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The Biden administration announced Wednesday it is canceling $37 million in student loan debt for students of the online University of Phoenix. The money will cancel the debt for 1,200 former students who the administration said were tricked into believing the for-profit school had connections with Fortune 500 companies. The borrowers who received forgiveness had…
Republicans and Democrats have long agreed the student loan system needs to be reformed, but little has changed as both claim the other side isn’t addressing the fundamental problem. While some issues have consensus, such as the cost of U.S. colleges being too high and the student loan system being too difficult for borrowers, agreement…
The Supreme Court’s decision season is in full swing. The justices in the coming weeks will hand down major rulings on student debt relief, affirmative action and the Voting Rights Act, with opinions in 30 remaining cases expected to be released by June 30. Here’s a preview of the major decisions. Student Debt Relief The…
Activists prepare next steps for if Biden’s student loan forgiveness prevails Student loan advocates are planning their next moves as President Biden’s student debt relief plan hangs in the balance. During the Supreme Court oral arguments for the proposal last week, the majority-conservative justices seemed skeptical of the administration’s case, fueling panic for some borrowers….
What Biden might try next if his student loan forgiveness plan is struck down The Biden White House has been reluctant to talk about alternatives to its student loan relief plan for fear of undermining its case now before the Supreme Court, but should the justices strike down the proposal, they do have some options….
Supreme Court takes up another clash over Biden’s student debt relief plan The Supreme Court on Monday agreed to hear a second legal clash over President Biden’s ambitious student debt relief plan that is currently blocked by lower courts. The two cases involve an effort by the Biden administration to reinstate a loan forgiveness program…