student loans
Millions enrolled in new student loan repayment program
WASHINGTON — More than 4 million federal student loan borrowers are enrolled in the Biden administration’s new repayment program, according to figures released Tuesday by the Department of Education. With the pause of more than three years on federal student loan repayments coming to an end in October, and the Supreme Court’s summer decision to […]
Here’s what to know about new federal policies for repaying student loans
WASHINGTON — Following the Supreme Court’s summer ruling against 40 million federal student loan borrowers who would have qualified for debt relief, the Biden administration crafted a year-long delay in repayments. The policy, known as an on-ramp, is set to begin next month. Additionally, hours after the Supreme Court’s decision, the Department of Education unveiled […]
More than 800,000 student loan borrowers to have debt forgiven, White House announces
WASHINGTON — The Department of Education and the White House announced Friday that more than 800,000 federal student loan borrowers will have their remaining debt wiped out. The $39 billion in debt relief will come through fixes to mismanagement of the agency’s income-driven repayment plans. Many long-time borrowers, including those who had been making payments for […]
US Supreme Court rules against Biden administration student loan debt relief plan
WASHINGTON — The U.S. Supreme Court on Friday ruled that the Biden administration does not have the legal authority to enact a one-time student debt relief program, dealing a blow to the 40 million Americans who would have qualified. Last year, the Biden Administration rolled out a debt forgiveness plan for borrowers with federal student […]