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Fight Over Student Debt Cancellation Hits Supreme Court

Diverse: Issues in Higher Education

After months of uncertainty for borrowers, the Biden administration’s student loan debt cancellation program, which offers $10,000 of relief to those making up to $125,000 and $20,000 for Pell Grant recipients, came before the Supreme Court on Tuesday, in oral arguments that stretched for over an hour past their scheduled time.

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The Biden Administration Used the Pandemic to Justify Loan Forgiveness. Some Say It Didn’t Need To.

Diverse: Issues in Higher Education

President Joe Biden’s student loan forgiveness plan, which cancels $10,000 of debt for borrowers earning under $125,000 and offers $20,000 of relief to Pell Grant recipients, is scheduled to come before the U.S. Secretary of Education the power to “modify” and to “compromise, waive, or release” claims against students.

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Biden’s New Plan for Student Loan Forgiveness

College Planners of America

President Biden’s Student Loan Forgiveness Plan, as announced last August, was set to cancel $10,000 in Federal student debt for those making less than $125,000 or households with less than $250,000 in income per year. Pell Grant recipients would have gotten an additional $10,000 of debt forgiven. Roberts Jr.,

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Thirty Million Borrowers Set for Debt Relief

College Planners of America

On April 8, President Biden released the details of his new student loan debt forgiveness plan. Borrowers who owe more than they did when repayments began : Millions of borrowers across the country owe more than they did when they started paying back their loans because of accrued and capitalized interest.

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Thirty Million Borrowers Set for Debt Relief

College Planners of America

On April 8, President Biden released the details of his new student loan debt forgiveness plan. Borrowers who owe more than they did when repayments began : Millions of borrowers across the country owe more than they did when they started paying back their loans because of accrued and capitalized interest.

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Supreme Court Rules Student Loan Forgiveness Unconstitutional

Diverse: Issues in Higher Education

Supreme Court dashed the hopes of 40 million student borrowers Friday, striking down President Joe Biden’s student loan forgiveness program. The tone of the opinion and the reasoning suggest that the conservative supermajority would oppose an administration effort to do the same thing relying on a different law,” he said. “I

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How to Avoid Student Loan Forgiveness Scams (and Find Real Options Instead)

Student Loan Hero

Note that the government has paused all repayment on federally held student loans through the end of 2022, with no interest to be charged during that period and no loans to be held delinquent or in default. * * *. Why real student loan forgiveness can take a while.