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Tag: Student loan


Education, Industry

Biden Student Debt Forgiveness Plan on Temporary Hold after Appeals Court Ruling

October 24, 2022

Via: Government Executive

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 […]


Education, Industry

Small business group files suit over Biden student loan plan

October 10, 2022

Via: Washington's Top News

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 […]


Federal, Policy

White House silent on whether tax increases are necessary to pay for $300,000,000,000 student loan handout

August 26, 2022

Via: Fox News

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 […]


Education, Industry

Colleges, universities that may benefit from Biden student loan giveaway spent over $130 million on lobbying

August 24, 2022

Via: Fox News

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 […]


Education, Industry

Student loan help for millions coming from Biden after delay

August 23, 2022

Via: Washington's Top News

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. […]


Education, Industry

U.S. Department of Education Proposes Revised Regulations on Borrower Defense and Other Student Loan Discharge Matters

August 5, 2022

Via: JD Supra

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 […]


Education, Industry

Department of Education Anti-Arbitration Regulation Fails Supreme Court Tests

July 11, 2022

Via: JD Supra

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 […]


Education, Industry

Former Corinthian students get federal student debt erased

June 2, 2022

Via: Washington's Top News

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 […]


Education, Industry

Department of Education announces major revisions to IDR payment counting

April 28, 2022

Via: JD Supra

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 […]


Education, Industry

Troubled student loan forgiveness program gets an overhaul

October 6, 2021

Via: Washington's Top News

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 […]


Federal, Policy

Student loan forgiveness may become tax-free under Covid relief bill. Here’s what that means for borrowers

March 8, 2021

Via: CNBC

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 […]


Federal, Policy

New rules make it easier for struggling student loan borrowers to access PPP loans

February 23, 2021

Via: CNBC

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 […]


Federal, Policy

Biden rules out canceling $50,000 in student debt — but Schumer and Warren plan to keep pushing him

February 17, 2021

Via: CNBC

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 […]


Federal, Policy

Biden’s first 100 days: Student loan debt won’t go anywhere

December 24, 2020

Via: Fortune

As college students across the country pivot between online and in-person classrooms, reimagining and navigating what the higher education landscape looks like under the weight of a pandemic that has killed over 320,000 Americans and infected 18 million more, one […]


Federal, Policy

More than 42 million student loan borrowers don’t have to resume payments until February

December 8, 2020

Via: CNBC

Millions of Americans got an early Christmas present this year – on Friday, the U.S. Department of Education extended the coronavirus pandemic-induced pause on student loan payments through January 2021. Accruing interest will also be on hold and the department […]


Federal, Policy

Federal student loan rates hit record lows

May 12, 2020

Via: CNBC

For years, student loan borrowers have suffered under the weight of excessive debt and interest. That’s about to change. Amid the economic shock from the coronavirus outbreak, the yield on the 10-year Treasury note, which is a barometer for student […]