Anonymous Donor Clears Student Debt For Over 100 Graduates At Texas HBCU
2 years, 7 months ago

Anonymous Donor Clears Student Debt For Over 100 Graduates At Texas HBCU

Huff Post  

LOADING ERROR LOADING During their commencement ceremony on Saturday, over 100 graduates at Wiley College in Marshall, Texas, found out that an anonymous donor had paid off their class’ student debt. Herman J. Felton Jr., the president and CEO of Wiley College, informed the graduating class of 2022 of the news during his commencement speech at the historically Black college. “We are constantly communicating with donors to assist students in these ways so that they can begin their after-college experience with less debt.” Felton said he’s grateful for the anonymous donor, whose donation will help the college “achieve institutional goals of graduating our students with little to no debt.” Wiley College did not immediately reply to HuffPost’s request for comment. “I’m in the process of taking a hard look at whether or not there will be additional debt forgiveness, and I’ll have an answer on that in the next couple of weeks.” Prior to the anonymous donation to Wiley College, philanthropist MacKenzie Scott donated $20 million to Morehouse College in 2020, and billionaire Robert Smith gifted $34 million to the graduating class of Morehouse in 2019.

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History of this topic

Biden cancels $4.28 bn more in student debt before leaving office
3 days, 13 hours ago

Biden cancels $4.28 bn more in student debt before leaving office

Raw Story  

U.S. President Joe Biden said Friday he was canceling student loans for an additional 55,000 Americans, which would amount to wiping out $4.28 billion in debt in his final month in office. US Secretary of Education Miguel Cardona said in a statement that Friday's approval brings the total amount secured during Biden's four years in office to "nearly $180 billion …

$180 billion and counting: Joe Biden announces fresh cancellation of US student loans during final month in office
3 days, 13 hours ago

$180 billion and counting: Joe Biden announces fresh cancellation of US student loans during final month in office

Live Mint  

US President Joe Biden said Friday he was canceling student loans for an additional 55,000 Americans, which would amount to wiping out $4.28 billion in debt in his final month in office. The mass cancellation of debt is for "teachers, nurses, service members, law enforcement officials, and other public service workers who have dedicated their lives to giving back to …

Higher payments loom for many student loan borrowers under Trump
1 month, 1 week ago

Higher payments loom for many student loan borrowers under Trump

LA Times  

USC students attend graduation from Viterbi School of Engineering at the Galen Center in Los Angeles on May 10, 2024. Here is a rundown of where the major Biden student debt relief initiatives stand: Current debt relief programs In July 2023, the Education Department launched the first elements of its Saving on a Valuable Education repayment plan to cut payments …

$6.1 billion in student loan debt canceled for enrollees at for-profit Art Institutes
7 months, 3 weeks ago

$6.1 billion in student loan debt canceled for enrollees at for-profit Art Institutes

LA Times  

People walk past the Art Institute of Philadelphia in 2015. The Biden administration on Wednesday said it will cancel $6 billion in student loans for people who attended the Art Institutes, a system of for-profit colleges that closed in 2023 amid accusations of fraud. On Wednesday, the Biden administration announced that it was canceling $6.1 billion in student loan debt …

REVEALED: The 18 states suing the Biden administration over bid to cancel BILLIONS in student debt... as president pushes latest bid despite legal concerns
8 months, 1 week ago

REVEALED: The 18 states suing the Biden administration over bid to cancel BILLIONS in student debt... as president pushes latest bid despite legal concerns

Daily Mail  

Eighteen Republican led states are attempting to block President Biden's student loan forgiveness effort to cancel billions in student loan debt. The lawsuit comes after eleven other states led by Kansas recently filed another lawsuit against the Biden administration over the program that began forgiving student loan debt earlier this year. President Biden at an event to address student loan …

What to know about Biden’s latest attempt at student loan cancellation
8 months, 2 weeks ago

What to know about Biden’s latest attempt at student loan cancellation

Associated Press  

WASHINGTON — President Joe Biden is taking another shot at student loan cancellation, hoping to deliver on a key campaign promise that he has so far failed to fulfill. Biden’s first attempt at widespread student loan cancellation would have erased $10,000 for borrowers with yearly incomes of up to $125,000, plus an additional $10,000 if they received federal Pell grants …

