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 06:38:15 source:International Insights 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
  • Devout Christian doctor, 68, who punched dementia
  • China's big
  • Horoscope today: Daily guide to what the stars have in store for YOU
  • China's new Hugo Award winner draws inspiration from history and traditional culture
  • Cruise worker 'murders newborn son on board ship': Shocked co
  • Former Duke guard Jeremy Roach indicates he will play a final college season at Baylor
  • Foreign trade set to stay resilient this year
  • Dog's dining table act shocks family and leads to speculation he was a 'human in a past life'
Recommended content
  • College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at
  • Vibrant festival highlights cultural charm of various Chinese ethnic groups
  • China urges U.S. to formulate universal data security rules to enable orderly, free data flows
  • Oil consumption back to 2019 levels
  • Shohei Ohtani's first walk
  • Tesla's new mega factory project in Shanghai to start construction