Biden administration announces new student loan cancellations
Time:2024-05-08 00:28:26 Source:travelViews(143)
WASHINGTON (AP) — The Biden administration is canceling student loans for another 206,000 borrowers as part of a new repayment plan that offers a faster route to forgiveness.
The Education Department announced the latest round of cancellations Friday in an update on the progress of its SAVE Plan. More people are becoming eligible for student loan cancellation as they hit 10 years of payments, a new finish line for some loans that’s a decade sooner than what borrowers faced in the past.
Casting a shadow over the cancellations, however, are two new lawsuits challenging the plan’s legality. Two groups of Republican-led states, fronted by Kansas and Missouri, recently filed federal suits arguing that the Biden administration overstepped its authority in creating the repayment option.
“From day one of my Administration, I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity,” President Joe Biden said in a statement. “I will never stop working to cancel student debt — no matter how many times Republican elected officials try to stop us.”
Previous:Georgia court candidate sues to block ethics rules so he can keep campaigning on abortion
Next:North Dakota state rep found guilty of misdemeanor charge tied to budget votes and building
You may also like
- DeLuca stays hot with homer and 4 RBIs as Rays beat Clevinger and White Sox 8
- Coronavirus China update: China's funeral homes overcrowded amid COVID
- China News Jack Ma: Alibaba's founder turns up in Japan as college professor
- Luke Littler's Premier League darts rival Michael van Gerwen, 34, says the 17
- Teacher Appreciation Week: Top school's staff go 'beyond the textbook'
- Artificial intelligence found to be 'superior to biological intelligence'
- VOX POPULI: Celebrating the arrival of spring the same way as in ‘Tale of Genji’
- Donald Trump's Georgia judge dismisses some criminal charges
- REVEALED: The jaw