Tag: Student loan

April 16, 2024

President Joe Biden’s latest plan for student loan cancellation is moving forward as a proposed regulation, offering him a fresh chance to deliver on a campaign promise and energize young voters ahead of the November election. The Education Department on […]

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 […]

December 20, 2023

The White House recently announced that approximately 813,000 borrowers whose accounts were adjusted in August 2023 will receive an email from President Biden that their loans are being forgiven. This is based on the U.S. Department of Education (ED) undertaking […]

October 30, 2023

The Biden administration is moving toward a narrower student loan relief plan that would target specific groups of borrowers — those with soaring interest, for example — rather than a sweeping plan like the one the Supreme Court rejected in […]

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 […]

February 16, 2023

Senate minority whip John Thune, R-S.D., will revive a piece of legislation originally introduced last year to prevent working Americans from bearing the brunt of President Biden’s decision to suspend federal student loan repayments, which has cost the federal government […]

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 […]

October 10, 2022

A small-business advocacy group has filed a new lawsuit seeking to block the Biden administration’s efforts to forgive student loan debt for tens of millions of Americans — the latest legal challenge to the program. The suit, filed Monday by […]

August 26, 2022

The White House is silent on how President Biden’s decision to cancel between $10,000 to $20,000 in student debt for some Americans will be paid over the long run and whether it will drive tax bills higher even for average […]

August 24, 2022

Some of the nation’s top universities and colleges may benefit from President Joe Biden’s $300 billion student loan debt handout, after reports reveal they have spent millions lobbying for education policies, including student loan handouts. On Wednesday, President Joe Biden […]

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 5, 2022

On July 13, 2022, the U.S. Department of Education (the Department) published in the Federal Register a Notice of Proposed Rulemaking (the Proposed Rule) to revise its regulations governing student loan discharge standards and processes, including but not limited to […]

July 11, 2022

The U.S. Department of Education recently announced proposed regulations designed to expand and improve the major student loan discharge programs authorized by the Higher Education Act. Among other things, the proposed regulations would prohibit institutions that participate in the Federal […]

June 2, 2022

Hundreds of thousands of students who attended the for-profit Corinthian Colleges chain will automatically get their federal student loans canceled, the Biden administration says, aiming to bring closure to one of the most notorious cases of fraud in American higher […]

April 28, 2022

On April 19, one day before the release of a highly critical performance audit by the U.S. Government Accountability Office, the Department of Education (ED) announced a series of actions it is taking to “address[] historical failures in the administration […]

October 6, 2021

The Biden administration is temporarily relaxing the rules for a student loan forgiveness program that has been criticized for its notoriously complex requirements — a change that could offer debt relief to thousands of teachers, social workers, military members and […]

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 23, 2021

Struggling student loan borrowers who own a business received some welcome news this week: They will no longer be excluded from the Paycheck Protection Program. Any business owned 20% or more by a borrower who had fallen behind on their […]

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 […]