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Biden administration officials on Monday unveiled the details of a new plan to forgive student loan debt, suggesting that millions of Americans could start seeing debt relief as soon as this fall.
The new strategy comes months after the U.S. Supreme Court struck down an ambitious earlier White House plan that would have provided up to $20,000 in loan forgiveness per borrower. That plan ...
March 21, 2024 at 2:55 PM. President Biden announced another sweeping federal student loan forgiveness policy, wiping out $5.8 billion in debt for 77,700 borrowers. However, only certain borrowers ...
The Higher Education Relief Opportunities For Students (HEROES) Act ( Pub. L. 108–76 (text) (PDF)) was legislation passed unanimously by the United States Congress and signed into law by President George W. Bush on January 15, 2002. It was extended and amended in 2003, extended in 2005, and made permanent in 2007.
April 15, 2024 at 6:33 PM. Breaking news. On Friday, April 12, the Biden-Harris administration announced an additional $7.4 billion in student loan forgiveness for more than 200,000 SAVE Plan ...
New scams appeared immediately after Biden’s announcement — mainly in the form of fraudsters posing as government officials or student loan officers and offering to help borrowers retrieve the ...
The student debt relief announced Friday will wipe out $3.6 billion in debt for 206,800 borrowers. “This relief will go to borrowers who are enrolled in the SAVE Plan who had smaller loans for ...
In April 2024, Biden announced a revised student loan forgiveness program citing statutory authority under the Higher Education Act of 1965. [102] [103] [104] Under the American Rescue Plan Act of 2021, student loan forgiveness was designated as tax-exempt income through the end of 2025, [105] and Biden proposed making the tax exemption ...