Biden’s Plan B on Student Loan Forgiveness Is a Massive and Improbable Success
54 years, 11 months ago

Biden’s Plan B on Student Loan Forgiveness Is a Massive and Improbable Success

Slate  

The Supreme Court’s rejection of President Joe Biden’s student debt cancellation plan last year was a major blow to his agenda. The administration has also prioritized relief for lower-income borrowers, making critical improvements to the income-driven repayment program that has already canceled $45.6 billion in student loan debt for 930,500 borrowers. Biden’s Education Department has also been cracking down on …

Student loans for nearly 153,000 borrowers are being canceled
10 months ago

Student loans for nearly 153,000 borrowers are being canceled

Associated Press  

CULVER CITY, Calif. — President Joe Biden said Wednesday that while a college degree was still a ticket to a better life, that ticket is often too expensive, as he announced he was canceling federal student loans for nearly 153,000 borrowers. “Starting today, the first round of folks who are enrolled in our SAVE student loan repayment plan who have …

Biden, at Culver City stop, announces $1.2 billion in student debt forgiveness
10 months ago

Biden, at Culver City stop, announces $1.2 billion in student debt forgiveness

LA Times  

President Biden announces the cancellation of $1.2 billion in student loan debt during a visit Wednesday to the Julian Dixon Library in Culver City. President Biden announced the cancellation Wednesday of $1.2 billion in student loan debt for more than 150,000 borrowers, saying the relief will allow them to buy homes, start families and otherwise benefit the economy. “In Biden’s …

‘We’re not done yet,’ Joe Biden waves off $9 Billion student loan with a catch
1 year, 2 months ago

‘We’re not done yet,’ Joe Biden waves off $9 Billion student loan with a catch

Hindustan Times  

President Joe Biden outlined a new round of federal student loan forgiveness on Wednesday to address the “unsustainable debt” that borrowers accumulate to complete their college education. U.S President Joe Biden is announcing an additional $9 billion in student debt relief for 125,000 more Americans, bringing the total debt relief to $127 billion for nearly 3.6 million Americans, according to …

Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
1 year, 2 months ago

Borrowers are reassessing their budgets as student loan payments resume after pandemic pause

Associated Press  

NEW YORK — Millions of Americans must start repaying their federal student loans again in October, with monthly payments averaging hundreds of dollars. “If they were forgiven out of the blue, I’d be ecstatic.” The Supreme Court in July rejected a plan by President Joe Biden’s administration to wipe away $400 billion in student loan debt. On an earnings call …

New rule will cut federal money to college programs that leave grads with high debt, low pay
1 year, 2 months ago

New rule will cut federal money to college programs that leave grads with high debt, low pay

Associated Press  

WASHINGTON — College programs that consistently leave graduates with low pay or unaffordable loans will lose access to federal money under a new rule being finalized by the Biden administration. “The finalized Gainful Employment rule is a major step towards enacting more front-end protections to ensure students aren’t being taken advantage of by predatory schools and programs,” said Aaron Ament, …

Student debt cancellation: On key initiatives, President Biden keeps getting sabotaged by his own allies.
1 year, 5 months ago

Student debt cancellation: On key initiatives, President Biden keeps getting sabotaged by his own allies.

Slate  

President Joe Biden’s student debt relief proposal is very popular; roughly 3 in 5 Americans support it. So the court’s decision to kill Biden’s student debt relief policy—and take between $10,000 and $20,000 out of the pockets of needy Americans—could mean electoral gains for Democrats. “But the answer to these problems is not the unchecked aggrandizement of executive power.” The …

Explained | The U.S. student loan crisis and Joe Biden’s new cancellation plan
1 year, 5 months ago

Explained | The U.S. student loan crisis and Joe Biden’s new cancellation plan

The Hindu  

The story so far: United States President Joe Biden has already released a new plan to cancel billions in student loan debt after the conservative majority Supreme Court of the U.S. in a 6-3 decision on June 30 blocked his ambitious plan to cancel $430 billion in debt. The president announced on the day of the Court ruling that the …

