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Biden"s new plan for student-loan forgiveness is entering its next key stage — and millions of borrowers will have a say on what the relief looks like

Biden's administration released its first set of draft rules for its new student-loan forgiveness plan, and borrowers have 30 days to comment on the.....»»

Category: topSource: businessinsiderApr 16th, 2024

How an unrelated Supreme Court decision could jeopardize Biden"s new student-loan forgiveness plan before it even goes into effect

While Biden's new student-loan forgiveness plan isn't set to go into effect until the fall, a separate Supreme Court decision could complicate things. US Pre.....»»

Category: topSource: businessinsiderApr 15th, 2024

How Biden"s new student-loan forgiveness plan could be jeopardized before it even goes into effect

While Biden's new student-loan forgiveness plan isn't set to go into effect until the fall, a separate Supreme Court decision could complicate things. US Pre.....»»

Category: personnelSource: nytApr 14th, 2024

"Buying Votes" With Other People"s Money, Says Elon Musk, As Biden Announces Additional Student Loan Forgiveness; Bill Ackman Calls It "Illegal"

Adversaries slammed President Joe Biden for announcing additional student forgiveness, and see it as a vote-buying strategy. read more.....»»

Category: blogSource: benzingaApr 13th, 2024

7 More States Sue To Block "Most Generous Ever" Student Loan Program

7 More States Sue To Block 'Most Generous Ever' Student Loan Program Authored by Bill Pan via The Epoch Times (emphasis ours), President Joe Biden faces a fresh lawsuit from a seven-state coalition challe.....»»

Category: dealsSource: nytApr 10th, 2024

A student-loan forgiveness program for public-service workers has a 98% denial rate. 56 Democrats say it"s time for Biden to fix it.

Biden's campaign promised he'd see to it that the Public Service Loan Forgiveness program was "fixed, simplified, and actually helps teachers." Sen. Kirsten Gillibrand (D-NY). Al.....»»

Category: smallbizSource: nytMay 5th, 2021

: Biden administration to cancel $1 billion in student-loan debt held by scammed borrowers

Borrowers who requested loan forgiveness but got only partial relief under former Secretary of Education Betsy DeVos will have their debts wiped away......»»

Category: topSource: marketwatchMar 19th, 2021

A quarter of Americans support forgiving all federal student-loan debt

President Joe Biden has thrown his support behind $10,000 in student loan forgiveness. But a quarter of Americans want it all forgiven. Student-loan debt reached a national high of $1.5 trillion in 2019. Boston Globe/Getty Images Demo.....»»

Category: personnelSource: nytFeb 24th, 2021

Biden Slaps Down Move For $50K Student Debt Forgiveness: "I Will Not Make That Happen"

Biden Slaps Down Move For $50K Student Debt Forgiveness: "I Will Not Make That Happen" President Biden has appeared to give his 'final' and 'definitive' answer on student loan for.....»»

Category: personnelSource: nytFeb 17th, 2021

AOC criticizes Biden"s opposition to $50,000 in student loan forgiveness, saying his argument "is looking shakier by the day"

"Entire generations of working class kids were encouraged to go into more debt under the guise of elitism," Ocasio-Cortez argued. "This .....»»

Category: dealsSource: nytFeb 17th, 2021

Outgoing Secretary of Education Betsy DeVos urged against student loan forgiveness in letter to Congress

Biden proposed making undergraduate education free in some cases and giving student borrowers $10,000 in forgiveness as part of coronavirus relief. U.S. Education Secretary Betsy Devos speaks at White Hou.....»»

Category: topSource: businessinsiderJan 6th, 2021

State sues student loan servicer over program management

New York’s attorney general filed a lawsuit Thursday against a loan servicer that handles a student loan forgiveness program for public service workers over how the program has been... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 7th, 2019

NY Attorney General sues loan servicer, says it ‘failed miserably’ to process student-debt forgiveness applications

The new lawsuit adds to pressure against FedLoan’s 99% rejection rate of loan-forgiveness applications......»»

Category: topSource: marketwatchOct 3rd, 2019

How much student-loan debt forgiveness would have a real impact? $10K per borrower, according to new analysis

A new analysis indicates that a relatively small amount of debt relief would affect a large group of borrowers......»»

Category: topSource: marketwatchJul 24th, 2019

Teachers union sues student loan servicer Navient

The American Federation of Teachers is filing a lawsuit against Navient, one of the country's largest student loan servicing companies, alleging that it failed to guide borrowers through a critical student loan forgiveness program......»»

Category: topSource: foxnewsOct 3rd, 2018

Biden"s latest plan for student loan cancellation moves forward as a proposed regulation

Biden"s latest plan for student loan cancellation moves forward as a proposed regulation.....»»

Category: topSource: yahooApr 16th, 2024

Gen Z wants student loan forgiveness without any accountability. It doesn"t work that way.

Gen Z wants student loan forgiveness without any accountability. It doesn"t work that way......»»

Category: topSource: yahooApr 10th, 2024

Here’s who will pay for Biden’s student loan cancellations

Here’s who will pay for Biden’s student loan cancellations.....»»

Category: topSource: yahooApr 10th, 2024

A California community college"s graduation gift: forgiving 2021 grads" student debt

Contra Costa Community College surprised its May 2021 graduates with full student-loan forgiveness, relieving more than 60 students of student debt. .....»»

Category: worldSource: nytMay 25th, 2021

Biden administration taps Warren ally to lead Office of Federal Student Aid, a promising sign for efforts to wipe out student debt

Sen. Warren, who pushed for his appointment, said he would "apply his fearlessness and expertise to protecting student loan borrowers." John Minchillo/ AP Richard Cordray, former head of the CFPB, is set t.....»»

Category: topSource: businessinsiderMay 3rd, 2021