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On October 6, 2021, the Biden administration announced a temporary waiver allowing past payments to qualify even if they had the wrong loan type or payment plan. [11] As of March 2022 100,000 people have had over $6.2 billion of student loans canceled as a result of the waiver, [ 12 ] however, many problems still persist.
U.S. District Judge John Ross in St. Louis had in June blocked the administration from continuing to provide debt forgiveness for some smaller loans in as few as 10 years, compared to the 20- or ...
July 18, 2024 at 1:40 PM. By Nate Raymond. (Reuters) - A federal appeals court on Thursday blocked President Joe Biden's administration from continuing to implement a new student debt relief plan ...
Breaking news. On Friday, April 12, the Biden-Harris administration announced an additional $7.4 billion in student loan forgiveness for more than 200,000 SAVE Plan users. This round of ...
In August 2022, the administration used the Act again to announce student debt cancellation of up to $20,000 and several other reforms. [7] [16] Following litigation brought by several Republican-led state governments, the Supreme Court ruled in Biden v. Nebraska (2023) that the statute did not permit the administration's debt forgiveness ...
President Joe Biden is determined to provide debt forgiveness to federal student loan borrowers, despite more than a year of having his plans challenged and shot down in the courts.The ...
The Biden administration is proposing a new plan to forgive student debt, months after the Supreme Court struck down President Joe Biden’s sweeping pandemic-era debt relief plan in June.. The ...
More than 4,500 borrowers enrolled in the public service loan forgiveness plan will also see forgiveness. The debt relief is part of the Biden Administration’s larger effort to fulfill their ...