The Biden administration announced Friday that 804,000 borrowers will have their student debt wiped away, totaling $39 billion worth of debt, in the coming weeks due to fixes that more accurately count qualified monthly payments under existing income-driven repayment plans.
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The Supreme Court struck down President Joe Biden’s student loan forgiveness program Friday, blocking millions of borrowers from receiving up to $20,000 in federal student debt relief, just months before student loan payments are set to restart after a yearslong pause.
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The Val Verde Unified School District will implement a series of policy changes to comply with a federal program intended to address sexual harassment of students and personnel, it was announced Thursday.
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When President Joe Biden speaks at a community college in New York on Wednesday, he’s expected to hit Republicans hard for budget cuts they are demanding as part of their bill to raise the debt ceiling.
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Millions of Americans have student loan debt, amassing to more than $1.6 trillion by the end of last year, according to the Federal Reserve Bank of New York.
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Millions of student loan borrowers could see up to $20,000 of their debt canceled depending on the outcome of Tuesday’s US Supreme Court hearing on President Joe Biden’s student loan forgiveness program.
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President Joe Biden’s federal student loan forgiveness program, which promises to deliver up to $20,000 of debt relief for millions of borrowers, is on hold as legal challenges work their way through the courts.
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New data released showing the number of people in each state who applied for student debt relief or were automatically eligible for relief by the Biden-Harris Administration according to the press release.
