{"id":596102,"date":"2023-10-31T00:31:19","date_gmt":"2023-10-30T21:31:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bidens-plan-b-gets-more-detailed\/"},"modified":"2023-10-31T00:31:19","modified_gmt":"2023-10-30T21:31:19","slug":"bidens-plan-b-gets-more-detailed","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bidens-plan-b-gets-more-detailed\/","title":{"rendered":"#Biden&#8217;s Plan B gets more detailed"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a288a9e7f869\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a288a9e7f869\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bidens-plan-b-gets-more-detailed\/#Narrower_student_loan_forgiveness_plan_could_still_affect_many_borrowers\" >Narrower student loan forgiveness plan could still affect many borrowers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bidens-plan-b-gets-more-detailed\/#Who_could_be_the_targets_of_student_loan_forgiveness_now\" >Who could be the targets of student loan forgiveness now?<\/a><\/li><\/ul><\/nav><\/div>\n<div id=\"\">\n<div id=\"videoWrap\" class=\"spacer-large videoWrap\" style=\"position:relative\"><media-video video-id=\"12193357002\" title=\"SCOTUS student debt relief decision blocks Biden's forgiveness program\" poster=\"https:\/\/www.gannett-cdn.com\/presto\/2023\/06\/30\/USAT\/ee1eb932-e5a7-4a8a-b4af-465eebc26fbb-SCOTUS_student_debt_thumb.png\" util-module-path=\"elements\/media\" placement=\"snow-video-story-priority\"><\/p>\n<div id=\"uwVideoPlaceholder\" slot=\"placeholder\" style=\"z-index:19;width:100%;padding-bottom:56.25%;position:relative\"><img decoding=\"async\" style=\"position:absolute;top:0;left:0;right:0;bottom:0;width:100%;height:100%;z-index:2\" src=\"https:\/\/www.gannett-cdn.com\/presto\/2023\/06\/30\/USAT\/ee1eb932-e5a7-4a8a-b4af-465eebc26fbb-SCOTUS_student_debt_thumb.png\"><\/p>\n<div class=\"vidplaybtn\" style=\"display:-moz-box;display:-ms-flexbox;display:-webkit-flex;display:flex;background-color:rgba(0,0,0,.4);border:2px solid #fff;border-radius:80px;cursor:pointer;height:80px;width:80px;position:absolute;top:50%;left:50%;transform:translate(-50%,-50%);z-index:10\"><img decoding=\"async\" class=\"vidplayicon\" src=\"https:\/\/www.gannett-cdn.com\/appservices\/universal-web\/universal\/icons\/icon-play-alt-white.svg\" alt=\"play\" style=\"height:40px;margin:auto 18px auto 27px;width:40px\"><\/div>\n<\/div>\n<div slot=\"videoDetails\" id=\"videoDetails\" class=\"videoDetails\" style=\"padding-top:8px;padding-bottom:8px\">\n<div id=\"videoDetailsContainer\" class=\"videoDetailsContainer\" hidden=\"\">SCOTUS student debt relief decision blocks Biden&#8217;s forgiveness program<\/p>\n<p>The Supreme Court blocked a key route for having all or some of America&#8217;s $1 trillion in student loan debt erased.<\/p>\n<p>Megan Smith, USA TODAY<\/p>\n<\/div>\n<\/div>\n<p><\/media-video><\/div>\n<p>The Biden administration is zeroing in on its alternative plan to provide millions of Americans student debt relief.<\/p>\n<partner-banner util-module-path=\"elements\/partner\" class=\"spacer-large\" min-height=\"600\" fluid=\"\" outstream=\"\" momentum=\"\"><\/partner-banner>\n<p>That plan, announced after the Supreme Court struck down the president&#8217;s original strategy for mass forgiveness, uses a process known as negotiated rulemaking, or &#8220;neg reg,&#8221; to secure the relief.<\/p>\n<p>In this case, the department is exploring changes to federal higher education law that would enable more borrowers to have their loans discharged. It&#8217;s meant to build off the forgiveness options available to certain borrowers through programs such as income-driven repayment and borrower defense to repayment, in which former students who attended predatory or low-value programs are relieved of their debt.\u00a0<\/p>\n<p>As part of this neg reg process, it became clear earlier this month that mass loan forgiveness on the scale of Biden&#8217;s original plan would be unlikely. On Monday, the department underscored that rather than mass forgiveness it will focus on five targeted populations, including those whose balances now exceed the amount they originally borrowed and those who graduated with unreasonable amounts of debt.