Tag Archives: student loan debt

[ad_1] Washington CNN  —  About nine million people received an email last month from the Department of Education that mistakenly said their application for student loan forgiveness had been approved, adding to the confusion surrounding President Joe Biden’s debt relief program. Thus far, no one has received debt forgiveness because …

[ad_1] CNN  —  A second federal appeals court has rejected a Biden administration bid to put on hold a ruling blocking the President’s student debt relief policy. The 5th US Circuit Court of Appeals ruled Wednesday night that it would not pause a ruling from a Texas judge striking down …

[ad_1] CNN  —  The Biden administration started notifying individuals who are approved for federal student loan relief on Saturday even as the future of that relief remains in limbo after lower courts blocked the program nationwide. The Department of Education began sending emails to borrowers who have been approved to …

[ad_1] Editor’s Note: Steve Vladeck is a CNN legal analyst and a professor at the University of Texas School of Law. He is the author of the upcoming book “The Shadow Docket: How the Supreme Court Uses Stealth Rulings to Amass Power and Undermine the Republic.” The opinions expressed in …

[ad_1] Washington CNN  —  President Joe Biden’s federal student loan forgiveness program, which promises to deliver up to $20,000 of debt relief for millions of borrowers, is on hold indefinitely as legal challenges work their way through the courts. About 26 million people had already applied by the time a …

[ad_1] CNN  —  President Joe Biden predicted Thursday that student loan borrowers will start receiving relief – which is currently on hold over a court challenge – within weeks, projecting confidence that his administration will win the challenge. “We’re going to win that case. I think in the next two …

[ad_1] CNN  —  A Wisconsin taxpayers group has asked the Supreme Court to step in on an emergency basis and temporarily block the Biden administration’s student loan forgiveness program from taking effect. The application for student loan forgiveness officially opened Monday. Student loan cancellation could begin as soon as Sunday, …

[ad_1] CNN  —  The Biden administration is taking new steps to help protect borrowers from scams in the days before Americans can begin to apply for student loan forgiveness. Officials announced “ongoing and expanded efforts across the administration to combat scams and misinformation” on Wednesday, including “educating borrowers about how …

[ad_1] Washington CNN  —  President Joe Biden’s plan to cancel up to $20,000 in federal student loan debt for low- and middle-income borrowers could cost $400 billion, according to a Congressional Budget Office report released Monday. Biden announced the forgiveness plan in August, after facing mounting pressure from progressives to …