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May 22, 2024 at 5:06 AM. WASHINGTON (Reuters) - U.S. President Joe Biden on Wednesday announced the cancellation of another $7.7 billion in student debt for 160,000 borrowers, bringing the total ...
The debt relief is part of the Biden Administration’s larger effort to fulfill their previous campaign promise of student loan forgiveness. “Today we are helping 277,000 borrowers who have ...
March 21, 2024 at 2:55 PM. President Biden announced another sweeping federal student loan forgiveness policy, wiping out $5.8 billion in debt for 77,700 borrowers. However, only certain borrowers ...
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 ...
Recently, the Biden administration announced an additional $7.7 billion in loan debt relief was approved for 160,500 borrowers. This will bring the total amount of debt forgiveness up to $167 ...
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 ...
The Biden administration said Friday that is using existing student loan forgiveness programs to cancel another round of student debt, totaling $7.4 billion for 277,000 borrowers.
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 ...