<\/p>\n<partner-banner util-module-path=\"elements\/partner\" fluid=\"\" bottom=\"\" lazy=\"\" class=\"spacer-large\" min-height=\"390\" outstream=\"\"><\/partner-banner><partner-inline util-module-path=\"elements\/partner\" class=\"spacer-large\" placement=\"native-article_link\" sizes=\"[[300, 250], [3, 3]]\" min-height=\"250\" fluid=\"\" outstream=\"\"><\/partner-inline>\n<p><span class=\"exclude-from-newsgate\"><strong style=\"margin-right:3px\">Student loan forgiveness, Plan B: <\/strong>Large-scale student loan debt cancellation likely off the table in President Biden&#8217;s new attempt<\/span><\/p>\n<p>The Education Department announced it had developed draft regulations for most of those categories, also releasing an issue paper meant to guide forthcoming discussions among negotiators for the fifth category. That category entails borrowers who are facing various hardships not covered by existing forgiveness options.\u00a0<\/p>\n<p><cta-atoms-container-inline util-module-path=\"elements\/cta\" class=\"spacer-large\"><\/cta-atoms-container-inline><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/static.politico.com\/43\/06\/3925497a4bc9a9dbd023b9a4da10\/student-loan-debt-relief-proposed-regulatory-text-v1.pdf\">The draft text, published by POLITICO<\/a>, proposes one-time full or partial relief for borrowers whose loan balances exceed the amount originally taken out and for those who\u2019ve been in \u201crepayment\u201d status for at least 25 years. The document includes questions for negotiators to discuss, such as which borrowers would be eligible for the outsize-balance relief.<\/p>\n<partner-inline util-module-path=\"elements\/partner\" placement=\"native-article_link\" sizes=\"[[300, 250], [3, 3]]\" min-height=\"250\" fluid=\"\" outstream=\"\"><\/partner-inline>\n<h2 class=\"presto-h2 wp-block-heading\"><span class=\"ez-toc-section\" id=\"Narrower_student_loan_forgiveness_plan_could_still_affect_many_borrowers\"><\/span>Narrower student loan forgiveness plan could still affect many borrowers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>President Joe Biden&#8217;s original plan would have helped the overwhelming majority of the nation\u2019s 43.5 million people with student loan debt.\u00a0Administration officials said the ideas shared Monday, if realized, would still reach a large number of borrowers.<\/p>\n<partner-banner util-module-path=\"elements\/partner\" fluid=\"\" bottom=\"\" lazy=\"\" class=\"spacer-large\" min-height=\"600\" outstream=\"\" momentum=\"\"><\/partner-banner>\n<p>The proposals outlined in the documents, which haven&#8217;t been publicly released, will be shared with the committee&#8217;s negotiators ahead of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www2.ed.gov\/policy\/highered\/reg\/hearulemaking\/2023\/index.html?src=rn&amp;utm_content=&amp;utm_medium=email&amp;utm_name=&amp;utm_source=govdelivery&amp;utm_term=\">their next meeting<\/a>, which kicks off Nov. 6.\u00a0<\/p>\n<p>\u201cPresident Biden and I are committed to helping borrowers who\u2019ve been failed by our country\u2019s broken and unaffordable student loan system,\u201d U.S. Secretary of Education Miguel Cardona said in a statement. \u201cThese draft proposals would build on the historic $127 billion in loan forgiveness the Biden-Harris administration has already <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved for nearly 3.6 million borrowers. We are fighting to ensure that student debt does not stand in the way of opportunity or prevent borrowers from realizing the benefits of their higher education.\u201d\u00a0<\/p>\n<p>For advocates and borrowers looking for more, however, even that sum has been a disappointment, a Biden campaign promise gone unfulfilled.\u00a0<\/p>\n<p>The negotiators were selected to represent various constituencies, including different kinds of borrowers, various types of higher education institutions and servicers.