Trump blocks student loan aid for people tied to illegal immigration, DEI, protests
President Donald Trump revised a public student loan program to exclude those who violate immigration laws, engage in illegal activity during protests, or participate in a variety of actions his administration opposes.
The Friday night executive order looks to pare back some of the Biden administration’s moves to forgive public student loans after the former president’s initiative to enact sweeping student loan forgiveness failed.
U.S. Appeals Court Blocks Joe Biden’s Student Debt Forgiveness Plan
The 8th U.S. Circuit Court of Appeals blocked former President Joe Biden’s Saving on a Valuable Education (SAVE) plan, which would have transferred student loan debt from borrowers to taxpayers.
CNBC reported that the decision by the appeals court came after “seven Republican-led states” filed a lawsuit against the Department of Education’s SAVE plan and “argued” that Biden had no “authority to establish” the SAVE plan and that he had been “trying to find a roundabout way to forgive student debt.”
In farewell action, Biden cancels $4.28B additional student loan debt
President Biden announced Friday that he is canceling $4.28 billion in student loans for nearly 55,000 public service workers as he prepares to exit the White House.
The latest round of debt forgiveness brings the total amount of canceled loans by Mr. Biden to $180 billion for nearly 5 million Americans, according to the Department of Education.
Biden forgives $4.28 billion in student debt for 54,900 borrowers
The Biden administration announced on Friday that it would forgive another $4.28 billion in student loan debt for 54,900 borrowers who work in public service.
The relief is a result of fixes the U.S. Department of Education made to the once-troubled Public Service Loan Forgiveness Program.
The debt relief comes in President Joe Biden’s final weeks in office.
Biden has forgiven more student debt than any other president. He has cleared nearly $180 billion for 4.9 million people with student debt.
Biden-Harris Administration Seek to Expand Relief for Student Loan Borrowers
The Biden-Harris administration has announced new proposed regulations to expand student debt relief, potentially impacting around 8 million borrowers facing financial hardship. The proposal, introduced by the U.S. Department of Education, would allow the Secretary of Education to forgive loans in cases where borrowers are unlikely to repay due to severe hardship or where continued collection costs are deemed unjustified.
Biden announces $4.7 billion in new student loan forgiveness ahead of election
The Biden administration is plugging its student loan plans one more time ahead of Election Day, announcing another $4.7 billion of loans that will not have to be repaid by roughly 60,000 people. “For too long, the government failed to live up to its commitments, and only 7,000 people had ever received forgiveness under Public Service Loan Forgiveness before Vice President Kamala Harris and I took office,” President Joe Biden said in a prepared statement. “Now over 1 million public service workers have gotten the relief they are entitled to...
Biden’s student loan cancellation is put on hold again after day of legal whiplash
A federal judge in Missouri put a temporary hold on President Joe Biden’s latest student loan cancellation plan on Thursday, slamming the door on hope it would move forward after another judge allowed a pause to expire.
Just as it briefly appeared the Biden administration would have a window to push its plan forward, U.S. District Judge Matthew Schelp in Missouri granted an injunction blocking any widespread cancellation.
Biden administration can move forward with student loan forgiveness, federal judge rules
A federal judge will let expire a temporary restraining order against the Biden administration’s sweeping new student loan forgiveness plan, which could deliver relief to tens of millions of Americans.
The plan could benefit as many as three in every four federal student loan holders, when combined with the administration’s previous efforts, according to an estimate by the Center for American Progress.
35,000 more public servants see their student loan balances reduced or erased
Thousands more public servants will soon see their student loan balances reduced or erased, the Biden administration announced on Thursday. The relief is part of the administration’s efforts to overhaul the nation’s Public Service Loan Forgiveness program (PSLF).
“This is relief that will bring real change in [borrowers’] lives, and marks another win for this Administration’s relentless and unapologetic work to fix a broken student loan system,” said U.S. Education Secretary Miguel Cardona in a statement.
Education Department freezes student loan payments for 8M borrowers
The Education Department will suspend student loan payments and interest for around 8 million borrowers after a Thursday court order blocked the Biden administration’s latest repayment program.