Stunned US students start GoFundMe pages after court's debt order: ‘When I heard…’
1 year, 5 months ago

Stunned US students start GoFundMe pages after court's debt order: ‘When I heard…’

Hindustan Times  

Student who are facing crippling debt are turning to GoFundMe in hopes of finding some financial relief through crowdfunding as the US Supreme Court effectively struck down Joe Biden's $400 billion student loan forgiveness program, affecting many students. Education costs have soared in America pushing students into debt crisis as about 43 million Americans have federal student loan debt collectively …

What Biden Plans to Do Next About Student Debt
54 years, 11 months ago

What Biden Plans to Do Next About Student Debt

Slate  

The Supreme Court just undid what was meant to be a signature achievement of President Joe Biden’s presidency: a student debt forgiveness plan that would have provided relief to 43 million Americans. Biden announced two new programs, in part to provide debt relief before federal student loan repayments resume in October. Harvard Law School even examined the secretary’s authority to …

Supreme Court strikes down Biden’s plan to cancel student loan debts
1 year, 5 months ago

Supreme Court strikes down Biden’s plan to cancel student loan debts

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The US Supreme Court has struck down president Joe Biden’s …

In student loan and affirmative action rulings, advocates fear losses for racial equality
1 year, 6 months ago

In student loan and affirmative action rulings, advocates fear losses for racial equality

Associated Press  

WASHINGTON — As a Black student who was raised by a single mother, Makia Green believes she benefited from a program that gave preference to students of color from economically disadvantaged backgrounds when she was admitted over a decade ago to the University of Rochester. “Despite today’s upsetting ruling, we demand that the Biden Administration delivers on the promise of …

Supreme Court seems ready to reject student loan forgiveness
1 year, 9 months ago

Supreme Court seems ready to reject student loan forgiveness

Associated Press  

WASHINGTON — Conservative justices holding the Supreme Court’s majority seem ready to sink President Joe Biden’s plan to wipe away or reduce student loans held by millions of Americans. In arguments lasting more than three hours Tuesday, Chief Justice John Roberts led his conservative colleagues in questioning the administration’s authority to broadly cancel federal student loans because of the COVID-19 …

‘Student debt is a crisis’: Activists rally outside Supreme Court for loan forgiveness
1 year, 9 months ago

‘Student debt is a crisis’: Activists rally outside Supreme Court for loan forgiveness

LA Times  

People rally outside the Supreme Court on Tuesday to show support for the Biden administration’s student debt relief plan while the court hears oral arguments in two cases challenging that plan. Hundreds of debt advocates and progressive political organizers gathered outside the Supreme Court on Tuesday while justices heard oral arguments in two cases challenging President Biden’s plan to cancel …

Explained | What’s the latest on Biden’s U.S. student loan forgiveness?
2 years, 1 month ago

Explained | What’s the latest on Biden’s U.S. student loan forgiveness?

The Hindu  

The story so far: U.S. President Joe Biden's plan to forgive federal student loans, first announced in August, has been blocked by two legal challenges, clouding the financial future for millions of American students and graduates. The six Republican-run states that have sued to block Mr. Biden's executive order argue he skirted congressional authority and the plan threatens future tax …

Biden facing pressure to extend student loan payment pause
2 years, 1 month ago

Biden facing pressure to extend student loan payment pause

Associated Press  

WASHINGTON — In the days and weeks before the midterm election, President Joe Biden trumpeted his plan to cancel billions in student loans as he rallied young people to support Democrats. “We bear no blame in this broken system.” The impasse has left the White House in a bind over whether to extend the moratorium if the legal battle drags …

Essential Politics: Republicans are trying to block Biden’s student loan forgiveness plan
2 years, 1 month ago

Essential Politics: Republicans are trying to block Biden’s student loan forgiveness plan

