On Friday, the Biden-Harris administration announced another $4.28 billion in student loan forgiveness for nearly 55,000 borrowers in the Public Service Loan Forgiveness program. The latest debt cancellation news comes after years of challenges for the PSLF, recent payment pauses and legal disputes over student loan forgiveness. This wave of student loan debt relief is…
Biden withdraws student loan forgiveness ‘Plan B’ regulation The Washington Post Read the original article here
WASHINGTON (NEXSTAR) – President Joe Biden announced another round of student loan relief on Friday as his time in office winds down. The White House said another 55,000 public service workers will see relief through the Public Service Loan Forgiveness (PSLF) Program. “From Day One of my Administration, I promised to make sure that higher…
President Biden has so far forgiven $180 billion in student loans for 4.9 million borrowers. Much more relief is unlikely now. Andrew Caballero-Reynolds/AFP via Getty Images The Biden administration’s ambitious plans to provide debt relief for millions of Americans is officially dead along with a number of other proposed regulatory changes. The administration said Friday…
The statistic was revealed as the Wrekin Housing Group said it had helped its tenants clear £3 million of debt in the past five years thanks to the work of its in-house advice team. Official insolvency statistics released by the government this week showed that across the country last month, the number of bankruptcies was…
President Biden has so far forgiven $180 billion in student loans for 4.9 million borrowers. Much more relief is unlikely now. Andrew Caballero-Reynolds/AFP via Getty Images The Biden administration’s ambitious plans to provide debt relief for millions of Americans is officially dead. The administration said Friday it’s withdrawing two debt relief proposals from consideration. The…
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Biden’s administration posted notices to withdraw its broader student-loan forgiveness plans. The Education Department wrote that it still stands by the legality of the debt relief among lawsuits. The plans aimed to cancel some student debt for over 38 million borrowers. President Joe Biden’s administration has officially scrapped its unfinished rules for broad student-loan forgiveness.…
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