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Biden Announces More Student Loan Forgiveness, Bringing Debt Relief To Nearly 5 Million Borrowers
Tuesday, January 14, 2025 - 11:51am | 434The Biden administration on Monday announced more federal student loan forgiveness, bringing the administration’s total student loan forgiveness to $183.6 billion for more than 5 million borrowers. The Details: The Department of Education announced several types of discharges on Monday...
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Biden Dumps Student Loan Forgiveness Plans: What It Means For Borrowers, Loan Providers Like SoFi
Tuesday, December 24, 2024 - 12:49pm | 517The Biden administration withdrew two major student loan forgiveness plans Friday, just weeks before President-elect Donald Trump returns to the White House. Here's a look at what it means for borrowers and student loan service providers. The Details: The Education Department posted notices in the...
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Biden Announces Workarounds After SCOTUS Strikes Down Student Loan Forgiveness: 'Fight Isn't Over'
Saturday, July 1, 2023 - 3:59am | 412Close on the heels the Supreme Court kicking up a storm with its decision to reverse affirmative actions in college admission, it made another polarizing decision. The nation's highest court Friday, by a 6-3 decision, invalidated President Joe Biden's student debt relief plan that would have...
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Biden Announces New 'Legally Sound' Path For Student Loan Relief After Supreme Court Roadblock
Friday, June 30, 2023 - 4:49pm | 385The Biden administration’s plan to forgive $430 billion in student loan debt, which would have allowed eligible borrowers to cancel up to $20,000 in debt, was blocked by the Supreme Court in a monumental 6-3 decision Friday. About 43 million people were eligible to benefit from the program....