\u00a0<\/p>\n<partner-banner util-module-path=\"elements\/partner\" fluid=\"\" bottom=\"\" lazy=\"\" class=\"spacer-large\" min-height=\"390\" outstream=\"\"><\/partner-banner>\n<p><span class=\"exclude-from-newsgate\"><strong style=\"margin-right:3px\">MOHELA made borrowers delinquent. <\/strong>Now the student loan servicer is being penalized<\/span><\/p>\n<p>The department, with the committee&#8217;s help, will continue to refine the draft rules after the next two-day meeting for discussion at the third session happening December 11 and 12. Once they are officially published next year, the public will be able to submit written comment.\u00a0<\/p>\n<p>If the committee isn&#8217;t in agreement about a proposal, the Education Department can craft its own plan.<\/p>\n<partner-inline util-module-path=\"elements\/partner\" class=\"spacer-large\" placement=\"native-article_link\" sizes=\"[[300, 250], [3, 3]]\" min-height=\"250\" fluid=\"\" outstream=\"\"><\/partner-inline>\n<p>Those who wish to provide public testimony may do so <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www2.ed.gov\/policy\/highered\/reg\/hearulemaking\/2023\/index.html?src=rn&amp;utm_content=&amp;utm_medium=email&amp;utm_name=&amp;utm_source=govdelivery&amp;utm_term=\">via this link<\/a>.\u00a0<\/p>\n<h2 class=\"presto-h2 wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_could_be_the_targets_of_student_loan_forgiveness_now\"><\/span>Who could be the targets of student loan forgiveness now?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>More specifically, the Education Department said borrowers who could be affected include those who:\u00a0<\/p>\n<ul>\n<li>Have been paying on their loans 25 or more years;\u00a0<\/li>\n<li>Because of interest, have federal student loan balances that are more than the amount they originally borrowed to attend college;\u00a0<\/li>\n<li>Borrowed money to attend career-training programs that created \u201cunreasonable debt loads\u201d or didn\u2019t result in enough income for graduates, or attended colleges that have what the Education Department called \u201cunacceptably high\u201d student loan default rates.\u00a0<\/li>\n<li>Are eligible for plans that align payments to income, are eligible for Public Service Loan Forgiveness because of their jobs or closed school loan discharges, but they haven\u2019t applied for any of these options; and\u00a0<\/li>\n<li>Have a financial hardship the student loan system doesn\u2019t already address. When the committee considering student debt relief met earlier this month, these borrowers came up. One example included people with chronic illnesses.<\/li>\n<\/ul>\n<p><em>Contact Alia Wong at (202) 507-2256 or awong@usatoday.com. Follow her on X at @aliaemily.<\/em><\/p>\n<lit-timestamp class=\"column ten-column no-gutter spacer-small\" slot=\"timestamp\" publishdate=\"2023-10-30 21:31:19 +0000 UTC\" updatedate=\"2023-10-31 06:20:03 +0000 UTC\"><\/lit-timestamp><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.usatoday.com\/story\/news\/education\/2023\/10\/30\/student-loan-forgiveness-biden-plan-b-update\/71385449007\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SCOTUS student debt relief decision blocks Biden&#8217;s forgiveness program The Supreme Court blocked a key route for having all or some of America&#8217;s $1 trillion in student loan debt erased. Megan Smith, USA TODAY The Biden administration is zeroing in on its alternative plan to provide millions of Americans student debt relief. That plan, announced&#8230;<\/p>\n","protected":false},"author":1,"featured_media":596103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.gannett-cdn.com\/authoring\/authoring-images\/2023\/10\/11\/USAT\/71143486007-usatsi-20107938.jpg?auto=webp&crop=3999,2251,x0,y207&format=pjpg&width=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-596102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/596102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=596102"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/596102\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/596103"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=596102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=596102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=596102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}