Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Biden administration announces new student loan cancellations !

Biden administration announces new student loan cancellations

Time:2024-05-21 17:17:56 source:Planet Pulse news portal

WASHINGTON (AP) — The Biden administration is canceling student loans for another 206,000 borrowers as part of a new repayment plan that offers a faster route to forgiveness.

The Education Department announced the latest round of cancellations Friday in an update on the progress of its SAVE Plan. More people are becoming eligible for student loan cancellation as they hit 10 years of payments, a new finish line for some loans that’s a decade sooner than what borrowers faced in the past.

Casting a shadow over the cancellations, however, are two new lawsuits challenging the plan’s legality. Two groups of Republican-led states, fronted by Kansas and Missouri, recently filed federal suits arguing that the Biden administration overstepped its authority in creating the repayment option.

“From day one of my Administration, I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity,” President Joe Biden said in a statement. “I will never stop working to cancel student debt — no matter how many times Republican elected officials try to stop us.”

Related information
  • Iran helicopter crash that killed President Raisi could reverberate across the Middle East
  • German teen turns himself in over attack on European election candidate
  • Adrian Otaegui makes up 5 shots to win China Open
  • Southern California women sweep UCLA 3
  • Who is Jacob Zuma, the former South African president disqualified from next week's election?
  • Methodists end anti
  • Exam tutor and education expert reveal the ultimate study hacks to help secure top marks
  • Keith Urban shows off his bulging biceps and rockstar tattoos in a tight black T
Recommended content
  • OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
  • PSV Eindhoven wraps up its 25th Dutch Eredivisie title by beating Sparta Rotterdam 4
  • Disney documentary stars' sick jibe at cancer
  • Maple Leafs star Auston Matthews is available for Game 7 with Bruins after sitting last 2 games
  • Four people killed in a house explosion in southwestern Missouri
  • Former NBA player Darius Morris dies aged 33