LA Times  

Like much of the nation, I was stunned when President Biden canceled a limited amount of federal student debt. The legal strategies Ted Frank, director of litigation at the Hamilton Lincoln Law Institute, a Washington-based nonprofit public interest law firm, said he thinks Biden’s plan is “pretty clearly illegal as an abstract matter.” Frank believes that the Biden administration guessed …

GOP states sue Biden administration over student loan plan
2 years, 2 months ago

GOP states sue Biden administration over student loan plan

Associated Press  

WASHINGTON — Six Republican-led states are suing the Biden administration in an effort to halt its plan to forgive student loan debt for tens of millions of Americans, accusing it of overstepping its executive powers. Those borrowers, whose loans are backed by the federal government but owned by private banks — a relic of defunct lending programs — are now …

Biden’s Student Debt Relief Plan to Cost $400 Billion, Numbers Likely to Fuel Debate Between Dems, GOP
2 years, 2 months ago

Biden’s Student Debt Relief Plan to Cost $400 Billion, Numbers Likely to Fuel Debate Between Dems, GOP

News 18  

US President Joe Biden’s plan to forgive part of the country’s massive student debt burden is estimated to cost the government $400 billion, the Congressional Budget Office said Monday. “CBO estimates that the cost of student loans will increase by about an additional $400 billion in present value” as a result of the debt forgiveness, it said. But a White …

CBO: Biden’s student debt plan would cost $400 billion
2 years, 2 months ago

CBO: Biden’s student debt plan would cost $400 billion

Associated Press  

President Joe Biden’s plan for student debt cancellation will cost the federal government about $400 billion over the next 30 years, according to new estimates from the Congressional Budget Office. The Biden administration previously estimated the plan would cost about $24 billion a year over the next 10 years — about $240 billion for the decade — while other estimates …

White House trolls Marjorie Taylor Greene for student loan criticism: ‘She had $183k in PPP loans repaid’
2 years, 3 months ago

White House trolls Marjorie Taylor Greene for student loan criticism: ‘She had $183k in PPP loans repaid’

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The White House called out congresswoman Marjorie Taylor Greene on …

Student loan relief highlights burden on Black borrowers
2 years, 3 months ago

Student loan relief highlights burden on Black borrowers

Associated Press  

Gabrielle Perry, a 29-year-old epidemiologist in New Orleans, expects $20,000 of her $135,000 student loan debt to be wiped out under the plan announced this week by President Joe Biden. So your quote-unquote wealth doesn’t even have time to be built because you’re trying to help your family survive.” Black borrowers on average carry about $40,000 in federal student loan …

Conservatives Throw A Fit Over Biden's Student Debt Forgiveness Plan
2 years, 3 months ago

Conservatives Throw A Fit Over Biden's Student Debt Forgiveness Plan

Huff Post  

LOADING ERROR LOADING President Joe Biden’s announcement Wednesday that the U.S. Department of Education would cancel $10,000 to $20,000 in student debt for millions of people was good news to many who took out federal loans to go to school. Biden's student loan forgiveness plan may win Democrats some votes, but it fuels inflation, foots taxpayers with other people’s financial …

Student loan forgiveness could help more than 40 million
2 years, 3 months ago

Student loan forgiveness could help more than 40 million

Associated Press  

WASHINGTON — More than 40 million Americans could see their student loan debt reduced — and in many cases eliminated — under the long-awaited forgiveness plan President Joe Biden announced Wednesday, a historic but politically divisive move in the run-up to the midterm elections. “And so we end up in debt.” The plan doesn’t apply to future college students, but …

Laurence Tribe: Harvard professor ambushed by conservatives for praising Biden’s student loan forgiveness
2 years, 3 months ago

Laurence Tribe: Harvard professor ambushed by conservatives for praising Biden’s student loan forgiveness

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A professor at Harvard drew the ire of conservatives on …

Column: Republicans attacking student loan relief as a taxpayer burden got their own degrees on taxpayers’ dime
2 years, 3 months ago

Column: Republicans attacking student loan relief as a taxpayer burden got their own degrees on taxpayers’ dime

