By Karen Stokes On Wednesday, President Biden announced an additional $4.5 billion in student debt cancellation for over 60,000 borrowers through the Public Service Loan Forgiveness (PSLF) program, bringing the number of public service workers who have had their student loans canceled to over 1 million people during the Biden-Harris Administration. “Before President Biden and […]
Federal Appeals Court Upholds Biden Administration’s Student Loan Forgiveness Program
By Karen Stokes A federal appeals court recently upheld the dismissal of a challenge to a key Biden administration student loan forgiveness initiative. This decision supports the Biden-Harris administration, maintaining over $51 billion in debt relief already granted and enabling further loan forgiveness. “We recognize that there’s going to be some who are going to […]
Biden-Harris Administration Approves $6.1 Billion Group Student Loan Discharge
By Karen Stokes The Biden-Harris Administration announced an additional over $6 billion in student debt cancellation for 317,000 borrowers who attended the Art Institutes, on or after Jan. 1, 2004, through Oct. 16, 2017. A higher-ed entity that knowingly defrauded its enrollees over several years. Today’s action brings total approved debt cancellation under Biden Administration […]
Biden-Harris Administration Approves Additional $5.8 Billion in Student Debt Relief for Public Service Workers
By Karen Stokes On Thursday, the Biden-Harris Administration announced the approval of $5.8 billion in additional student loan debt relief for 77,700 borrowers. These approvals are the result of fixes made by the Administration to Public Service Loan Forgiveness (PSLF). The announcement brings the total loan forgiveness approved by the Biden-Harris Administration to $143.6 billion […]
Biden-Harris Administration Approves $1.2 Billion in Loan Forgiveness for Over 150,000 SAVE Plan Borrowers
By Karen Stokes The Biden-Harris Administration announced that it will automatically discharge $1.2 billion in loans for nearly 153,000 borrowers who are eligible for the shortened time to forgiveness benefit under President Biden’s Saving on a Valuable Education (SAVE) Plan. There are 7.5 million borrowers who are now enrolled in SAVE, 4.3 million of whom […]
The Biden Administration is Proposing a More Manageable Student Loan Plan
By Karen Stokes The Department of Education released its proposed rule updating its Income Driven Repayment program to make student loan payments more manageable for borrowers moving forward. “We’re doing this because we have to get a handle on the issue that we’ve seen for decades, college costs going up, financial aid going down and […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
Student Debt Loan Forgiveness Eligibility Changes
Legislatively Speaking By Senator Lena C. Taylor The ink wasn’t even dry on my column last week, when the U.S. Department of Education made a major change to the student loan forgiveness eligibility rules. Shortly after pressing send, my email was flooded with stories about the six Republican controlled states that were suing the Biden […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
Student Loan Forgiveness Alleviates Financial Stress of College, a Process Largely Unfamiliar to Black Students.
By Myron Edwards Deputy Field Director at For Our Future Wisconsin Growing up, college was not something I had ever seriously envisioned for my future–but I can proudly say I am the first in my family to earn a Bachelor’s Degree. I attended Wauwatosa West High School which was extremely segregated, from the buses and […]