On Tuesday, the Supreme Court heard challenges to President Joe Biden’s student debt relief plan. The proposal, which would cancel between $10,000 and $20,000 in current debt for most borrowers,...
Tag: Forgiveness
One student loan forgiveness effort ‘hasn’t gotten the attention it deserves’: expert
If the Supreme Court strikes down the Biden administration’s student loan forgiveness initiative, then another relief measure the president promised last year becomes an even more important life...
‘I’m holding my breath’: What will happen if the Supreme Court blocks Biden’s student-loan forgiveness plan?
As the Supreme Court debates President Joe Biden’s student-loan forgiveness plan, Americans’ consumer debt continues to rise — and more of it is past due. For Shanna Hayes, 34, who was recently laid o...
Supreme Court’s Conservative Majority Wary Of Biden’s Student Loan Forgiveness Plan
Topline The Supreme Court’s conservative justices questioned the legality of President Joe Biden’s student loan forgiveness program Tuesday, as the court heard arguments in two cases from plaintiffs s...
Student loan forgiveness gets its day in court: What to know
NEW YORK (AP) — The Supreme Court is meeting Tuesday to hear two cases challenging President Joe Biden’s student loan forgiveness plan. At stake: forgiveness of up to $20,000 in debt for more th...
Student Debt Forgiveness At Supreme Court Tuesday—Here’s What You Need To Know
Topline The Supreme Court will hear oral arguments Tuesday in two cases that will determine whether President Joe Biden’s student loan forgiveness can go back into effect, with millions of Americans’ ...
What Would Happen If the Supreme Court Blocks Student Loan Forgiveness?
If the Supreme Court strikes down student loan forgiveness, borrowers would have to repay debts while facing more financial pressures than before the pandemic. The court is deciding whether President...
Opinion: The days of IRS forgiveness for RMD mistakes may soon be over
Katie St. Ores has a 100% track record of getting her tax clients out of paying the steep penalty for missing a required minimum distribution from their retirement funds. That amounts to only two hous...
The White House embraced debt forgiveness in 2022. Here’s what student-loan borrowers can expect in 2023.
This was the year the White House embraced the idea of mass student-loan forgiveness, but 2023 will likely be the year when borrowers will find out whether the policy will actually impact their wallet...
Year-End Expert Advice On Student Loan Forgiveness
President Joe Biden, speaking about student loan relief at Delaware State University in October. The Supreme Court will hear challenges in February to his plan to forgive up to $20,000 for some borrow...
Supreme Court Will Hear Arguments On Biden’s Stalled Student Loan Forgiveness Plan
Topline The Supreme Court will hear oral arguments in a case challenging President Joe Biden’s student loan forgiveness plan, the court announced Thursday, which means a final decision on the program’...
America has a $1.7 trillion student loan debt problem. Here’s what 6 borrowers think will solve the crisis as Biden’s forgiveness plan stalls
When President Joe Biden announced his plan to forgive up to $10,000 to $20,000 in federal student loan debt for most borrowers, it was the first time in many of their adult lives that those bearing t...
Appeals Court Rules Against Biden’s Student Loan Forgiveness Plan—Likely Sending Second Case To Supreme Court
Topline A federal appeals court ruled against the Biden Administration’s student loan forgiveness plan Wednesday, siding with a lower court that struck down the policy, ensuring the program will remai...
Biden Administration Will Ask Supreme Court To Resume Student Loan Forgiveness Program
Topline President Joe Biden’s administration plans to ask the Supreme Court to reinstate a student debt forgiveness program that has been held up by lower court decisions, as legal disputes prev...
73% of student loan borrowers plan to spend their debt forgiveness checks on non-essential items. Do this with it instead.
‘Travel, dining out and new tech’: 73% of student loan borrowers plan to spend their debt forgiveness checks on non-essential items. Do this with it instead. President Joe Biden’s st...
Biden’s Student Loan Forgiveness Plan Kept On Hold As Court Sides With GOP States
Topline The Biden Administration will remain blocked from dispersing student loan forgiveness to millions of borrowers, at least while litigation against its policy plays out, as a federal appeals cou...
