The Biden administration said it will hold off on collecting payments to give courts time to rule on lawsuits that have blocked the president’s debt cancellation plan.
Category: Student Loans
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White House Extends Pause on Student Loan Payments
The New York Times – Business: -
Appeals Court Blocks Biden’s Student Debt Cancellation Plan
The New York Times – Business:The decision comes days after the government temporarily stopped accepting applications for the debt relief because of legal challenges.
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Texas Judge Strikes Down Biden’s Student Debt Cancellation
The New York Times – Business:The ruling adds to the legal obstacles the president faces in his plan to cancel up to $20,000 per borrower in federal student loan debt.
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What Fed Rate Increases Mean for Mortgages, Credit Cards and More
The New York Times – Business:Savers will benefit and borrowers can expect to pay more on credit cards, student loans and other forms of debt.
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Education Department Expands Student Loan Relief Programs
The New York Times – Business:A lengthy set of rule changes will reduce the total cost for many federal student loan borrowers and ease rules for debt elimination.
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Deadline Nearing, White House Plans Wider Changes to Public Service Student Loan Relief
The New York Times – Business:Loan servicers are overwhelmed with calls from applicants seeking to meet an Oct. 31 deadline for taking advantage of temporary changes to a long-troubled aid program.
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Appeals Court Temporarily Halts Biden’s Student Debt Relief Plan
The New York Times – Business:A federal appeals court temporarily halted President Biden’s debt relief plan, preventing the government from moving forward with the debt cancellation it had said could start as early as next week.
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Biden Says 22 Million Americans Have Applied for Student Loan Debt Relief
The New York Times – Business:President Biden accused Republicans of hypocrisy for trying to block the debt forgiveness.
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Biden Opens Applications for Student Debt Cancellation
The New York Times – Business:The government hopes to help tens of millions of borrowers before federal student loan payments are due again in January.
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The Student Loan Borrowers Who Keep Missing Out on Relief
The New York Times – Business:In a startling change, many in the Federal Family Education Loan (FFEL) program may no longer be eligible for up to $20,000 in debt cancellation.
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Government Starts Taking Applications for Student Debt Cancellation
The New York Times – Business:The Education Department said it was “beta testing” a form that it intends to use to eliminate millions of federal student loans.