The student loan pause has been extended until the end of the summer
2 years, 9 months ago

The student loan pause has been extended until the end of the summer

NPR  

The student loan pause has been extended until the end of the summer Enlarge this image toggle caption Chip Somodevilla/Getty Images Chip Somodevilla/Getty Images The Biden administration announced Wednesday that it is again extending the moratorium on federal student loan payments, interest and collections, this time until summer's end, Aug. 31. According to the latest department data, 500,000 federal student loan borrowers – out of more than 43 million – have been repaying their loans during the pause. Borrowers in default are getting a fresh start Perhaps the biggest news of today's announcement wasn't the extension itself, which was the worst-kept secret in Washington for weeks, but this vague line from the Education Department's press release: "The Department will continue to assess the financial impacts of the pandemic on student loan borrowers and to prepare to transition borrowers smoothly back into repayment. Sponsor Message This is big news for the roughly 7 million borrowers whose federal student loans are currently in default, many of whom had wages garnished and Social Security benefits withheld before the pandemic.

Education Student Loan End Biden Department Borrowers Student Loan Borrowers Npr Repayment Default Extension Pause Good Standing Defaulted Borrowers Loan Payments  pause  extended  department  repayment  loan  default  student  biden  end  summer  borrowers  extension  education

History of this topic

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

Biden cancels nearly $4.3 billion more in student loans, ‘I promised to…’
3 weeks ago

Biden cancels nearly $4.3 billion more in student loans, ‘I promised to…’

Hindustan Times  

Joe Biden has cancelled nearly $4.3 billion more in student loans as a final act of forgiveness before leaving office. President Joe Biden has cancelled nearly $4.3 billion in student loans Biden cancels nearly $4.3 billion in student loans for 55,000 public sector workers “From day one of my administration, I promised to make sure that higher education is a …

More student loans canceled in Biden’s final round of forgiveness before leaving office
3 weeks ago

More student loans canceled in Biden’s final round of forgiveness before leaving office

The Hindu  

The Biden administration is canceling federal student loans for another 55,000 workers through an existing program known as Public Service Loan Forgiveness. Under Mr. Biden, the Education Department loosened the rules for Public Service Loan Forgiveness, which previously had a 99% rejection rate amid burdensome rules and widespread confusion over eligibility requirements. With the latest round of relief, Mr. Biden …

White House starts scrapping pending rules, including student debt cancellation
3 weeks ago

White House starts scrapping pending rules, including student debt cancellation

Associated Press  

WASHINGTON — President Joe Biden is abandoning his efforts to provide some protections for transgender student athletes and cancel student loans for more than 38 million Americans, the first steps in an administration-wide plan to jettison pending regulations to prevent President-elect Donald Trump from retooling them to achieve his own aims. “This isn’t the way I wanted it to end,” …

Biden cancels another $4.2bn in US student loans before leaving office
3 weeks ago

Biden cancels another $4.2bn in US student loans before leaving office

Al Jazeera  

Move brings total in student loan forgiveness during Joe Biden’s term as president to $180bn, Education Department says. US President Joe Biden’s administration is cancelling student loans for another 55,000 people in the United States, amounting to $4.2bn in debt forgiveness just weeks before his time in office ends. Under Biden, the Education Department loosened the rules for public service …

Biden scraps plans to cancel widespread student loan debt
3 weeks ago

Biden scraps plans to cancel widespread student loan debt

Salon  

The Biden administration has withdrawn its proposals for large-scale student loan relief programs, closing the door on mass loan forgiveness in the remaining weeks of his term. The U.S. Department of Education is rescinding two of its major student loan proposals, which would have considered some amount of loan forgiveness for at least 38 million Americans, according to Politico. In …

Many student loans bills could double under Trump: report
1 month, 1 week ago

Many student loans bills could double under Trump: report

Raw Story  

Many student loan borrowers could see their bills double under Donald Trump's second term if his administration chooses not to defend the SAVE plan in court, or if Republicans in Congress eliminate the plan, according to a report. President Joe Biden's student loan repayment plan capped the monthly payment requirements at 5% of the borrower's income, which is half of …

