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Biden has a Plan B for student debt relief. Here’s how it works.
  • Debt Loan

Biden has a Plan B for student debt relief. Here’s how it works.

Maria Flores 3 months ago

The Biden administration is pushing forward with yet another tactic to tackling the college student personal debt disaster while its most important initiative, a approach to forgive up to $20,000 in pupil loans per borrower, stays mired in authorized limbo.  Even if the financial debt-forgiveness effort and hard work is […]

New student loan plan faces funding crisis over debt relief : NPR
  • Debt Loan

New student loan plan faces funding crisis over debt relief : NPR

Maria Flores 3 months ago

The Biden administration is unveiling an ambitious new student loan repayment program today that will be more generous, flexible and forgiving than previous plans — but it’s unclear how or when the administration will be able to fully implement it. The U.S. Department of Education says proposed updates to its […]

End of student loan payment pause could lead to more credit card debt
  • Debt Loan

End of student loan payment pause could lead to more credit card debt

Maria Flores 3 months ago

The countdown until finally the university student financial loan payment pause is lifted in June is ticking, and some industry experts worry that the moment payments resume, lots of Individuals may well dig by themselves further into credit score card debt. Currently, credit score card balances improved by $38 billion […]

MOHELA’s Role in Lawsuit Blocking Student-Loan Debt Relief Has ‘Startling Implications’: Biden
  • Debt Loan

MOHELA’s Role in Lawsuit Blocking Student-Loan Debt Relief Has ‘Startling Implications’: Biden

Maria Flores 3 months ago

Biden’s administration filed its comprehensive lawful defense of its pupil-credit card debt reduction program to the Supreme Court. Student-personal loan firm MOHELA is central to the lawsuit filed by 6 GOP-led states. The DOJ claimed that ruling in favor of the states’ argument could established a weird authorized precedent. Loading […]

White House defends student loan forgiveness plan to the Supreme Court
  • Debt Loan

White House defends student loan forgiveness plan to the Supreme Court

Maria Flores 3 months ago

Wirestock | Istock | Getty Illustrations or photos The Biden administration submitted a legal quick with the U.S. Supreme Court defending its plan to cancel hundreds of billions of bucks in university student debt. In its arguments to the optimum courtroom submitted late Wednesday, attorneys for the U.S. Office of […]

Bernie Sanders Calls Out Trump’s Student-Debt Relief, Says Biden’s Plan Is Legal
  • Debt Loan

Bernie Sanders Calls Out Trump’s Student-Debt Relief, Says Biden’s Plan Is Legal

Maria Flores 3 months ago

Trump used the HEROES Act to increase the student-bank loan payment pause in March 2020. Biden used the same regulation to terminate up to $20,000 in college student personal debt for federal borrowers, but that plan is held up in court. Sen. Sanders stated Trump’s previous usage of the Act […]

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