Federal student loan forgiveness applications are now open
INSIDE HIGHER ED — President Biden on Monday afternoon opened his plan to forgive hundreds of millions of dollars in student debt to everyone who is eligible.
Read More about Federal student loan forgiveness applications are now openHow to apply for new federal student loan forgiveness programs
WWVA — President Joe Biden on Monday officially kicked off the application process for his student debt cancellation program, opening the door for millions of Americans to apply for up to $20,000 in forgiveness. The Biden administration touts it as a simple, straightforward application that should only take about five minutes. Here’s how to apply.
Read More about How to apply for new federal student loan forgiveness programsOpinion: Rising college tuition costs are causing a decline in intellectual curiosity
INSIDE HIGHER ED — Pundits on both sides of the aisle continue to debate the merits of President Biden’s plans to cancel student debt. But no matter which side of the debate you fall on, it’s hard to argue with the fact that canceling up to $20,000 in student debt will not fix the entrenched…
Read More about Opinion: Rising college tuition costs are causing a decline in intellectual curiosityStudent loans pose disproportionate problems for Black borrowers
THE CHRONICLE OF HIGHER EDUCATION — In November 2015, The New York Times published a story on student-loan debt that focused on the plight of Liz Kelley, a college graduate, mother of four, and high-school teacher who owed a whopping $410,000 in federal student loans.
Read More about Student loans pose disproportionate problems for Black borrowersWhite House releases student debt forgiveness estimates by state
THE HILL — The White House on Tuesday released a state-by-state breakdown of borrowers affected by President Biden’s student debt forgiveness plan, which could eliminate student debt entirely for 20 million borrowers.
Read More about White House releases student debt forgiveness estimates by stateTwo US Representatives propose bill to increase Pell Grant and rework federal loan system
HIGHER ED DIVE — Democrats presented the LOAN Act as a continuation of President Joe Biden’s decision to cancel mass amounts of student loan debt, up to $10,000 per person making under $125,000 a year. Pell Grant recipients in the same income bracket can have up to $20,000 forgiven.
Read More about Two US Representatives propose bill to increase Pell Grant and rework federal loan systemStudent loan borrowers in seven states may be taxed for student loan forgiveness
NPR — When federal student loan borrowers take a breath from celebrating the cancelation of some or all of their federal student loans, millions of them could be in for a nasty surprise: While President Biden’s sweeping student debt relief won’t be subject to federal income tax, in seven states borrowers may have to pay state income…
Read More about Student loan borrowers in seven states may be taxed for student loan forgivenessFederal loan forgiveness could be complicated by lawsuits
INSIDE HIGHER ED — Republicans say Biden’s student debt-relief plan is illegal, but they are struggling to find a plaintiff with standing to make a case against the president’s use of executive authority.
Read More about Federal loan forgiveness could be complicated by lawsuitsBiden Administration plans to formalize DACA and shield it from legal challenges
CBS NEWS — The Biden administration on Wednesday finalized a rule to transform the Deferred Action for Childhood Arrivals(DACA) immigration policy for more than 600,000 so-called “Dreamers” into a federal regulation, a move aimed at protecting the program from legal challenges that imperil its existence.
Read More about Biden Administration plans to formalize DACA and shield it from legal challengesWhite House announces plans to cancel student debt
INSIDE HIGHER ED — President Biden announced today that he will cancel up to $10,000 in student debt for Americans earning less than $125,000 per year (or $250,000 for couples filing taxes jointly) with additional relief for borrowers from low-income backgrounds who received Pell Grants.
Read More about White House announces plans to cancel student debt