Starting this summer, millions of Americans with student loans will be able to enroll in a new repayment plan that offers some of the most lenient terms ever
Biden's Plan Cuts Student Loan Payments for Millions to $0. Here's What Could Happen NextWASHINGTON — The Biden administration calls it a “student loan safety net.” Opponents call it a backdoor attempt to make college free. And it could be the next battleground in the legal fight over student loan relief.
Republicans have fought against the plan, saying it oversteps the president’s authority. Sen. Bill Cassidy, the ranking Republican on the Health, Education, Labor, and Pensions Committee, called it “deeply unfair” to the 87% of Americans who don’t have student loans. Borrowers will be able to apply later this summer, but some of the changes will be phased in over time.
It will be available to all borrowers in the Direct Loan Program who are in good standing on their loans.The administration announced last year it would make fixes to correct mistakes in tracking payments that qualify toward forgiveness under income-driven repayment plans. As a result, the education department said Friday, it will wipe out $39 billion in debt held by more than 800,000 borrowers
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
British-Sudanese medical student who fled war denied UK student loan to complete her studies“Seeing how much people were suffering in Sudan, seeing people being physically wounded and not being able to do anything because I hadn’t been trained enough to actually be of use, made me want to study medicine even more,” Sami 🖋️ mollyblackall
Læs mere »
Campaigners opposing cuts to 'lifeline' bus service optimisticThe operator says funding will have to be justified given the 'small number of passengers'
Læs mere »
Microsoft’s Surface Pro 9 requires a balancing actThere's probably someone out there who likes a wobbly laptop that cuts their flesh
Læs mere »
Glasgow student subjected to sex attack by professor takes uni to courtKevin O'Gorman, a lecturer at Strathclyde University, was found guilty of attacking seven male students - including a 35-year-old who is taking his former university to court.
Læs mere »
Student with sore back given weeks to live after heartbreaking cancer diagnosisDylan Lamb has been told he has weeks to live after his Leukaemia returned last month. The 20-year-old is now in need of a clinical trial in America that could save his life.
Læs mere »
Lecturer strikes: Student with no grades could lose visaRei Takver needs her degree result to extend her visa, but a marking strike means she is 'in limbo'.
Læs mere »