On Friday, President Joe Biden’s administration announced its latest student debt relief effort, authorizing $7.4 billion in student loan debt forgiveness for 277,000 borrowers. This latest round of debt forgiveness takes place under Biden’s Saving on a Valuable Education (SAVE) program, which ties monthly student loan payments and debt forgiveness …
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Reacting to the Supreme Court’s conservative majority ruling that affirmative action in higher education and President Joe Biden’s student debt relief plan are unconstitutional, Rep. Alexandria Ocasio-Cortez (D-NY) warned Sunday that the court is “beginning to assume the power of a legislature.” “They are expanding their role into acting as …
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President Joe Biden announced a plan to forgive up to $10,000 of federal student debt for borrowers making less than $125,000 a year, $20,000 for Pell Grant recipients, and an extension on loan payment deferments through December 31, 2023. Biden said in announcing the plan on Twitter that the move …
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The Biden administration announced it is rescinding a Trump administration rule that only gave partial relief to borrowers defrauded by for-profit institutions. The decision could affect 72,000 borrowers who received less than complete relief under the Trump-era formula and grant them a combined $1 billion in canceled loans. “Borrowers deserve …
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