Tag: Biden administration loan forgiveness proposal
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1965 Higher Education Act: An Alternative Path for Student Loan Forgiveness — advocates say
The Supreme Court’s decision about student loan forgiveness is drawing near. As millions of Americans anticipate the rulings, advocates of student debt relief probe another avenue that may help President Joe Biden to achieve his goal. However, it may take a lengthy rule-making process while the student loan payments’ temporary pause and interest waiver ends…
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Where Can You Use the Money If Student Loans Are Forgiven? Most People Promise to Do This
If the Supreme Court disqualifies the Biden administration’s loan forgiveness proposal, federal student loan creditors who had hoped to have a maximum of $20,000 in debt for each borrower canceled will be dissatisfied. Due to the conservative 6-3 majority of the court, many analysts anticipate that to occur, while it is not definite. The Supreme Court still…