Higher Education
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800,000 Borrowers to Get Student Debt Canceled, Biden Administration Announces
For many borrowers, qualifying monthly payments that should have moved them closer to forgiveness were not accounted for, effectively forcing them to make extra payments under their IDR plans.
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Supreme Court Takes Student Debt Relief Away From 43 Million Americans
Nationwide, more than 45 million people owe $1.6 trillion in federal loans for college, according to government data, and as many as 43 million of them stood to benefit from the cancellation program.
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The Supreme Court Is Hearing Arguments About Biden’s Student Loan Cancellation Plan on Tuesday. Here’s What You Need to Know
About 90% of the benefits from Biden’s plan will go to families earning less than $75,000 according to the White House, but a group of Republican-led states have sued to block it.
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Biden Administration Makes It Easier to Discharge Student Loan Debt Through Bankruptcy
Prior to this move, student loan debt—unlike credit card bills, medical bills, and most other forms of debt—was not eligible to be automatically wiped away when a person filed for bankruptcy.
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Here’s Where the Biden Administration’s Student Loan Relief Plan Stands
In the past week, two separate courts controlled by conservative judges have ruled against the Biden administration’s plan to cancel tens of thousands of dollars in federal student loan debt for millions of borrowers, putting that relief in jeopardy.
