US President Donald Trump speaks as he prepares to sign executive orders in the Oval Office of the … [+] White House in Washington, DC on March 6, 2025. Trump is expected to sign an executive order instructing Secretary of Education Linda McMahon to dismantle the department she now leads, US media has reported. (Photo
Vice President Kamala Harris vowed to keep “fighting” for student debt forgiveness after the Supreme Court declined to reinstate the Biden administration’s latest plan to cancel loans for millions of borrowers. Over a dozen Republican-led states have sued the federal government over the Saving on a Valuable Education (SAVE) plan, arguing that it will cost
UNITED STATES – APRIL 18: Education Secretary Miguel Cardona testifies during the House … [+] Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related Agencies hearing on Tuesday, April 18, 2023. Caronda spoke out against the latest court ruling threatening student loan forgiveness under SAVE and other income-driven plans. (Tom Williams/CQ-Roll Call, Inc
Topline Some federal student loan borrowers’ payments are now on pause while a court battle plays out over the Biden administration’s latest student loan forgiveness plan, with a recent court ruling pausing all forgiveness entirely—and the Supreme Court set to weigh in imminently on how things will go from here. President Joe Biden is joined
Editor’s Note: The following article was originally published by Cato Institute on August 1, 2024. With edits to match MTC’s style, it is crossposted here with permission. Note, this post updates last month’s post. The biggest changes from last month include: the 8th Circuit Court of Appeals halting the Saving on a Valuable Education (SAVE) plan; added insights from Jason
WASHINGTON, DC October 17, 2022: US President Joe Biden and Education Secretary Miguel Cardona … [+] deliver an update on student loan forgiveness in the South Court Auditorium of Eisenhower Executive Office Building on Monday, October 17, 2022. (Photo by Demetrius Freeman/The Washington Post via Getty Images) The Washington Post via Getty Images The Biden
Millions of borrowers still aren’t paying their student loans back months after payments resumed after a three-year pandemic pause, according to the latest data from the Department of Education (DOE). The data from the DOE found that roughly 20 million people aren’t making any payments on their student loans. For three years, the federal government
WASHINGTON, DC – JULY 1: U.S. President Joe Biden speaks following a Supreme Court’s ruling at the … [+] White House on July 1, 2024 in Washington, DC. One of Biden’s central student loan forgiveness and repayment programs is facing significant legal challenges. (Photo by Andrew Harnik/Getty Images) Getty Images The Education Department released new
UNITED STATES – APRIL 17: Chairwoman Rep. Virginia Foxx, R-N.C., conducts the House Education and … [+] the Workforce Committee hearing on Wednesday, April 17, 2024. (Tom Williams/CQ-Roll Call, Inc via Getty Images). Foxx slammed the Biden administration’s decision to place millions of borrowers in forbearance in the wake of court rulings blocking student loan
Millions of Americans have medical debts and want the federal government to introduce a forgiveness scheme, like the one for student loans—but is this likely, and would a one-off program solve the root problem? Loan forgiveness has become a hot topic in recent years following the Biden administration’s en masse policies to eradicate education bills