Some student loan borrowers may have to pay more under Trump
1 month, 1 week ago

Some student loan borrowers may have to pay more under Trump

Salon  

Around 8 million student loan borrowers might see their monthly payments double if President-elect Donald Trump dismantles President Joe Biden's repayment plan, according to CNBC. But Trump has criticized broad-based student loan forgiveness and called Biden’s student loan relief program “vile” during his campaign. Bob Eitel, who served during the first Trump administration as a senior counselor to the education …

Student loans and Trump: Borrowers brace for changes
1 month, 2 weeks ago

Student loans and Trump: Borrowers brace for changes

Salon  

From the future of the Affordable Care Act to the fate of same-sex marriage, Donald Trump's reelection has prompted many questions over what to expect in the next four years. In Trump’s first term, he attempted to eliminate the Public Service Loan Forgiveness program, a federal initiative that forgives the remaining balance on direct loans. “Project 2025 calls for ending …

Biden administration scrambles to spend funds, approve projects in its final weeks
1 month, 3 weeks ago

Biden administration scrambles to spend funds, approve projects in its final weeks

LA Times  

Biden administration officials are working against the clock doling out billions in grants and taking other steps to try to preserve at least some of the outgoing president’s legacy before President-elect Donald Trump takes office in January. “Let’s make every day count,” President Biden said in an address to the nation after Vice President Kamala Harris conceded defeat to Trump …

Biden's Student Loan Repayment Plan Faces Legal Challenge as Court Sets Hearing
2 months, 2 weeks ago

Biden's Student Loan Repayment Plan Faces Legal Challenge as Court Sets Hearing

CNN  

The 8th US Circuit Court of Appeals is set to rule on a Republican-led lawsuit challenging President Joe Biden's student loan repayment plan. The SAVE (Saving on a Valuable Education) plan lowers monthly payments and shortens the time it takes to receive student loan forgiveness. If allowed to move forward, the repayment plan could be the most significant change the …

The Biden administration has now canceled loans for more than 1 million public workers
2 months, 3 weeks ago

The Biden administration has now canceled loans for more than 1 million public workers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails 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 {{ …

Is your student loan grace period ending? Here's what to know
2 months, 4 weeks ago

Is your student loan grace period ending? Here's what to know

Salon  

If you graduated college or left school in the spring, your six-month grace period for student loans is coming to an end. We need your help to stay independent Subscribe today to support Salon's progressive journalism Step 3: Choose a strategy If you have private student loans, you may want to explore refinancing them to get a lower interest rate. …

Supreme Court keeps on hold Biden’s scaled-down plan to reduce student loan debt
4 months, 1 week ago

Supreme Court keeps on hold Biden’s scaled-down plan to reduce student loan debt

LA Times  

The Supreme Court denied an emergency appeal from the Biden administration, saying it would wait for a further ruling from a U.S. appeals court in St. Louis. The Supreme Court on Wednesday kept on hold a plan by President Biden to reduce student loan monthly payments for millions of borrowers and cancel loans after they have been paid on for …

New Biden student loan repayment plan put on hold by appeals court
5 months, 3 weeks ago

New Biden student loan repayment plan put on hold by appeals court

LA Times  

President Biden’s efforts to relieve student debt have been bouncing among courts due to opposition from many GOP-led states. A federal appeals court has put a temporary hold on the Biden administration’s latest student loan repayment plan, leaving millions of borrowers in the dark about how to resolve their debts. The plan has helped “over 8 million borrowers access lower …

Biden administration cancels another $1.2 billion in student loans for public service workers
5 months, 3 weeks ago

Biden administration cancels another $1.2 billion in student loans for public service workers

Associated Press  

The Biden administration is cancelling an additional $1.2 billion in student loans for borrowers who work in public service through changes to an existing forgiveness program. The relief for roughly 35,000 borrowers was announced Thursday by the Education Department and made through changes to the Public Service Loan Forgiveness program, which benefits workers such as teachers, nurses and firefighters. “These …

Student loan borrowers can slash their monthly payments — for now. Here’s what to know
6 months, 1 week ago

Student loan borrowers can slash their monthly payments — for now. Here’s what to know

