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The American Recovery and Reinvestment Act of 2009 ( ARRA) ( Pub. L. 111–5 (text) (PDF) ), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009. Developed in response to the Great Recession, the primary objective of this federal statute was to save ...
The Health Care and Education Reconciliation Act of 2010 ( Pub. L. 111–152 (text) (PDF), 124 Stat. 1029) is a law that was enacted by the 111th United States Congress, by means of the reconciliation process, in order to amend the Affordable Care Act (ACA) ( Pub. L. 111–148 (text) (PDF) ). The law includes the Student Aid and Fiscal ...
The Emergency Economic Stabilization Act of 2008, also known as the " bank bailout of 2008 " or the " Wall Street bailout ", was a United States federal law enacted during the Great Recession, which created federal programs to "bail out" failing financial institutions and banks. The bill was proposed by Treasury Secretary Henry Paulson, passed ...
For the nearly 45 million Americans struggling to pay back student loans, many with no option but to default, they aren't giving a second thought to how the government will recover the money.
As a result of the litigation, President Biden extended the payment pause on federal student loans until June 30, 2023. If litigation has not been resolved by then, payments will begin 60 days ...
President Biden today wiped away an additional $9 billion in student debt. Since he took office, his administration has discharged $127 billion in student loan debt for more than 3.5 million ...
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 ...
Biden told reporters at the White House that his administration would pursue student loan relief through the Higher Education Act. In the 6-3 decision earlier Friday, the Supreme Court blocked ...