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'
11 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'

Daily Mail  

Latest effort brings number of borrowers to have debt wiped to 4.3 million Debt is being wiped out for borrowers enrolled in the SAVE plan, Income-Driven Repayment plan and Public Service Loan Forgiveness plan The White House has announced it is wiping out another $7.4 billion in student loan debt for 277,000 borrowers, bringing the total canceled by the Biden administration to $153 billion. The Biden administration has canceled $153 billion in student loan debt through a series of efforts including the SAVE plan as well as changes to Income-Driven Repayment and Public Service Loan Forgiveness plans The bulk of the debt being forgiven on Friday comes through the SAVE plan, an income drive repayment plan that cuts down on the amount to time and money some borrowers have to pay before their student loan debt is forgiven. Biden Administration Student Loan Debt Forgiveness August 2022: Biden announces original plan to cancel up to $20,000 in student loan debt June 2023: Supreme Court blocks Biden's first student loan forgiveness plan August 2023: Biden announces income driven repayment SAVE plan February 2024: Biden administration begins canceling debt under the SAVE plan March 2024: 11 states sue to block the SAVE plan April 2024: Biden administration unveils new proposals to cancel student loan debt under the Higher Education Act April 2024: Seven states led by Missouri sue over the SAVE plan White House press secretary Karine Jean-Pierre blasted the lawsuits saying the Republican elected officials want to make their constituents monthly payments go up and keep them under a mountain of debt. Additionally, undergraduate borrowers who entered into repayment 20 or more years ago and graduate student borrowers who began repayment 25 or more years ago would Borrowers who have been enrolled in low-financial-value programs and those have have faced financial hardship paying back loans would President Biden released a video on Monday touting his latest student loan debt forgiveness proposals which would cancel accrued interest for millions, wipe debt for some borrowers who have not already enrolled but qualify for other programs and cancel debt for some who have been in repayment for 20 or more years Protesters outside the Supreme Court on June 30, 2023.

History of this topic

Trump order denies student loan relief to nonprofit workers engaged in ‘improper’ activity
2 weeks ago
Trump order denies student loan relief to nonprofit workers engaged in 'improper' activity
Trending News
2 weeks ago
Trump order denies student loan relief to nonprofit workers engaged in ‘improper’ activity
2 weeks ago
Could federal upheaval erase student loan debt? Not so fast
3 weeks, 1 day ago
Student loan forgiveness in US: Biden promised, will Trump fulfil?
1 month, 3 weeks ago
Biden administration cancels loans for 260,000 former Ashford University students
2 months ago
Biden cancels student debt for another 150,000 borrowers
2 months, 1 week ago
Millions have had student loans canceled under Biden — despite the collapse of his forgiveness plan
2 months, 1 week ago
Biden’s parting gift: Student loan debt relief
2 months, 1 week ago
House approves funding bill, sends to Senate hours before government shutdown deadline
3 months ago
Biden cancels $4.28 bn more in student debt before leaving office
3 months ago
$180 billion and counting: Joe Biden announces fresh cancellation of US student loans during final month in office
3 months ago
Biden cancels nearly $4.3 billion more in student loans, ‘I promised to…’
3 months ago
More student loans canceled in Biden’s final round of forgiveness before leaving office
3 months ago
White House starts scrapping pending rules, including student debt cancellation
3 months ago
More student loans canceled in Biden's final round of forgiveness before leaving office
3 months ago
Biden cancels another $4.2bn in US student loans before leaving office
3 months ago
Biden administration provides $4.28 billion in student debt relief
3 months ago
Biden scraps plans to cancel widespread student loan debt
3 months ago
Many student loans bills could double under Trump: report
3 months, 2 weeks ago
Some student loan borrowers may have to pay more under Trump
3 months, 2 weeks ago
Student loans and Trump: Borrowers brace for changes
4 months ago
Biden administration scrambles to spend funds, approve projects in its final weeks
4 months ago
Higher payments loom for many student loan borrowers under Trump
4 months, 1 week ago
What a Trump presidency might mean for student loan forgiveness
4 months, 1 week ago
Trump win clouds Biden's student debt cancellation efforts
4 months, 2 weeks ago
Biden trying again at student loan cancellation, this time for those with financial hardships
4 months, 3 weeks ago
Biden's Student Loan Repayment Plan Faces Legal Challenge as Court Sets Hearing
4 months, 3 weeks ago
The Biden administration has now canceled loans for more than 1 million public workers
5 months ago
Biden's student loan cancellation free to move forward as court order expires
5 months, 2 weeks ago
'Dangerous': Judge blocks student debt relief rule that doesn't exist yet
6 months, 2 weeks ago
Supreme Court rebuffs Biden administration plea to restore multibillion-dollar student debt plan
6 months, 3 weeks ago
Supreme Court keeps on hold Biden’s scaled-down plan to reduce student loan debt
6 months, 3 weeks ago
Supreme Court won’t reinstate Biden’s loan repayment program
6 months, 3 weeks ago
Biden administration cancels another $1.2bn in student loans for public service workers
8 months ago
Biden administration cancels another $1.2 billion in student loans for public service workers
8 months ago
Federal judges temporarily halt much of President Biden’s student debt forgiveness plan
8 months, 3 weeks ago
Biden’s student loan work gets tepid reviews — even among those with debt, an AP-NORC poll finds
9 months, 1 week ago
Biden administration cancelling student loans for another 160,000 borrowers
10 months ago
Biden administration canceling student loans for another 160,000 borrowers
10 months ago
Biden administration canceling student loans for another 160,000 borrowers
10 months ago
$6.1 billion in student loan debt canceled for enrollees at for-profit Art Institutes
10 months, 2 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
10 months, 3 weeks ago
Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
10 months, 3 weeks ago
Biden forgives more than $6 billion in loans for 317,000 Art Institutes students
10 months, 3 weeks ago
Biden accused of using student loan forgiveness program to PAY pro-Palestine activists with taxpayer dollars as campus protests continue
10 months, 3 weeks ago
Biden’s latest plan for student loan cancellation moves forward as a proposed regulation
11 months ago
The real reason Republicans oppose efforts to cancel student debt
11 months, 1 week ago
GOP lawmaker complaining about student debt relief gets a brutal reminder from White House
11 months, 1 week ago

Discover Related