It may come as a surprise, but the Biden administration has effectively abolished the federal student loan program. Well, at least if a “student loan program” is understood as one in which students borrow money and then eventually repay it. That program has been replaced by a perverse entitlement in which students borrow taxpayer funds,
Last week, thousands of folks in our area found out their student loans had been wiped out as part of several measures the Biden administration has taken to ease the burden. Nearly 13,000 Floridians recently learned their federal student loans had been canceled. President Biden touted the relief as he campaigns for reelection, stating, “And
FORGIVENESS? THE BIDEN ADMINISTRATION ANNOUNCED EARLIER THIS WEEK THAT $1.2 BILLION OF STUDENT LOAN DEBT WAS CANCELED HERE IN PENNSYLVANIA. THAT MEANS 5600 BORROWERS WILL HAVE THEIR DEBT ERASED. BUT THIS IS ONLY POSSIBLE IF YOU’RE ENROLLED IN THE SAVING ON A VALUABLE EDUCATION PLAN OR SAVE. SAVE IS THE NEWEST INCOME DRIVEN REPAYMENT PLAN
Biden delivers remarks from the Roosevelt Room of the White House on February 16, 2024 in Washington, DC. The Biden administration announced new details on a proposed student loan forgiveness plan last week. (Photo by Anna Moneymaker/Getty Images) Getty Images The Education Department has released a detailed new student loan forgiveness proposal that could provide
stage a rally in front of The White House to celebrate President Biden cancelling student debt and to begin the fight to cancel any remaining debt on August 25, 2022 in Washington, DC. (Photo by Paul Morigi/Getty Images for We the 45m) Getty Images for We the 45m Income-driven repayment (IDR), which allows federal student
When Amber Steeves started working at Verizon almost 15 years ago, she did one of the best things you can do when you start a new job. She enrolled in the company’s 401(k) program to begin saving for retirement. “I was never financially stable, and that was a goal,” she tells CNBC Make It. “OK,
then-Senator Kamala Harris (R) arrive on stage for the third Democratic primary debate of the 2020 presidential campaign. Both Warren and Harris have been outspoken supporters of new student loan forgiveness initiatives enacted by the Biden administration. (Photo by Robyn BECK / AFP) (Photo credit should read ROBYN BECK/AFP via Getty Images) AFP via Getty
President Joe Biden is forgiving another $5 billion in student debt, bringing the total loan forgiveness approved by the administration to $137 billion. The relief came just one week after the last round of student debt cancellation for borrowers that took out less than $12,000 and have been in repayment for at least a decade.
Topline The Biden administration announced Friday it’s canceling approximately $5 billion in student debt relief, largely for public servants, the latest incremental step the White House has taken on student loan forgiveness, even though its more ambitious student loan relief program was thwarted by the Supreme Court. Community Center on January 18 in Raleigh, North
Allentown Fire Training Academy in Allentown, Pennsylvania on January 12, 2024. The Biden administration announced fast-tracked student loan forgiveness under the new SAVE plan. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) AFP via Getty Images President Joe Biden and top administration officials are urging borrowers to sign up for