Coverage dated December 4, 2023 to December 6, 2023
Biden admin approves $5 billion more in student loan relief: See who qualifies
Headline from Foxla
The Biden administration is finding other ways to wipe out student loan debt after the Supreme Court struck down the president's plan for mass student loan cancellation.
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The Department of Education released new details Monday on how may be covered by proposed federal rules around student loan forgiveness that could be finalized next year.
The Biden administration announced that 80,000 borrowers have been approved for nearly $5 billion in student loan forgiveness under a program that will soon end.
By Katie Lobosco, CNN Washington (CNN) — The Department of Education said Wednesday that it has approved the cancellation of nearly $5 billion more in federal student loan debt, bringing the total amount of student debt relief provided under the Biden administration to $132 billion for more than 3.
This latest $4.8 billion in relief brings the grand total of approved debt cancellation by the administration to $132 billion for over 3.6 million Americans.
The Biden administration is finding other ways to wipe out student loan debt after the Supreme Court struck down the president's plan for mass student loan cancellation.
President Joe Biden continues to flex executive authority to extend student loan debt relief, despite the Supreme Court throwing out a past attempt at loan forgiveness over the summer.
President Biden announced another round of federal student loan debt cancellation on Wednesday despite the Supreme Court's rejection earlier this year of the administration's previous $430 billion forgiveness program.The White House stated that the administration plans to cancel $4.
The Biden administration announced it will cancel another nearly $5 billion in student loan debt on Wednesday, affecting those under the income-driven repayment forgiveness and Public Service Loan Forgiveness programs.
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