In March 2024, the Biden administration announced that it would forgive $5.8 billion in student loan debt to 78,000 borrowers under the PSLF program, [136] and then an additional $7.4 billion in student loan debt for 277,000 borrowers from additional changes to the PSLF program the next month, which brought the total dollar amount of student ...
For 2024, the US Department of Education's budget was approximately $268 billion dollars with $79,052,238 in discretionary spending. [12] The department currently holds and maintains approximately $1.7 trillion in federal student loan debt. [13]
Biden has since implemented a more modest income-driven $39 billion debt relief plan impacting 800,000 borrowers who had paid their loans over 20 years, [81] and waived some rules regarding the Public Service Loan Forgiveness program that resulted in an additional 662,000 people having some debt canceled.
The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector.CFPB's jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors, for-profit colleges, and other financial companies operating in the ...
The Consolidated Appropriations Act, 2021 is a $2.3 trillion [1] spending bill that combines $900 billion in stimulus relief for the COVID-19 pandemic in the United States with a $1.4 trillion omnibus spending bill for the 2021 federal fiscal year (combining 12 separate annual appropriations bills) and prevents a government shutdown.