LA Times  

Student loan borrowers enrolled in a new federal repayment plan could see their monthly payments cut in half in the near future, thanks to a last-minute reprieve by a federal appeals court. “Where we are is just not fair for student loan borrowers.” The Education Department continues to work on a separate rule that would offer debt relief to an …

Appeals court allows part of Biden student loan repayment plan to go forward
6 months, 1 week ago

Appeals court allows part of Biden student loan repayment plan to go forward

Associated Press  

WASHINGTON — A federal appeals court has allowed the U.S. Education Department to move ahead with a plan to lower monthly payments for millions of student loan borrowers, putting on hold a ruling last week by a lower court. Circuit Court of Appeals puts back on track a central part of President Joe Biden’s efforts to address student debt — …

Appeals court allows part of Biden student loan repayment plan to go forward
6 months, 1 week ago

Appeals court allows part of Biden student loan repayment plan to go forward

LA Times  

A federal appeals court has allowed the U.S. Education Department to move ahead with a plan to lower monthly payments for millions of student loan borrowers, putting on hold a ruling last week by a lower court. Circuit Court of Appeals puts back on track a central part of President Biden’s efforts to address student debt — a rule that …

Biden administration cancelling student loans for another 160,000 borrowers
7 months, 2 weeks ago

Biden administration cancelling student loans for another 160,000 borrowers

Hindustan Times  

The Biden administration is cancelling student loans for another 160,000 borrowers through a combination of existing programs. A separate action by the Biden administration aimed to correct previous mistakes that delayed cancellation for some borrowers enrolled in other repayment plans and through Public Service Loan Forgiveness, which forgives loans for people who make 10 years of payments while working in …

Biden administration canceling student loans for another 160,000 borrowers
7 months, 2 weeks ago

Biden administration canceling student loans for another 160,000 borrowers

Associated Press  

WASHINGTON — The Biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs. A separate action by the Biden administration aimed to correct previous mistakes that delayed cancellation for some borrowers enrolled in other repayment plans and through Public Service Loan Forgiveness, which forgives loans for people who make 10 years of payments while …

Biden administration canceling student loans for another 160,000 borrowers
7 months, 2 weeks ago

Biden administration canceling student loans for another 160,000 borrowers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Biden administration is canceling …

$6.1 billion in student loan debt canceled for enrollees at for-profit Art Institutes
8 months, 1 week 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 …

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
8 months, 1 week 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

Daily Mail  

The Biden administration announced Wednesday it canceled $6 billion in student debt for borrowers who attended the Art Institutes between 2004 and 2017. Numerous legal actions accused the U.S. college chain of using 'pervasive' methods to entice students, including using one-time student Serena Williams ' multi-million dollar salary as a means to skew the average wage of alumni. People walk …

The deadline to consolidate some student loans to receive forgiveness is here. Here’s what to know
8 months, 1 week ago

The deadline to consolidate some student loans to receive forgiveness is here. Here’s what to know

Associated Press  

NEW YORK — Borrowers with some types of federal student loans have until today to consolidate their loans to qualify for full student loan cancellation or credit toward cancellation. The Education Department is expected to conduct a one-time adjustment in the summer but borrowers who want to be considered for the adjustment have to submit a request to consolidate their …

More student loan forgiveness available, but April 30 deadline looms
8 months, 1 week ago

More student loan forgiveness available, but April 30 deadline looms

LA Times  

Californians who obtained federally backed student loans from private banks can have some or all of their remaining debt forgiven by the Biden administration, but they need to act fast: The deadline for qualifying is Tuesday. The Education Department launched the Income Driven Repayment One-Time Adjustment initiative in 2022 to address complaints about loan servicing companies losing track of payments, …

Biden’s latest plan for student loan cancellation moves forward as a proposed regulation
8 months, 3 weeks ago

Biden’s latest plan for student loan cancellation moves forward as a proposed regulation

Associated Press  

WASHINGTON — President Joe Biden’s latest plan for student loan cancellation is moving forward as a proposed regulation, offering him a fresh chance to deliver on a campaign promise and energize young voters ahead of the November election. The Education Department said it’s still working on the details of that rule, with a separate proposal to come “in the coming …

Biden administration announces another round of loan cancellation under new repayment plan
8 months, 4 weeks ago

Biden administration announces another round of loan cancellation under new repayment plan

