Student Loan Debt
The latest news on student loan debt. With the rising costs of higher education, more and more students are turning to loans to finance their education. A significant political issue for Democrats, President Biden put forth the Student Loan Forgiveness plan to eliminate a significant portion of student loan debt, a move that was immediately challenged by opponents and Republicans.
Joe Biden cancels $130 million in student debt
The decision was intended to absolve those who were "lied to, ripped off, and saddled with mountains of debt" by a Colorado college with dubious credentials.
The 10 states Biden wiped out the most in student loan debt
The Biden administration said earlier in July that it will wipe out $39 billion in student loan debt held by more than 800,000 borrowers.
Student loan forgiveness: White House responds to outraged GOP senators
The new forgiveness plan targets income-driven repayment plans and automatically cancels all debt for people that have been making payments for over 20 years.
My student loan costs me $700 a month. I need forgiveness
My income to debt ratio is so high because of my student loans, it weighs my credit down.
Biden student loan cancellation plan flooded with same message
More than 13,300 comments have been addressed to Education Secretary Miguel Cardona, all calling for the same thing.
Student loan update: How debt relief breaks down state-by-state
The Biden administration said more than 800,000 borrowers will have their federal student loan debt wiped away, a total of $39 billion in debt relief.
Biden's fight for student loan cancellation gets a boost
Biden has recently promoted income-driven repayment (IDR) plans, such as the SAVE plan and the Revised Pay As You Earn Repayment (REPAYE) Plan.
Student loan forgiveness scammers making thousands with trick phone calls
A consumer advice bureau is warning of a rise in student debt forgiveness schemes following the Supreme Court's ruling on the subject.
Student loan cancellation gives Biden "anger fuel" for campaign
The president's new plans for student loan relief could hand him a "win-win" for 2024, political experts say.
Biden's student loan cancellation gets a new challenger
GOP Representative Ralph Norman said he would support efforts in the House to block the president's continuing effort to forgive student debt.
Joe Biden's new student loan forgiveness possible thanks to George Bush
The Income-Driven Repayment (IDR) plan allows for remaining student debt balances to be cancelled after 20 or 25 years of payments.
Joe Biden wiping out billions in student loan debt sparks Republican fury
Michigan congresswoman Lisa McClain described the loan forgiveness scheme as "a slap in the face to hard-working taxpayers" who have already paid off debts.
Student loan forgiveness update: How to know if you qualify for new plan
"This Administration will not stop fighting to level the playing field in higher education," Education Secretary Miguel Cardona said.
Student loan forgiveness victory as Biden cancels debt for 800K borrowers
The Biden administration will automatically forgive $39 billion in student debt for 804,000 borrowers.
Student loan forgiveness update: How to get debt canceled under new plan
The announcement of the new SAVE plan comes shortly after the U.S. Supreme Court struck down Biden's student debt cancellation program.
Student loan debt could be paid off to attract employees in California
Los Angeles County is trying to help its employees pay back their student debt so they can buy homes and have kids, things that they have been putting off.
How Supreme Court justices approval ratings have changed since rulings
The court's liberal justices saw their net favorablity ratings climb in July, according to a poll conducted exclusively for Newsweek.
I left law school with $100,000 debt. My student loan has been forgiven
Now, I can focus those funds on supporting the things my children need.
Student loan forgiveness boost as Joe Biden backed to pursue other options
Biden vowed to push ahead with a new plan to provide student debt relief for millions of borrowers after the Supreme Court struck down his original effort.
Joe Biden's plan to save student loan forgiveness faces huge hurdle
"Six justices will simply not countenance executive action to cancel hundreds of billions of dollars of student loans," law professor Cary Coglianese told Newsweek.
Supreme Court justices are more united than they have been in years
The court delivered big wins for conservatives this term, but an analysis shows those decisions were among only a handful split along ideological lines.
White House hits back at Lauren Boebert celebrating student loan ruling
The Supreme Court has struck down President Joe Biden's $400 billion plan to cancel or reduce student loan debts for millions of Americans.
Trump wants to choose more Supreme Court justices after student loan ruling
Trump suggested he could appoint another "three or four" Supreme Court Justices, if reelected to the White House in November 2024.
Robert Kennedy Jr. vows to cancel student loans after Biden suffers loss
A spokesperson for Kennedy Jr. told Newsweek that the "meaningful relief" he was referring to in his tweet was "some form of student debt forgiveness."
Student loan borrowers told to default "en masse"
On Friday, the Supreme Court reached a 6-3 decision to side with Republican-led states and cancel Biden's student debt forgiveness plan.
Can student loan borrowers use bankruptcy to get rid of debt?
Bankruptcy filings for student loan debt is an option, but more like a "Plan Z" strategy, according to one lending expert who spoke with Newsweek.
"Crippled with debt": Students start GoFundMes to pay for loans
About 43 million Americans have federal student loan debt that collectively totals $1.757 trillion, according to the Department of Education.
Biden Won't Pack the Supreme Court, and It's Killing Democracy
Well, it was another banner week from the six unelected zealots who apparently make all of America's public policy decisions.
The Supreme Court Just Proved the American Dream Isn't for Black People
I'm now in so much debt that I can barely imagine the life my degree was supposed to get me.
A GOP Proposal To Actually Address the Student Loan Crisis
The heavy burden of debt is affecting Americans of all ages. But it's especially hurting young people just starting out.