US Appeals Court Blocks Biden-Era Student Debt Relief Plan
A U.S. appeals court on Tuesday ruled that Democratic former President Joe Biden's administration lacked authority to pursue a student debt relief plan designed to lower monthly payments for millions of borrowers and speed up loan forgiveness for some.
After the Biden administration's February announcement that it was canceling another $1.2 billion in student loan debt, an estimated 153,000 borrowers got an email notifying them of their ...
The debt forgiveness plan would cancel $10,000 in student loan debt for those making less than $125,000 or households with less than $250,000 in income.
These programs still exist under the Trump administration. Public Service Loan Forgiveness (PSLF). Forgives remaining student debt after 10 years of making payments and working full-time for a ...
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