Biden Administration Suspends Student Loan Forgiveness Applications
Topline The Biden administration will stop accepting applications for federal student loan forgiveness, according to a note on the official application website, after a Texas court struck it down and ...
Biden’s Student Loan Forgiveness Gets Greenlight As Judge Rules Against GOP Challenge
Topline Federal student loan forgiveness will continue rolling out this month as planned, as a federal judge rejected Thursday an attempt by Republican-led states to block the policy because they beli...
Supreme Court Will Not Block Biden’s Student Loan Forgiveness
Topline A request for the Supreme Court to block President Joe Biden’s plan for broad federal student loan debt cancellation was rejected Wednesday, in a major blow to the highest-profile legal ...
Group Asks Supreme Court To Halt Biden’s Student Loan Forgiveness Plan
Topline A Wisconsin taxpayers association asked the Supreme Court Wednesday to block the White House’s student loan forgiveness program before funds start rolling out to borrowers later this month, on...
5 red flags to spot student loan forgiveness application scams
Win-initiative/neleman | Stone | Getty Images The Biden administration officially launched the application for federal student loan forgiveness on Monday — and scammers are already “on the move&...
Student loan forgiveness applications are now open — here’s what borrowers need to know to get their relief
Student loan forgiveness applications are now open — here’s what borrowers need to know to get their relief Borrowers can now start applying online for relief under President Biden’s student loa...
Get Ready For Biden’s $10K+ Student Loan Forgiveness Application
WASHINGTON, DC – AUGUST 25: George Washington University student Tuana Gitonga and other student … [+] loan debt activists rally outside the White House a day after President Biden announc...
Education Secretary is ‘more excited’ about income-driven payments than forgiveness
President Joe Biden revealed a loan forgiveness plan in August that will forgive $10,000 of student debt for borrowers earning less than $125,000 per year, and up to $20,000 for Pell Grant recipients....
President Biden just (quietly) scaled back student loan forgiveness — and the change could impact up to 1.5M borrowers. Are you one of them?
‘Remarkable reversal’: President Biden just (quietly) scaled back student loan forgiveness — and the change could impact up to 1.5M borrowers. Are you one of them? The Department of Educat...
Biden administration scales back eligibility for student loan forgiveness. Here’s who’s affected
Students walk through the campus of University of California Santa Cruz on Sept. 21. (Nic Coury/For The Times) The Biden administration reined in its pledge to forgive up to $20,000 in federal student...
Biden’s Student Debt Forgiveness Plan Will Cost $400 Billion, CBO Finds
Topline President Joe Biden’s plan to forgive student loan debt for many borrowers will cost roughly $400 billion, according to a Congressional Budget Office estimate released on Monday, rekindling a ...
Follow These Steps to Get Your Student Loan Forgiveness
(Bloomberg) — The Biden administration’s announcement that qualifying borrowers can receive up to $20,000 in forgiveness on federally held student loans first elicited cheers from many of ...
I already paid off my student loans! Am I eligible for a refund and loan forgiveness? Yes, up to $20K — but only under these two specific conditions
I already paid off my student loans! Am I eligible for a refund and loan forgiveness? Yes, up to $20K — but only under these two specific conditions If federal student loans hang over your head, you’l...
Student Loan Forgiveness May Hit You With a Heavy Tax Bill
Depending on where they live, student borrowers may soon face an unexpected tax burden. In August, the Biden Administration made news by announcing that it would forgive up to $10,000 in student debt ...
You may owe taxes for federal student loan forgiveness in these states
Marko Geber | DigitalVision | Getty Images If you’re one of the millions of Americans expecting student loan forgiveness, you won’t owe federal taxes. But that doesn’t mean you’...
Will Student Loan Forgiveness Help The Economy? Now Or Later?
Assessing the economic impact of student loan forgiveness. Getty Images Key Takeaways Student loan forgiveness does nothing to make inflation spike at this moment. People already had those payments on...