LA Times  

Royce Hall at UCLA, which was free for California students until 1970. President Biden’s student loan relief proposal, including a freeze on payments through the end of the year and forgiveness of $10,000 to $20,000 in loan balances, has elicited predictable cries of outrage from Republicans. ‘A slap in the face to working Americans.’ — Description of Biden’s student debt …

Biden announces relief for indebted U.S. university graduates
2 years, 3 months ago

Biden announces relief for indebted U.S. university graduates

The Hindu  

U.S. President Joe Biden on Wednesday announced that most university graduates still trying to pay off student loans will each get $10,000 in relief, addressing a decades-old headache of massive educational debt across the country. "In keeping with my campaign promise, my administration is announcing a plan to give working and middle-class families breathing room," Mr. Biden said in a …

Biden administration to cancel at least $10K in student loan debt
2 years, 4 months ago

Biden administration to cancel at least $10K in student loan debt

Al Jazeera  

President Joe Biden says loan forgiveness will help ‘families that need it most’ amid debt crisis in the United States. He said his administration, which also extended a freeze on student loan repayments through the end of the year, hopes to “provide more breathing room for people” burdened by their debt. “Now, countless individuals, many Latinos, will soon get some …

The road to student loan forgiveness
2 years, 4 months ago

The road to student loan forgiveness

LA Times  

On Wednesday, President Biden announced that $10,000 of student loan debt per borrower will be forgiven for individuals earning less than $125,000 annually. Pressure from the public — and fellow Democrats — to cancel student debt has been constant since Biden took office. At that point, then-President Trump had announced a pause on student loan payments due to the coronavirus …

Student loan help for millions coming from Biden after delay
2 years, 4 months ago

Student loan help for millions coming from Biden after delay

Associated Press  

WASHINGTON — President Joe Biden on Wednesday is set to announce his long-delayed move to forgive up to $10,000 in federal student loans for many Americans and extend a pause on payments to January, according to three people familiar with the plan. “President Biden’s decision on student debt cannot become the latest example of a policy that has left Black …

‘I feel stuck’: Inside the growing US student debt crisis
2 years, 4 months ago

‘I feel stuck’: Inside the growing US student debt crisis

Al Jazeera  

With the pause on student loan payments expiring at end of August, will Joe Biden give borrowers a break and extend it? As the country’s student loan debt crisis deepens, borrowers, policymakers, and economists agree that something must be done – but what exact steps need to be taken remains up for debate. “Many of the people who were already …

Settlement would forgive $6B for defrauded college students
2 years, 6 months ago

Settlement would forgive $6B for defrauded college students

Associated Press  

The Biden administration has agreed to cancel $6 billion in student loans for about 200,000 former students who say they were defrauded by their colleges, according to a proposed settlement in a Trump-era lawsuit. The agreement filed Wednesday in San Francisco federal court would automatically cancel federal student debt for students who were enrolled at one of more than 150 …

U.S. will forgive $5.8 billion of loans to Corinthian Colleges students
2 years, 6 months ago

U.S. will forgive $5.8 billion of loans to Corinthian Colleges students

NPR  

U.S. will forgive $5.8 billion of loans to Corinthian Colleges students Enlarge this image toggle caption Christine Armario/AP Christine Armario/AP The U.S. Department of Education will forgive $5.8 billion of federal student loans for those who attended Corinthian Colleges, a chain of for-profit schools that deceived students about their job placement rates and students' ability to transfer credits. 'Wholesale financial …

Former Corinthian students get federal student debt erased
2 years, 6 months ago

Former Corinthian students get federal student debt erased

Associated Press  

WASHINGTON — Hundreds of thousands of students who attended the for-profit Corinthian Colleges chain will automatically get their federal student loans canceled, the Biden administration announced Wednesday, a move that aims to bring closure to one of the most notorious cases of fraud in American higher education. “For far too long, Corinthian engaged in the wholesale financial exploitation of students, …

GOP Leader Kevin McCarthy dismisses Biden's reported plan to forgive student loan debt as a 'stunt'
2 years, 7 months ago

GOP Leader Kevin McCarthy dismisses Biden's reported plan to forgive student loan debt as a 'stunt'

