Tag: student debt

January 12, 2024

The Biden administration will start canceling student loans for some borrowers in February as part of a new repayment plan that’s taking effect nearly six months ahead of schedule. Loan forgiveness was originally set to begin in July under the […]

July 10, 2023

On June 30, the U.S. Supreme Court issued a 6-3 decision in Biden v. Nebraska, striking down the Department of Education’s (DOE) student loan debt relief program (announced in August and covered by InfoBytes here) that would have provided between […]

June 8, 2023

President Biden on Wednesday vetoed the bill that would have scrapped his $400 billion student loan handout and vowed he wasn’t “going to back down” when it came to forgiving the college debt of millions across the country. “Folks, Republican […]

January 10, 2023

The White House is moving forward with a proposal that would lower student debt payments for millions of Americans now and in the future, offering a new route to repay federal loans under far more generous terms. President Joe Biden […]

October 24, 2022

A federal appeals court on Friday temporarily blocked the Biden administration from carrying out its student loan forgiveness plan, until the court makes a determination on a request for an injunction brought by six Republican-led states, according to multiple media […]

August 23, 2022

President Joe Biden on Wednesday is set to announce his long-delayed move to forgive up to $10,000 in federal student loans for many Americans and extend a pause on payments to January, according to three people familiar with the plan. […]

August 26, 2021

The Education Department announced Thursday it will forgive student debt for more than 100,000 borrowers who attended colleges in the now-defunct ITT Technical Institute chain but left before graduating. In a rarely used move, the agency said it will erase […]

March 8, 2021

A significant provision making any student loan forgiveness tax-free has been included in the $1.9 trillion federal coronavirus stimulus package that’s working its way through Congress and will likely soon be signed into law. Currently, any student loan debt canceled […]

February 17, 2021

President Joe Biden shot down his fellow Democrats’ push to forgive up to $50,000 in federal student debt per borrower. “I will not make that happen,” the president responded when an attendee at a CNN town hall Tuesday night asked […]