student loan debt

Biden unveils latest round of student loan cancellation to aid 153,000 borrowers

BY: - February 21, 2024

President Joe Biden expanded his push to eliminate student loan debt Wednesday, saying during a speech the initiative is part of a campaign promise to address the “broken” system. “While a college degree is still a ticket to a better life, that ticket is too expensive,” Biden said. “And too many Americans are still saddled […]

Here’s what to know about new federal policies for repaying student loans

BY: - August 23, 2023

WASHINGTON — Following the Supreme Court’s summer ruling against 40 million federal student loan borrowers who would have qualified for debt relief, the Biden administration crafted a year-long delay in repayments. The policy, known as an on-ramp, is set to begin next month. Additionally, hours after the Supreme Court’s decision, the Department of Education unveiled […]

More than 800,000 student loan borrowers to have debt forgiven, White House announces

BY: - July 14, 2023

WASHINGTON — The Department of Education and the White House announced Friday that more than 800,000 federal student loan borrowers will have their remaining debt wiped out. The $39 billion in debt relief will come through fixes to mismanagement of the agency’s income-driven repayment plans. Many long-time borrowers, including those who had been making payments […]

US Supreme Court rules against Biden administration student loan debt relief plan

BY: - June 30, 2023

Editor’s note: This story was updated Friday afternoon. WASHINGTON — The U.S. Supreme Court on Friday ruled that the Biden administration does not have the legal authority to enact a one-time student debt relief program, dealing a blow to the 40 million Americans who would have qualified. Last year, the Biden Administration rolled out a […]

Biden student debt relief plan met with skepticism from U.S. Supreme Court conservatives

BY: - February 28, 2023

WASHINGTON — The majority conservative wing of the U.S. Supreme Court appeared skeptical Tuesday that the Biden administration had the authority to implement a federal student debt relief program that was estimated to potentially aid millions of borrowers. The conservative justices, who hold a 6-3 majority on the court, questioned whether the Department of Education […]

Black student loan borrowers at risk as U.S. Supreme Court weighs forgiveness plan

BY: - February 24, 2023

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 […]