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The Latest Breaking News on Student loan borrowers struggle as payments resume amidst confusion

Student loan borrowers struggle as payments resume amidst confusion

Confusion and non-payment abound as borrowers navigate post-pause student loan payments. Is the administration fostering false hope? Expert weighs in on th...

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Biden administration is moving toward a narrower student loan relief targeting groups of borrowers

The Biden administration is moving toward a narrower student loan relief plan that would target specific groups of borrowers rather than a sweeping plan like the one the Supreme Court rejected by the Supreme Court

The Independent UK

Biden Administration Flags $127B Of Student Loans For Potential Cancellation

Despite Supreme Court ruling, Biden leverages tools to work around limitations

Zenger

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NY Fed: Student Loan Resumption Won’t Significantly Impact US Economy

New research suggests minimal effect on consumption despite estimated $1.6 billion reduction in monthly spending.

Zenger

Biden's second try at student loan cancellation moves forward with debate over the plan's details

President Joe Biden’s second attempt at student loan cancellation is moving forward as a group of negotiators meets to debate what a new proposal might look like

The Independent UK

Why is the Biden administration forgiving student debt?

This week Joe Biden announced debt relief worth billions of dollars for struggling graduates.

Al Jazeera

Forgive Us Our…Loans?

Plus: House speaker battles, a Jesus-themed Trump courtroom sketch, Eric Adams' travel plans, and more...

Reason

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Student loan repayments are back, but Joe Biden has a new plan for debt relief

The White House charts progress cancelling debts. Advocates say the president can do more, and fast

The Independent UK

What are Joe Biden’s plans for student debt relief as payments resume?

The White House charts progress cancelling debts. Advocates say the president can do more, and fast

The Independent UK

Biden cancels additional $9bn in student loan debt

President’s latest approval brings total debt cancellation under his administration to $127bn for nearly 3.6 million people

The Guardian - US

804,000 long-term borrowers are having their student loans forgiven before payments resume this fall

Student loan payments start up again for most borrowers in October, but more than 800,000 people who have been paying for years are having their loans forgiven

The Independent UK

Biden Administration Forgives $37M In Student Debt For University Of Phoenix Victims

FTC investigation leads to relief for borrowers as Biden's broader debt forgiveness plan faces hurdles.

Zenger

‘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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The Independent UK

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 Guardian - US

Biden launches ‘most affordable ever’ student loan repayment plan

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

WEKU

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.

Reason

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.

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Chicago Sun-Times

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.

The Independent UK

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

Reason

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.

The Guardian - US

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

Zenger

Biden’s Student Loan Forgiveness Claim Challenged By Congressional Records

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

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.

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