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The Biden administration has announced that it will provide $39 billion in total student debt relief for 804,000 borrowers, its latest step since President Biden’s student loan forgiveness plan was struck down by the Supreme Court. The Education Department said Friday the relief is being provided on income-driven repayment plans, in which the federal government…
President Biden on Friday announced new actions to offer student loan borrowers some forgiveness, reintroducing his forgiveness plan grounded in the Higher Education Act (HEA). Using the HEA to provide student debt relief has been pushed by student loan advocates and top Democrats for years. Under the HEA, advocates argue it allows the education secretary to…
The Supreme Court will release its final decisions of the term Friday morning, handing down rulings on student debt relief and a free speech case involving same-sex wedding websites. The last decisions will cap a term that has already included the gutting of affirmative action in college admissions alongside string of victories for the left on the Voting…
The Supreme Court is set to release its decision on President Biden’s relief of up to $20,000 in student loan debt, with advocates and borrowers widely concerned the justices will strike down the plan. The court holds a strong 6-3 conservative majority that seemed skeptical of the administration’s ability to forgive the debt during oral…
Student loan borrowers are frustrated and anxious only three months away from being forced to resume payments after a three-year hiatus. For the roughly 40 million Americans who owe the federal government student loans, interest will begin accruing on that debt in September. Payments will be due again in the beginning of October. As the…
President Biden’s student debt forgiveness plan will finally see an end to its months-long limbo in the courts this week. With repayments set to start again in October after a years-long pandemic-related pause, the Supreme Court’s forthcoming ruling on the legality of Biden’s proposal is the last piece of the student loan puzzle, offering a…
The Supreme Court is set to hand down key decisions this week on student debt relief, affirmative action and federal election laws as it enters the last week of its summer session with 10 cases pending. The court has given no indication it will break its norm of finishing decisions by the end of June,…
House Republicans were not able to convince the two-thirds majority they needed to overturn President Biden’s veto of a resolution that would have shot down his proposal to cancel up to $20,000 of a borrower’s student debt. The 221-206 vote on attempt to overturn Biden’s veto of a Congressional Review Act (CRA) resolution to end…
The Democratic-led Senate handed a stinging rebuke to President Biden on Thursday, passing a measure that overturns his student debt relief plan to give 40 million borrowers up to $20,000 in loan forgiveness — though a presidential veto is likely on the way. The Senate passed the measure in a 52-46 vote just days after…
House Republicans passed a resolution on Wednesday that overturns President Biden’s student debt relief plan that would give up to $20,000 in loan forgiveness to borrowers. In a 218-203 vote, Rep. Bob Good (R-Va.) succeeded in his measure to terminate the pandemic-era student loan payment pause and cancel the potential relief for 40 million borrowers….