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Student Loan Forgiveness Under Higher Education Act Gains Steam

Student Loan Planner

The Biden administration is moving forward with efforts to create a new student loan forgiveness plan. This “Plan B” approach, following the Supreme Court Ruling in June that overturned Biden’s initial student debt relief program, will be designed to provide an alternative pathway to broad student loan cancellation.

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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.

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Pres. Biden Announces New Student Debt Relief Effort After Court’s Decision

NCLC Student Loan Borrower Assistance

After the Supreme Court struck down the student debt cancellation plan, President Biden announced he would pursue an alternative pathway to provide debt relief to borrowers. After the committee meetings, the Department will publish a proposed rule that the public can read and comment on. The post Pres.

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2023 Year in Review

Diverse: Issues in Higher Education

Coming out of the COVID-19 pandemic, 2023 has been a year notable for its ups and downs on the higher education landscape with the elimination of affirmative action and the implosion of President Joe Biden’s student relief program. The high court voted 6-3 against UNC and 6-2 against Harvard. Affirmative action struck down The U.S.