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The sweeping new proposals, if enacted, could ease student loan debt for millions of borrowers.
President Biden announced a sweeping effort to forgive up to $20,000 of federal student loan debt for Pell Grant recipients, and up to $10,000 for other borrowers making under $125,000 a year.
the debt. Critics of student loan forgiveness have questioned the fairness of directing relief at those who have benefited from a college education, which usually leads to higher wages....
The Supreme Court invalidated President Joe Biden’s student loan debt relief plan, meaning the proposal to forgive student loans will not go into effect.
The Biden administration is looking at an ambitious new way to determine which low-income Americans could qualify for student loan debt relief.
President Joe Biden's student loan debt relief plan would forgive up to $20,000 for borrowers. The Supreme Court could rule on the legality of it this summer.
WASHINGTON — President Biden announced a plan on Wednesday to wipe out significant amounts of student loan debt for tens of millions of Americans, saying he would cancel $10,000 in debt for those earning less than $125,000 per year and $20,000 for those who had received Pell grants for low-income families. Across the United States, 45 million people owe $1.6 trillion for federal loans taken out for college — more than they owe on car loans, credit cards or any consumer debt other than mortga...
The Supreme Court on Friday rejected a second request to block the Biden administration's student loan debt relief program.
A federal appeals court issued a nationwide injunction temporarily barring the Biden administration's student loan debt relief program.