student debt
Black student loan borrowers at risk as U.S. Supreme Court weighs forgiveness plan
WASHINGTON — As the Biden administration prepares to defend its student debt cancellation program before the U.S. Supreme Court on Feb. 28, data shows that Black borrowers have the most to lose should a majority conservative court strike down the policy. Black borrowers hold a disproportionate share of student loan debt, and many likely were […]
New federal student loan repayment plan aimed at low-income borrowers
WASHINGTON — The U.S. Department of Education unveiled a proposal Tuesday that would overhaul a federal student loan income-driven repayment plan, and, if implemented, could help millions of low-income borrowers. However, it’s unclear how the agency would be able to finance the program. Many student debt relief advocates also criticized the proposal for leaving out […]
U.S. Supreme Court to review Biden student debt relief plan in February
WASHINGTON — The U.S. Supreme Court said Thursday it will hear oral arguments in February over a legal challenge by six Republican-led states to the Biden administration student borrower relief plan. Until the arguments are heard and the court issues a ruling, the $400 billion Biden plan is on hold due to a nationwide injunction […]
Student loan repayment pause extended by White House amid legal battles over relief plan
WASHINGTON — The Department of Education announced on Tuesday it is extending the pandemic-era pause on federal student loan repayments until June 30 while legal challenges to the administration’s student debt relief program are fought over in the courts. The agency said if the student debt relief program has not been put in place by […]
Biden student debt forgiveness plan on temporary hold after appeals court ruling
WASHINGTON — A federal appeals court on Friday temporarily blocked the Biden administration from carrying out its student loan forgiveness plan, until the court makes a determination on a request for an injunction brought by six Republican-led states, according to multiple media reports. The 8th U.S. Circuit Court of Appeals is giving the Biden administration […]
Arkansas, five other states sue Biden administration to block student loan forgiveness plan
Arkansas on Thursday filed a lawsuit with five other states to block President Joe Biden’s student loan forgiveness plan. The lawsuit announced Thursday morning by Arkansas Attorney General Leslie Rutledge argues the Biden administration skirted Congress last month when it took executive action on student loan relief, violating the principle of separation of powers in […]
U.S. education secretary urges boost in teacher pay, touts college debt relief
WASHINGTON — Amid K-12 teacher shortages, book bans and attacks over critical race theory, U.S. Education Secretary Miguel Cardona at a meeting with reporters on Wednesday stressed the need for higher salaries to attract prospective educators to the profession. Cardona also touted the Biden administration’s recent student debt relief announcement in late August. The White […]
Biden to wipe out $10,000 in student loan debt for many borrowers
WASHINGTON — President Joe Biden announced Wednesday that he will cancel up to $20,000 in federal student loan debt for Pell Grant borrowers and up to $10,000 for all other borrowers with an income of less than $125,000 for an individual and $250,000 for a household. Biden also announced his administration is extending a pause […]