Tag Archives: student debt

Axios reports: Eleven Republican-led states are suing the Biden administration over its latest efforts to provide student debt relief for millions of borrowers. The Kansas-led lawsuit is seeking to have the SAVE plan immediately halted. The attorneys general from Alabama, Alaska, Idaho, Iowa, Louisiana, Montana, Nebraska, South Carolina, Texas and Utah joined the suit. Kansas Attorney General Kris Kobach (R) …

The Washington Post reports: Several conservative Supreme Court justices on Tuesday questioned the power of the Biden administration to wipe out nearly a half a trillion dollars in student loan debt without direct authorization from Congress. The court’s liberal justices, meanwhile, expressed skepticism over whether the six Republican-led states that brought the first case are specifically harmed by President Biden’s …

NBC News reports: The Supreme Court on Thursday delayed a decision on whether to grant President Joe Biden’s bid to implement his student loan forgiveness plan, announcing instead that it will hear full oral arguments on an expedited basis. In a brief order, the court said it would hear arguments in February with a decision soon to follow. In the …

The Texas Tribune reports: A federal judge in North Texas ruled on Thursday that President Joe Biden’s student loan forgiveness program is “unlawful,” the latest challenge to the policy that has seen several attacks from conservative groups. U.S. District Judge Mark Pittman said in court files that he declared the loan forgiveness plan unlawful because Biden did not follow federal …

The New York Times reports: A federal appeals court on Friday temporarily halted President Biden’s student debt relief plan, preventing the government from moving forward with the debt cancellation it had said could start as early as next week. The U.S. Court of Appeals for the Eighth Circuit granted a stay in response to an appeal filed by six Republican-led …

The New York Times reports: Justice Amy Coney Barrett on Thursday rejected a challenge to President Biden’s student debt relief program from a taxpayers’ association in Wisconsin that said he had overstepped his authority in adopting the sweeping measure, one that could cost the government hundreds of billions of dollars. Justice Barrett denied the association’s challenge without comment, which is …

The Washington Post reports: Six Republican-led states sued on Thursday to overturn President Biden’s plan to cancel up to $20,000 in student debt for millions of borrowers, as conservatives advance legal challenges to one of the administration’s signature economic policy initiatives. The lawsuit filed by the GOP-run states asks the court to block the program immediately to prevent the Biden …

Via press release from the Department of Education: The U.S. Department of Education (Department) announced today the approval of over 1,800 borrower defense to repayment (borrower defense) claims for borrowers who attended three institutions: Westwood College, Marinello Schools of Beauty and the Court Reporting Institute. This is the first time the Department has announced approved borrower defense claims for students …

The Associated Press reports: Thousands of students defrauded by for-profit schools will have their federal loans fully erased, the Biden administration announced Thursday, reversing a Trump administration policy that had given them only partial relief. The change could lead to $1 billion in loans being canceled for 72,000 borrowers, all of whom attended for-profit schools, the Education Department said. “Borrowers …

The Washington Post reports: Sen. Bernie Sanders (I-Vt.) will propose on Monday eliminating all $1.6 trillion of student debt held in the United States, a significant escalation of the policy fight in the 2020 Democratic presidential primary two days before the candidates’ first debate in Miami. Sanders is proposing the federal government pay to wipe clean the student debt held …

Boston’s WBUR reports: Democratic presidential candidate Elizabeth Warren is proposing the elimination of existing student loan debt. The Massachusetts senator says the proposal unveiled Monday would eliminate almost all student loan debt for 42 million Americans, canceling $50,000 in debt for each person with household income under $100,000. Warren says the debt cancellation proposal would create a one-time cost to …

Politico reports: The Trump administration said Thursday it will cancel thousands of borrowers’ federal student loans, carrying out an Obama-era policy that Education Secretary Betsy DeVos had fought to kill. The move comes as DeVos is being forced to implement a package of regulations that created more protections for student loan borrowers who were affected by a school closure or …

Courthouse News reports: Despite a court order voiding efforts to delay Obama-era student borrower protections, the U.S. government continues to collect money from borrowers who are entitled to automatic debt relief, a consumer advocacy group claims in a new lawsuit. In September, a federal judge in Washington D.C. found the Education Department’s delays in implementing the rule unlawful. One month …