Associated Press  

WASHINGTON — The Biden administration is canceling student loans for another 206,000 borrowers as part of a new repayment plan that offers a faster route to forgiveness. More people are becoming eligible for student loan cancellation as they hit 10 years of payments, a new finish line for some loans that’s a decade sooner than what borrowers faced in the …

Biden administration announces another round of loan cancellation under new repayment plan
8 months, 4 weeks ago

Biden administration announces another round of loan cancellation under new repayment plan

LA Times  

President Biden’s administration has announced it is canceling student loans for 206,000 more borrowers as part of a new repayment plan. The Biden administration is canceling student loans for an additional 206,000 borrowers as part of a new repayment plan that offers a faster route to forgiveness. More people are becoming eligible for student loan cancellation as they hit 10 …

More Republican states sue to block Biden’s student loan repayment plan
9 months ago

More Republican states sue to block Biden’s student loan repayment plan

Associated Press  

WASHINGTON — Another group of Republican-led states is suing to block the Biden administration’s new student loan repayment plan, which offers a faster path to cancellation and has already been used to forgive loans for more than 150,000 borrowers. Seven states led by Missouri filed a federal lawsuit Tuesday challenging Biden’s SAVE Plan, which has become a new legal target …

Biden pitches student loan relief plan, 23 million Americans may benefit
9 months ago

Biden pitches student loan relief plan, 23 million Americans may benefit

India Today  

President Joe Biden announced on Monday plans to ease student debt that would benefit at least 23 million Americans, addressing a key issue for young voters whose support he needs as he seeks re-election in November. Republicans have called Biden's student loan forgiveness approach an overreach of his authority and an unfair benefit to college-educated borrowers while other borrowers received …

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

Daily Mail  

Goal is for the administration to start canceling debt under the plans this fall Plan includes debt cancelation for undergraduates who entered repayment 20 or more years ago and graduate students who entered repayment 25 years ago Borrowers could see up to $20,000 in unpaid student loan interest erased The Biden administration unveiled its latest effort to cancel millions in …

Biden proposes new student-debt relief. Here’s who would benefit
9 months ago

Biden proposes new student-debt relief. Here’s who would benefit

LA Times  

The Biden administration is proposing a rule to reduce or erase the debts of millions of student-loan borrowers. After months of hearings and negotiations, the Biden administration announced its latest plans Monday for student debt relief, proposing changes that would save about 30 million borrowers billions of dollars in total. Debt cancellation for students at schools or programs that were …

President Joe Biden will unveil his new plan to give student loan relief to many new borrowers
9 months ago

President Joe Biden will unveil his new plan to give student loan relief to many new borrowers

Associated Press  

WASHINGTON — President Joe Biden will announce his latest effort to broaden student loan relief next week for new categories of borrowers, according to three people familiar with the plans, nearly a year after the Supreme Court foiled his administration’s first attempt to cancel debt for millions who attended college. Biden called that decision a “mistake” and “wrong.” And the …

Republican states file lawsuit challenging Biden’s student loan repayment plan
9 months, 1 week ago

Republican states file lawsuit challenging Biden’s student loan repayment plan

Associated Press  

TOPEKA, Kan. — A group of Republican-led states is suing the Biden administration to block a new student loan repayment plan that provides a faster path to cancellation and lower monthly payments for millions of borrowers. It argues that the new plan is no different from Biden’s first attempt at student loan cancellation, which the Supreme Court rejected last year. …

78,000 more public workers are getting student loans canceled through Biden administration changes
9 months, 2 weeks ago

78,000 more public workers are getting student loans canceled through Biden administration changes

Associated Press  

WASHINGTON — Another 78,000 Americans are getting their federal student loans canceled through a program that helps teachers, nurses, firefighters and other public servants, the Biden administration announced Thursday. The Education Department is canceling the borrowers’ loans because they reached 10 years of payments while working in public service, making them eligible for relief under the Public Service Loan Forgiveness …

The case for no candidate like Biden ever again
9 months, 3 weeks ago

The case for no candidate like Biden ever again

Al Jazeera  

The past three years of United States President Joe Biden’s administration have been perceived as an amazing success and dismal failure, depending on who you ask. That was due to amendments to the Higher Education Act that Biden had also supported and that expanded student loans as the primary method to pay for tuition for first-generation students from families living …

