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The Latest Breaking News on House GOP advances bill to block Biden’s student loan repayment program

House GOP advances bill to block Biden’s student loan repayment program

More than 4 million borrowers are enrolled in the program, according to the Education Department.

Politico

‘Totally devastating’: borrowers on the start of student loan repayment

Reprieve experienced over the last three years by as many as 43 million Americans comes to an end as payments begin

The Guardian - US

Biden student-debt plan hailed as ‘big step forward’ for millions of borrowers

Advocates say proposals that cut debt to zero for some borrowers and reduce monthly interest payments are good news

The Guardian - US

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Suze Orman shares how your student loan might still be forgiven

The Supreme Court blocked cancellation of loans in June, but other plans are in the works.

The Street

90 top Democrats call on Biden to do more on student debt

The president’s student loan forgiveness programme was blocked by the Supreme Court

The Independent UK

Biden launches ‘most affordable ever’ student loan repayment plan

Announcement comes two months after supreme court struck down Biden’s original debt forgiveness plan

The Guardian - US

Borrowers can now apply for new, income-based student loan repayment

More than 20 million borrowers are eligible under the new repayment plan, and many will see lower payments.

WEKU

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Federal Court Blocks $20 Billion in Student Loan Forgiveness

The injunction is the latest in a series of setbacks for the Biden administration's loan forgiveness agenda.

Reason

Conservative groups sue to block Biden plan to cancel $39 billion in student loans

Two groups argue the administration overstepped its power when it announced the forgiveness just weeks after the Supreme Court struck down a broader plan.

Chicago Sun-Times

Conservative groups sue to block Biden plan canceling $39 billion in student loans

Two conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers

The Independent UK

Biden's New Student Loan Payment Plan Has Arrived. Here's What That Means.

Biden's new income-driven repayment plan is estimated to cost taxpayers $360 billion over the next decade.

Reason

DeSantis unveils economic plan, aim to ease process for discharging student loans through bankruptcy

It is currently possible to get student loans discharged through bankruptcy, according to the Department of Education's website, but the process has proven to be difficult.

Politico

Biden administration trials website for new student loan repayment scheme

Beta – or testing – site for ‘Save’ plan should take only 10 minutes to use and aims to cut undergraduate payments in half

The Guardian - US

Biden’s Student Loan Forgiveness Claim Challenged By Congressional Records

Congressional records contradict Biden administration's legal memo, revealing potential illegality and hefty costs.

Zenger

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The Texas Tribune

Nearly 64,000 Texas borrowers will have their federal loans forgiven

A U.S. Department of Education review identified 804,000 borrowers across the country with loans taken more than two decades ago and whose debts should have been canceled but were not because of “administrative failures.”

Reason

Biden's Latest Student Loan Scheme Has a Bigger Price Tag Than Originally Projected

The administration’s SAVE plan for student loan forgiveness is estimated to cost $475 billion.

Politico

Biden administration kicks off Plan B of student debt relief

A virtual hearing kicked off the Education Department’s process for crafting new regulations that cancel debt under provisions of the Higher Education Act.

Roll Call

Justices' agency skepticism collides with Congress' vagueness - Roll Call

The Supreme Court says Congress should write more specificity in law but experts don't expect a change soon.

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Chicago Sun-Times

Student loan payments will restart in October for the first time in 3 years. How to prepare.

There are ways to lower your monthly payments. From income-based repayment plans to an Illinois student loan ombudsman, here are some resources that can help.

Al Jazeera

Biden administration strikes $39bn in US federal student debt

The move comes as the Democratic administration pushes forward with a campaign promise to offer student debt relief.

Politico

Biden administration unveils $39B of student debt relief as part of income-driven repayment fix

More than 804,000 student loan borrowers will benefit.

The Street

Biden Administration Announces Student Debt Relief Plan

After a major legal setback the Biden Administration announces a plan to fix 'longstanding failures in the student loan programs.'

The Guardian - US

Biden to cancel $39bn in US student debt to fix ‘historical inaccuracies’

Borrowers will be eligible for forgiveness if they have made 20 or 25 years of monthly IDR payments, education department says

The Guardian - US

Donald Trump’s legal team urges Georgia court to block 2020 election investigation – as it happened

Lawyers for former US president ask Georgia’s highest court to prevent district attorney from prosecuting him

WEKU

Student loan forgiveness is on the way for more than 800,000 borrowers

The loan forgiveness comes after past mishandling of income-driven repayment plans, which were designed for low-income borrowers. The move will erase $39 billion in federal student loan debt.

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