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President Biden is trying again to cancel student loan debt for up to 25 million borrowers after the Supreme Court killed his first effort to do so last year. The new plan draws on a different ...
Student loan relief and the ever-growing cost of higher education has become a major issue in the U.S., and Biden promised to look into cancelation options during his first run for president.
Updated April 12, 2024 at 3:14 PM. WASHINGTON — President Joe Biden announced Friday that his administration is canceling $7.4 billion in student loans for 277,000 borrowers. The White House ...
February 22, 2024 at 7:00 AM. Andrii Dodonov / Getty Images/iStockphoto. President Joe Biden has been fighting for student loan debt forgiveness over the past few years of his term. In 2023, the ...
Biden v. Nebraska, 600 U.S. 477 (2023), was a United States Supreme Court case related to the forgiveness of federal student loans by the Biden administration in 2022, challenged by multiple states. The Supreme Court's ruling was issued on June 30, 2023, ruling 6–3 that the Secretary of Education did not have the power to waive student loans ...
The new plans are the administration’s latest efforts to provide relief to borrowers of student loans after the Supreme Court struck down Biden’s original plan to cancel up to $20,000 in debt ...
The Biden administration discharged another $4.8 billion in student loan debt for more than 80,000 borrowers, the Education Department announced Wednesday. That brings the total amount discharged ...
In addition, since federal student loans do not limit the amount a lender can borrow, this has allowed public as well as private colleges to increase their tuitions. In February 2023, the U.S. Supreme Court heard oral arguments in Biden v. Nebraska concerning President Biden's order to cancel student loan debt for an estimated 40 million debtors.