All articles tagged with #loan cancellation
Originally Published 5 months ago — by The New York Times
The U.S. Energy Department canceled a $4.9 billion loan guarantee for the controversial Grain Belt Express transmission project, citing unlikely conditions for support and concerns over taxpayer resources, which may jeopardize the $11 billion infrastructure aimed at transmitting wind energy across the Midwest amid opposition from landowners and Republican lawmakers.
Originally Published 5 months ago — by Columbia Missourian
The federal government has canceled a $4.9 billion loan for the Grain Belt Express project, a significant development in infrastructure funding. The article lacks detailed information about the reasons for the cancellation or the project's specifics.
Originally Published 1 year ago — by The Associated Press
Republican-led states, including Missouri, have filed a federal lawsuit to block President Biden's new student loan repayment plan, known as the SAVE Plan, which offers a faster path to loan cancellation. The lawsuit argues that the plan is an illegal and expensive policy that bypasses Congress, and it threatens the revenue of a quasi-state loan servicing company in Missouri. The Biden administration defends the plan, stating that it aims to provide support and relief to borrowers, but faces legal challenges from conservative opponents.
Originally Published 1 year ago — by The White House
President Joe Biden announced the cancellation of nearly $6 billion in student debt for 78,000 public service workers, including teachers, nurses, and firefighters, through the Public Service Loan Forgiveness program. This action is part of the Administration's efforts to address past administrative failures and provide relief to those entitled under the law. The announcement builds on previous progress in student debt relief, including significant increases in Pell Grants and improvements to Income-Driven Repayment plans. The Administration is also pursuing alternative paths to deliver student debt relief to as many borrowers as possible following a Supreme Court decision on the original relief plan. President Biden reaffirmed his commitment to using all available tools to provide student debt relief and ensure that higher education is a pathway to the middle class.
Originally Published 2 years ago — by MarketWatch
The Biden administration has announced that more than 800,000 student loan borrowers who have been paying their loans for at least 20 years will start to see their remaining balances canceled. This move is part of the government's plan to cancel $39 billion in student debt for eligible borrowers. Notifications will be sent to qualifying borrowers by their loan servicers and the Department of Education.