When the Supreme Court struck down President Joe Biden’s $400 billion student debt relief plan, he remained determined. At a June 30 press conference he told reporters, “We need to find a new way.” Two weeks later, the Department of Education announced the details: it will cancel $39 billion in Federal student loans. On July […]
Photo by Unseen Studio on Unsplash The Supreme Court is expected to announce a decision on the constitutionality of President Biden’s student loan forgiveness plan in the next few weeks. Biden’s original debt relief plan would have canceled up to $20,000 for the millions of borrowers struggling with student loans across the country. The program […]
On Thursday, the Education Department announced that over 323,000 borrowers who have permanent disabilities will automatically receive federal student loan forgiveness, amounting to a total of $5.8 billion in canceled student loan debt. The federal student loan forgiveness process for borrowers who cannot work due to permanent disabilities will now be automated. Borrowers declared permanently […]
President Trump released a $44.8 trillion budget on Monday which includes deep cuts to student loan assistance, affordable housing, food stamps, and Medicaid. It does however include an increase in spending for the military, national defense, border enforcement, individual income tax cuts, and even allocates money for the “Space Force” initiative. The budget plans recommends […]
On Monday, state legislators demonstrated their commitment to addressing the ever-growing student debt crisis in the US by announcing their support of new legislation making public colleges debt-free.