Biden's Debt Relief Is The Biggest Break For Student Debtors In Decades
2 years, 3 months ago

Biden's Debt Relief Is The Biggest Break For Student Debtors In Decades

Huff Post  

LOADING ERROR LOADING President Joe Biden’s announcement Wednesday that the federal government would cancel a big chunk of student loan debt represents the biggest break student debtors have had in decades. Under the student loan cancellation Biden announced Wednesday, the federal government will cancel as much as $20,000 in debt for current or former student borrowers who also received need-based Pell Grants. “Democrats are literally using working Americans’ money to try to buy themselves some enthusiasm from their political base.” Antipathy toward college grads might help explain why federal law makes student debt almost as permanent as child support obligations or civil liability for injuries caused by drunk driving. That year, according to the Congressional Research Service, lawmakers said they feared student borrowers filing for bankruptcy right after graduation “and then enjoying a lifetime of income that education provides, but without the expense of paying back the loans.” Bankruptcy filers could still discharge student loan debt if repayment presented an “undue hardship” and the loan had come due five years prior to the bankruptcy filing, but Congress got rid of that option in 1998, essentially making student loan debt permanent.

History of this topic

Biden cancels $4.28 bn more in student debt before leaving office
4 days, 15 hours ago
$180 billion and counting: Joe Biden announces fresh cancellation of US student loans during final month in office
4 days, 15 hours ago
More student loans canceled in Biden’s final round of forgiveness before leaving office
4 days, 19 hours ago
Biden cancels another $4.2bn in US student loans before leaving office
5 days, 7 hours ago
Biden administration provides $4.28 billion in student debt relief
5 days, 7 hours ago
Biden scraps plans to cancel widespread student loan debt
5 days, 7 hours ago
Three-quarters of university graduates have student debts
1 week, 5 days ago
Many student loans bills could double under Trump: report
3 weeks, 1 day ago
Some student loan borrowers may have to pay more under Trump
3 weeks, 2 days ago
Student loans and Trump: Borrowers brace for changes
1 month ago
Higher payments loom for many student loan borrowers under Trump
1 month, 1 week ago
Trump win clouds Biden's student debt cancellation efforts
1 month, 2 weeks ago
Economists welcome student debt repayment changes but say government could do better for students than slash HECS debt
1 month, 3 weeks ago
Biden's Student Loan Repayment Plan Faces Legal Challenge as Court Sets Hearing
2 months ago
The Biden administration has now canceled loans for more than 1 million public workers
2 months, 1 week ago
My Family And I Were Trapped In A Financial Prison. Then I Received A 6-Word Letter That Changed My Life.
2 months, 4 weeks ago
'Dangerous': Judge blocks student debt relief rule that doesn't exist yet
3 months, 2 weeks ago
Supreme Court keeps on hold Biden’s scaled-down plan to reduce student loan debt
3 months, 3 weeks ago
Supreme Court won’t reinstate Biden’s loan repayment program
3 months, 3 weeks ago
Federal appeals court blocks remainder of Biden's student debt relief plan
5 months ago
Biden administration cancels another $1.2 billion in student loans for public service workers
5 months ago
Student loan borrowers can slash their monthly payments — for now. Here’s what to know
5 months, 3 weeks ago
Biden’s student loan work gets tepid reviews — even among those with debt, an AP-NORC poll finds
6 months, 2 weeks ago
Biden administration cancelling student loans for another 160,000 borrowers
7 months ago
Biden administration canceling student loans for another 160,000 borrowers
7 months ago
Biden administration canceling student loans for another 160,000 borrowers
7 months ago
$6.1 billion in student loan debt canceled for enrollees at for-profit Art Institutes
7 months, 3 weeks ago
Biden cancels $6 billion in student loans for 317,000 Americans scammed by art school and brings total handouts to more than $160 billion before the 2024 election
7 months, 3 weeks ago
Biden accused of using student loan forgiveness program to PAY pro-Palestine activists with taxpayer dollars as campus protests continue
8 months ago
Biden’s latest plan for student loan cancellation moves forward as a proposed regulation
8 months, 1 week ago
Column: Are Republicans who got pandemic debt relief hypocrites for complaining about student debt relief? Yes
8 months, 1 week ago
The real reason Republicans oppose efforts to cancel student debt
8 months, 1 week ago
GOP lawmaker complaining about student debt relief gets a brutal reminder from White House
8 months, 1 week ago
Biden cancels ANOTHER $7.4 BILLION in student loan debt: President has now erased $153 billion for 4.3 million Americans in scheme ripped by critics as a bid to 'buy votes'
8 months, 1 week ago
Biden administration announces another round of loan cancellation under new repayment plan
8 months, 1 week ago
Biden administration announces another round of loan cancellation under new repayment plan
8 months, 1 week ago
The 18 states suing the Biden administration over student loan debt
8 months, 2 weeks 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
8 months, 2 weeks ago
More Republican states sue to block Biden’s student loan repayment plan
8 months, 2 weeks ago
More Republican states sue to block Biden’s student loan repayment plan
8 months, 2 weeks ago
Biden pitches student loan relief plan, 23 million Americans may benefit
8 months, 2 weeks ago
What to know about Biden’s latest attempt at student loan cancellation
8 months, 2 weeks ago
Biden's massive bid to wipe student loan debt for 30 MILLION Americans: President plans to cancel unpaid interest for 23 million borrowers and erase all costs for four million who have been paying for
8 months, 2 weeks ago
Biden promotes ‘life-changing’ student loan relief in Wisconsin as he rallies younger voters
8 months, 2 weeks ago
Biden proposes new student-debt relief. Here’s who would benefit
8 months, 2 weeks ago
Granderson: Biden tries to forgive student loans as costs surge
8 months, 2 weeks ago
President Joe Biden will unveil his new plan to give student loan relief to many new borrowers
8 months, 2 weeks ago
Republican states file lawsuit challenging Biden’s student loan repayment plan
8 months, 3 weeks ago
78,000 more public workers are getting student loans canceled through Biden administration changes
9 months ago
The case for no candidate like Biden ever again
9 months, 1 week ago

Discover Related