WASHINGTON (AP) — President Joe Biden is abandoning his effort to cancel student loans for more than 38 million Americans, the first step in an administration-wide plan to jettison pending regulations to prevent President-elect Donald Trump from retooling them to achieve his own aims.

The White House expects to pull back unfinished rules across several agencies if there isn’t enough time to finalize them before Trump takes office. If the proposed regulations were left in their current state, the next administration would be able to rewrite them and advance its agenda more quickly.

Even as the Biden administration moves to pull back the rules, it pushed ahead with cancellation through other…

MANALAPAN, N.J., Dec. 20, 2024 (GLOBE NEWSWIRE) — As millions of Americans face uncertainty about the future of student loan repayment programs, Navicore Solutions is stepping up to provide critical financial guidance and support. With legal challenges surrounding the Biden administration’s SAVE Plan and speculation about the future of federal student loan policies under a new administration, borrowers are grappling with the dual pressures of student loan payments and mounting credit card debt.

The Supreme Court’s rejection of President Biden’s sweeping loan forgiveness initiative has left millions of borrowers in limbo. Meanwhile, the fate of the Saving on a Valuable Education (SAVE) Plan, which…

The Supreme Court decision automatically upheld the Semarang Commercial Court’s verdict to declare the company bankrupt on Oct. 23.

On Thursday, the government urged state-owned banks, which are among Sritex’s…

British cycling company Spoon Group, the owner-operator of bespoke bike brands Spoon Customs and WyndyMilla, as well as custom paint business Gun Control, has entered liquidation, following extensive efforts to adapt to what the group’s owner described as the ongoing “challenging market conditions” affecting the bike industry in recent years.

At the start of 2020, Surrey-based bespoke steel bike brand Spoon Customs merged with fellow British custom bike specialist WyndyMilla, established in 2009 by Henry Furniss and Nasima Siddiqui, under the Spoon Group umbrella.

Spoon founder Andy Carr took over the new company as CEO during the reorganisation, which saw Spoon and WyndyMilla continue to operate as separate brands, while…

• Biden announced $4.28 billion in student-debt cancellation for 54,900 borrowers in Public Service Loan Forgiveness.
• The relief is a result of the Education Department’s ongoing fixes to PSLF.
• President-elect Donald Trump is unlikely to continue Biden’s student-debt relief efforts.

President Joe Biden announced more student-loan forgiveness with one month left until he leaves the White House.

On Friday, Biden and his Education Department said they have approved $4.28 billion in student debt for 54,900 borrowers in the Public Service Loan Forgiveness program, which forgives student debt for government and nonprofit workers after 10 years of qualifying payments.

The relief is a result of ongoing improvements…

This page either does not exist or is currently unavailable.

From here you can either hit the “back” button on your browser to return to the previous page, or visit the ABCNews.com Home Page. You can also search for something on our site below.

STATUS CODE: 404