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Student Loan Cancellation

All articles tagged with #student loan cancellation

politics-education1 year ago

"Biden's Progress on Student Loan Cancellation and Gun Violence Prevention Initiatives"

President Biden's proposed regulation for student loan cancellation, which aims to cancel or reduce loans for more than 25 million Americans, has been filed by the Education Department. The plan includes targeted relief for various categories of borrowers, such as those with high interest, long repayment periods, and low financial value programs. The proposal is expected to go through a public comment period and review before being finalized, with the Biden administration aiming to start implementing some parts as early as this fall. Republicans are opposed to broad student loan cancellation, while the White House is confident in the plan's legal standing.

via Yahoo! Voices|
#biden#democratic-president#education-department
politics-education1 year ago

"Biden's Push for Student Loan Relief Faces Legal Hurdles"

President Biden's latest plan for student loan cancellation is advancing as a proposed regulation, aiming to fulfill a campaign promise and engage young voters before the November election. The Education Department has filed paperwork for a new regulation that would cancel or reduce loans for over 25 million Americans, with categories including eliminating interest for those owing more than they borrowed, canceling loans for long-term payers, and providing relief for those eligible for federal forgiveness programs. The proposal, which still needs to go through public comment and review, has faced opposition from conservatives who view it as unfair to taxpayers.

via The Associated Press|
#biden#democratic-president#education-department
politics1 year ago

"Biden's Rapid Action on Student Loan Relief Sparks Controversy and Hope"

President Biden is proposing a new student loan cancellation plan targeting 30 million Americans, using a different legal authority after the Supreme Court rejected his initial attempt. The plan focuses on five categories of borrowers, including those with growing interest, eligible for federal forgiveness programs, and facing financial hardship. Most cancellation would be automatic, with relief potentially starting this fall, but legal challenges and potential reversibility remain uncertain.

via The Associated Press|
#biden#borrowers#education-department