Forgiveness

US President Joe Biden delivers remarks regarding student loan debt forgiveness in the Roosevelt ... Room of the White House. (Photo by Demetrius Freeman/The Washington Post via Getty Images)The Washington Post via Getty Images Three…

The Biden administration reined in its pledge to forgive up to $20,000 in federal student loans Thursday, narrowing the types of loans eligible for relief.The basic contours of the offer remain the same. Borrowers with incomes of less than…

In late August, President Biden announced he was using a provision in the 2003 HEROES Act to have taxpayers “forgive” $400 billion in federal student loans. Biden’s move was attacked as regressive, inflationary, arbitrary, and for promising…

U.S. Secretary of Education Miguel Cardona attends a panel discussion . (Photo by Colin ... n Myers/Claflin University/HBCU via Getty Images)Historically Black Colleges and Universities via Getty Images New America, where the author works,…

President Joe Biden announced a program to provide student debt relief to millions of borrowers of federal loans. The plan would offer up to US$10,000 in forgiveness for people who earn less than $125,000 – $250,000 for couples – and…

President Joe Biden’s student loan forgiveness plan will largely help borrowers whose salaries are in the top half of American incomes, according to a Monday analysis by the Committee for a Responsible Federal Budget (CRFB). Biden…