The Biden administration has proposed another student debt relief plan for eight million people who cannot repay their loans because of “financially devastating hardships,” Miguel A. Cardona, the secretary of education, said on Friday. The proposal, which will almost certainly face legal challenges, builds on the administration’s strategy of finding …
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The Biden administration has reached a major milestone in its pursuit of expansive student debt relief, announcing on Thursday that over one million people have had their federal student debt canceled through a program that offers forgiveness to public service workers. For President Biden, whose student debt agenda has been …
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A federal judge in Missouri temporarily blocked a Biden administration plan to cancel student debt less than a day after another judge had allowed it to proceed, throwing into uncertainty the fate of a program that could affect more than 27 million borrowers. The decision, which came down late Thursday, …
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It has been one year since federal student loan payments resumed after a 42-month pandemic-related pause, but borrowers have been receiving one benefit: Missed payments didn’t damage their credit standing. That’s about to change. The Biden administration provided borrowers with a yearlong “on-ramp” to help them ease back into the …
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