As discussions surrounding reparations for Black Americans gain traction, the NAACP and other advocacy groups are pressing the Biden administration to fulfill its promise of student loan debt relief, framing it as a form of reparations for historical injustices. With mounting pressure on policymakers, the debate over student loan forgiveness intersects with broader conversations about … Read more
Visions Federal Credit Union granted $100,000 to eligible educators to help reduce student loan debt. Visions Federal Credit Union Awards $100,000 to Eligible Educators to Reduce Student Loan Debt Under Visions Loves Educators Program Visions Federal Credit Union awarded $100,000 to eligible educators with the aim to help them reduce student loan debt under the … Read more
With the impending resumption of student loan debt payments in October after a COVID-19-induced hiatus, a new federal repayment plan called SAVE (Saving on a Valuable Education) has been introduced by the Biden administration. President Biden’s ambitious $20,000 student loan debt relief proposal faced a setback in June, but there’s renewed hope for struggling borrowers … Read more
Many federal student loan debtors will begin receiving letters from their service providers on Monday with the headline “Your educational loans were forgiven.” The announcements are part of the Biden administration’s earlier stated attempts to forgive debt for 804,000 borrowers who are eligible for relief through their repayment programs but are still waiting for it … Read more
The U.S. Education Secretary announced Friday that the Biden administration will erase $39 billion in federal student loans for over 804,000 debtors. The release follows the Supreme Court’s rejection of a White House plan to reduce some debtors’ tens of thousands of dollars in student debt 2 weeks prior. By addressing problems with specific repayment programs … Read more
President Joe Biden’s pledge to forgive up to $20,000 of each borrower’s federal student loan debt may soon expire if the United States. The Supreme Court will, as anticipated, reject the proposal this month. If the idea is turned down, many borrowers might be forced to file for bankruptcy, claims at least one legal professional. … Read more
President Joe Biden has rejected legislation that would have ended his student loan forgiveness program, reaffirming his commitment to working-class families. Biden addressed the Republican-led campaign to prevent his administration’s $400 billion program, which would provide up to $10,000 in student debt relief, with the additional help of up to $20,000 for Pell Grant recipients, … Read more
Most Americans carry an immense burden of debt, which can be stressful and financially difficult for both people and households. You might be shocked to learn that some debt is unchangeable, though. Understanding Canceled Debt A borrower experiences a canceled debt if a creditor decides to free them from having to return all or part … Read more