President Joe Biden is doubling down on his student loan forgiveness promise with a new plan that would bring relief to over 30 million Americans. The proposal announced last week would fully wipe accrued interest for 23 million student loan borrowers, eliminating college debt for 4 million Americans. Overall, 10 million borrowers would see debt
WASHINGTON, DC – APRIL 12: U.S. President Joe Biden gives remarks from the South Court Auditorium in … [+] the Eisenhower Executive Office Building on the White House campus on April 12, 2024 in Washington, DC. The Biden administration’s student loan forgiveness initiatives face multiple legal challenges. (Photo by Anna Moneymaker/Getty Images) Getty Images A
For the second time this week, the Biden Administration announced it’s wiping out more student loans. More than a quarter million borrowers will get an email from the White House Friday telling them their debt is canceled, totaling $7.5 billion. But critics say the handout is unfair to those who paid off their loans and
The Biden administration on Friday said it’s canceling $7.4 billion in student debt for 277,000 borrowers, with the recipients scheduled to receive emails today to alert them to their loan discharges. The latest effort extends the debt relief provider under President Joe Biden after the Supreme Court last year blocked his administration’s plan for broad-based student
US president Joe Biden delivers remarks on student loan debt at Madison College, Monday, in Madison, Wisconsin. AP US president Joe Biden is taking another shot at student loan cancellation, hoping to deliver on a key campaign promise that he failed to fulfil so far. In a visit to Wisconsin on Monday, Biden detailed a
©Shutterstock.com A trip to the grocery store or gas pump shows how much the cost of basic necessities has risen in recent years. Data published by Statistia shows inflation at 3.24% as of February 2024. That’s a far cry from 9.1% in June 2022, but up substantially from the pandemic era. Check Out: The 6
A bipartisan Senate bill reauthorizing appropriations for the FAA would also ban mass student loan … [+] forgiveness for undergraduate students who attend flight schools. getty A proposed bill in Congress would ban mass student loan forgiveness for borrowers who attended certain professional training programs, and advocates are sounding the alarm that this could be
US President Joe Biden speaks at the US Capitol in Washington, DC, on March 15, 2024. Biden’s budget … [+] proposal released last week includes a provision making a student loan forgiveness tax benefit permanent. (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images) AFP via Getty Images President Joe Biden
Ben Roberts / Twenty20.com The average student loan for boomers — those born between 1946 and 1964 — is a whopping $43,554. And even though they are an older generation, boomers’ student loan debt is more than the debt of any other generation. Check Out: Frugal People Love the 6 to 1 Grocery Shopping Method:
speaks in the State Dining Room of the White House on March 5, 2024 in Washington, DC. Biden recently announced new student loan forgiveness approvals for borrowers enrolled in the SAVE plan. (Photo by Nathan Howard/Getty Images) Getty Images Millions of student loan borrowers are set to experience a reduction in their monthly payments. The