Daily Mail  

President Joe Biden appears to be increasingly open to taking executive action on federal student debt forgiveness as the midterm elections loom House Minority Leader Kevin McCarthy on Friday dismissed President Joe Biden's reported plan to forgive $10,000 in federal student loans per borrower as a political 'stunt.' It was reported Friday that Biden could take executive action to wipe …

Dem lawmaker: Biden suggests he’ll ease student loan burden
2 years, 7 months ago

Dem lawmaker: Biden suggests he’ll ease student loan burden

Associated Press  

WASHINGTON — President Joe Biden has signaled he might forgive some student loan debt and further extend the federal moratorium on repayments, a lawmaker who discussed the issue with him said Wednesday. Next question.’” Cardenas said he then asked about forgiving at least $10,000 in debt for each student, which he said the caucus believes Biden can do using executive …

Loan relief approved for more for-profit college students
3 years, 5 months ago

Loan relief approved for more for-profit college students

Associated Press  

The U.S. Education Department on Friday announced it will forgive student loans for more than 1,800 borrowers who attended a trio of for-profit colleges that made false recruiting claims and left many students unable to find jobs. The Biden administration is erasing more than $55 million in debt for former students of Westwood College, the Marinello Schools of Beauty and …

Biden administration cancels $500m in student loan debt for 18,000 students defrauded by college
3 years, 6 months ago

Biden administration cancels $500m in student loan debt for 18,000 students defrauded by college

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} The …

Loan relief granted to defrauded for-profit college students
3 years, 6 months ago

Loan relief granted to defrauded for-profit college students

Associated Press  

The U.S. Education Department said Wednesday it’s erasing student debt for thousands of borrowers who attended a for-profit college chain that made exaggerated claims about its graduates’ success in finding jobs. The Biden administration said it is approving 18,000 loan forgiveness claims from former students of ITT Technical Institute, a chain that closed in 2016 after being dealt a series …

Thousands Of Defrauded ITT Tech Students Are Getting Their Loans Erased
3 years, 6 months ago

Thousands Of Defrauded ITT Tech Students Are Getting Their Loans Erased

NPR  

Thousands Of Defrauded ITT Tech Students Are Getting Their Loans Erased Enlarge this image toggle caption Rich Pedroncelli/AP Rich Pedroncelli/AP The U.S. Education Department said Wednesday it's erasing student debt for thousands of borrowers who attended a for-profit college chain that made exaggerated claims about its graduates' success in finding jobs. The Biden administration said it is approving 18,000 loan …

Pressley, Warren push Biden to nix $50,000 in student debt
3 years, 8 months ago

Pressley, Warren push Biden to nix $50,000 in student debt

Associated Press  

BOSTON — President Joe Biden should help those struggling under crushing student loan debt by immediately canceling up to $50,000 of debt for federal student loan borrowers, Democratic elected officials said Thursday. “We’re all here to call on President Biden to do right by the movement that elected him and to use his executive authority to cancel $50,000 in federal …

FACT CHECK: Biden's Comments On Loan Forgiveness And Elite Colleges
3 years, 10 months ago

FACT CHECK: Biden's Comments On Loan Forgiveness And Elite Colleges

NPR  

FACT CHECK: Biden's Comments On Loan Forgiveness And Elite Colleges Enlarge this image LA Johnson/NPR LA Johnson/NPR At a CNN town hall on Tuesday night, President Biden was asked if he supported the idea of forgiving up to $50,000 of student loan debt for individuals. Sponsor Message But here's the problem: Regardless of the broader question about whether loan forgiveness …

Could Biden’s student loan freeze argue for bigger debt relief?
3 years, 11 months ago

Could Biden’s student loan freeze argue for bigger debt relief?

Al Jazeera  

The US government doesn’t expect to collect hundreds of billions of dollars from people who took out student loans, leading some to ask ‘Why not try to erase those debts now?’ Thanks to vagaries of the accounting world, Donald Trump’s administration had a chance in the final weeks of the presidential race to cancel more than $200 billion of student …

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