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Student Debt Forgiveness

All articles tagged with #student debt forgiveness

education1 year ago

"Biden Forgives Billions in Student Debt for Public Service Workers: What You Need to Know"

President Biden is waiving an additional $5.8 billion in student loans for 78,000 public service workers and plans to email 380,000 borrowers in the public sector to inform them of impending debt cancellation. This move has drawn criticism from Republicans, who accuse Biden of attempting to "buy votes" and claim that his loan forgiveness efforts have hindered the rollout of a new college financial aid form. Biden has been actively using executive tools to reach out to borrowers and has made reforms to the Public Service Loan Forgiveness program, expanding relief for millions of Americans.

via USA TODAY|
#college-financial-aid#education#executive-actions
education1 year ago

"Biden Administration Forgives $5.8 Billion in Student Debt for 78,000 Borrowers, Including Public Sector Workers"

The Biden administration has announced the forgiveness of $5.8 billion in student debt for 77,700 borrowers through the Public Service Loan Forgiveness program, with plans to notify an additional 380,000 public service workers about their eligibility for debt cancellation. This move is part of the administration's efforts to address issues with the program and provide relief to public servants, with nearly 4 million people having already received $143.6 billion in debt relief.

via CNBC|
#biden-administration#borrowers#education
politics1 year ago

"Biden's $1.2 Billion Student Loan Forgiveness Plan Benefits 150,000 Borrowers"

President Biden announced the cancellation of $1.2 billion in student loan debt for over 150,000 borrowers, using executive actions to bring the total debt forgiven to $138 billion for nearly 3.9 million people. The relief targets those who originally borrowed up to $12,000 and have been making monthly loan payments for at least 10 years. Republicans criticized the move as a taxpayer-funded ploy, while Biden emphasized the impact on young voters. Biden also attended a fundraiser in Los Angeles and outlined his priorities for a potential second term, before heading to the Bay Area for additional events.

via Los Angeles Times|
#2024-election#biden#democrats
politics2 years ago

Biden's Ongoing Battle with Supreme Court over Student Debt Forgiveness

President Joe Biden's response to the Supreme Court striking down his original federal student loan forgiveness plan was seen as a bold and direct confrontation with the Court. Biden disagreed with the ruling and announced his intention to pursue the same goal under a different law. Legal historian Noah Rosenblum noted that mainstream Democrats have been hesitant to challenge the Supreme Court, making Biden's stance unique. The Supreme Court's decision was narrow, and experts predict another legal battle if Biden's second attempt to forgive student debt reaches the Court. The pressure to address student debt stems from the growing inequality and the realization that a college degree no longer guarantees economic mobility in an unfair economic system.

via CNBC|
#inequality#joe-biden#legal-confrontation
politics2 years ago

Congressional Opposition and Updates on Biden's Student Loan Forgiveness Plan.

Congressional Republicans passed a joint resolution to block President Joe Biden's student debt relief program, with only two Democrats, including Rep. Marie Gluesenkamp Perez, siding with them. Gluesenkamp Perez, who represents Southwest Washington's 3rd Congressional District, opposed debt forgiveness for college students without equal investments in career and technical education. The resolution seeks to repeal Biden's debt relief program, which would forgive student loans up to $20,000, and end a pandemic-era student loan repayment pause. Gluesenkamp Perez received federal loan forgiveness and a $64,000 paycheck protection loan during the pandemic.

via OregonLive|
#career-and-technical-education#congressional-resolution#marie-gluesenkamp-perez
politics2 years ago

Debt limit, shooting, and border chaos: Biden faces major tests.

President Biden is set to meet with congressional leadership to discuss raising the debt ceiling, as House Republicans want to attach spending reductions to a debt ceiling increase. Authorities have released new details about the victims of the Texas outlet mall shooting, while a candlelight vigil is planned for the victims of the Brownsville crash. The US is set to announce a $1.2 billion aid package for Ukraine, and nearly 610,000 student loan borrowers have received loan forgiveness since October 2021. Finally, the expiration of Title 42 may lead to a surge of migrants at the border.

via CNN|
#debt-ceiling#politics#student-debt-forgiveness