Tag: student debt

Restarting federal loan garnishments and ending relief programs, the Trump administration advances a sweeping overhaul that critics say punishes struggling borrowers and deepens a national crisis.

The Supreme Court’s conservative majority has once again halted President Biden’s efforts to provide student debt relief, casting doubt on the future of the SAVE plan and the fate of millions of borrowers.

The Debt Collective’s protest underscores the urgent need for student debt relief and a reevaluation of U.S. military spending.

This effort, lauded as “historic” by Sanders and his colleagues, aims to provide significant financial relief to millions of Americans burdened by student debt.

The new plan is an effort to fulfill a promise that President Biden made as a candidate in 2020.

Inside the bill lies a clause that could effectively pilot a broader campaign against the cancellation of student debts, starting with those incurred for flight training and education.

The debt relief would forgive roughly $6 billion for 78,000 borrowers such as teachers, nurses or social workers enrolled in the Public Service Loan Forgiveness (PSLF) program.

As loan servicers process their forgiveness, they will see their debts discharged from their accounts.  

“Means testing is ruining my life.”

In a 6-3 decision, the Supreme Court claimed that the Biden administration's plan lacked authority and overstepped the powers of the Education Department and instead needed to go through Congress.