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

President Biden Cancels Federal Student Loans For 153,000 Borrowers
10 months, 2 weeks ago

President Biden Cancels Federal Student Loans For 153,000 Borrowers

Huff Post  

LOADING ERROR LOADING CULVER CITY, Calif. — President Joe Biden announced Wednesday that his administration was automatically canceling federal student loans for nearly 153,000 borrowers, putting the spotlight on his debt cancellation efforts as he ramps up his reelection campaign. “Starting today, the first round of folks who are enrolled in our SAVE student loan repayment plan who have paid …

Student loans for nearly 153,000 borrowers are being canceled
10 months, 2 weeks 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 administration looks to expand student loan forgiveness to those facing ‘hardship’
10 months, 3 weeks ago

Biden administration looks to expand student loan forgiveness to those facing ‘hardship’

Associated Press  

WASHINGTON — Americans who are struggling to repay federal student loans because of financial hardship could get some of their debt canceled under President Joe Biden’s latest proposal for widespread loan forgiveness. Here’s what we know so far about who could be eligible for cancellation under the Biden plan: HARDSHIP Borrowers facing financial hardship could see relief under the newest …

Joe Biden forgives $5 billion in student loan debt ahead of presidential election
11 months, 2 weeks ago

Joe Biden forgives $5 billion in student loan debt ahead of presidential election

India Today  

US President Joe Biden on Friday announced student debt cancellation of nearly $5 billion for an additional 74,000 borrowers, including more than half who earned forgiveness after 10 years of public service as teachers, nurses and firefighters. Education Secretary Miguel Cardona said the department was moving "full speed ahead" with efforts to deliver even greater debt relief for more borrowers …

Biden Admin Will Start Canceling Student Loans For Some Borrowers In February
11 months, 4 weeks ago

Biden Admin Will Start Canceling Student Loans For Some Borrowers In February

Huff Post  

LOADING ERROR LOADING WASHINGTON — The Biden administration will start canceling student loans for some borrowers starting in February as part of a new repayment plan that’s taking effect nearly six months ahead of schedule. Loan cancellation was originally set to begin in July under the new SAVE repayment plan, but it’s being accelerated to provide faster relief to borrowers, …

Some Americans will get their student loans canceled in February as Biden accelerates his new plan
11 months, 4 weeks ago

Some Americans will get their student loans canceled in February as Biden accelerates his new plan

Associated Press  

WASHINGTON — The Biden administration will start canceling student loans for some borrowers in February as part of a new repayment plan that’s taking effect nearly six months ahead of schedule. Loan forgiveness was originally set to begin in July under the new SAVE repayment plan, but it’s being accelerated to provide faster relief to borrowers, President Joe Biden said …

Some Americans will get their student loans canceled in February as Biden accelerates his new plan
11 months, 4 weeks ago

Some Americans will get their student loans canceled in February as Biden accelerates his new plan

LA Times  

President Biden speaks on student loan debt forgiveness, in the Roosevelt Room of the White House on Oct. 4, 2023, in Washington. The Biden administration will start canceling student loans for some borrowers starting in February as part of a new repayment plan. The Biden administration will start canceling student loans for some borrowers in February as part of a …

Biden administration cuts pay for student loan servicers after a bungled return to repayment
1 year ago

Biden administration cuts pay for student loan servicers after a bungled return to repayment

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Biden administration is docking …

Student loan forgiveness isn't dead yet, and other takeaways from 2023
1 year ago

Student loan forgiveness isn't dead yet, and other takeaways from 2023

NPR  

Student loan forgiveness isn't dead yet, and other takeaways from 2023 Enlarge this image Margaret Flatley for NPR Margaret Flatley for NPR Federal student loan borrowers have had quite a year. Margaret Flatley for NPR Many, perhaps most borrowers will tell you that 2023 was the year the idea of "student loan forgiveness" died atop the mahogany bench of the …

Biden administration is moving toward a narrower student loan relief targeting groups of borrowers
1 year, 2 months ago

Biden administration is moving toward a narrower student loan relief targeting groups of borrowers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Biden administration is moving …

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