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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 new batch of debt cancellation comes a few days after the administration said it passed the milestone of forgiving nearly $200 billion in student loan debt for more than five million borrowers ...
In Biden's last announcement on student-loan forgiveness, he canceled over $600 million in debt for nearly 9,000 borrowers.
Biden's administration posted notices to withdraw its broader student-loan-forgiveness plans. Amid lawsuits, the Education Department wrote that it stands by the legality of its debt-relief plans.
A new path to student loan forgiveness The Biden-Harris Administration recently created a new debt relief plan using the 1965 Higher Education Act (HEA) , which outlines several federal financial ...
In other student loan forgiveness news, the U.S. 8th Circuit Court of Appeals issued an order on July 19 blocking the entire SAVE plan. As a result, the U.S. Department of Education placed SAVE ...
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 ...
The Biden administration has approved the discharge of student loan debt for more than 615,000 borrowers since October 2021 under temporary changes to the public service loan forgiveness program. ...