Tag Archives: student loans

NPR reports: At the heart of the question is the 2003 HEROES Act, which passed in the wake of 9/11 and gave the education secretary broad power to “modify or waive” provisions of student loan programs in times of emergency. The Biden administration argues that the COVID-19 pandemic constituted one such emergency. Conservative opponents of the plan, however, argue that …

Reuters reports: U.S. Supreme Court Justice Amy Coney Barrett on Friday again declined to block President Joe Biden’s plan to cancel billions of dollars in student debt, this time in a challenge brought by two Indiana borrowers, even as a lower court considers whether to lift a freeze it imposed on the program in a different case. Barrett denied an …

Axios reports: Led by Iowa Gov. Kim Reynolds, 22 GOP governors on Monday sent a letter to President Biden urging him to withdraw his student loan forgiveness plan, citing its negative impact on lower-income families. Biden’s plan has faced significant pushback from Republicans, who say it’s unconstitutional, illegal and unfair to working-class Americans. “Only 16-17 percent of Americans have federal …

NBC News reports: The White House hit back at Republicans in an uncharacteristic manner Thursday by using its Twitter account to go after GOP lawmakers who are bashing President Joe Biden’s move to cancel some student debt after they personally benefited from having Paycheck Protection Program loans forgiven during the Covid pandemic. Like many of their GOP colleagues, the lawmakers …

The New York Times reports: President Biden announced on Wednesday that he would cancel $10,000 in student loan debt for Americans earning less than $125,000 per year, capping months of anticipation over a campaign promise to provide economic relief to millions of people, according to four people familiar with the announcement. Mr. Biden also extended a pandemic-era pause on loan …

The New York Times reports: President Biden will announce a decision on Wednesday about his plans for student loan debt relief, a highly anticipated moment that could affect about 45 million borrowers nationwide, according to people familiar with the matter. Although details of the plan were still being finalized, White House aides have said Mr. Biden was weighing a targeted …

The Minnesota Daily reports: A new bill proposed in the Minnesota Legislature would make anyone convicted of a crime at a protest ineligible for student loans and many other forms of state financial aid. The bill, authored by Sen. David Osmek (R- Mound), states that “A person convicted of a criminal offense related to the person’s illegal conduct at a …

Politico reports: Education Secretary Betsy DeVos is continuing to garnish the wages of federal student loan borrowers who fall behind on payments even though Congress suspended the practice in the economic rescue package, according to a new lawsuit. An upstate New York woman who works as a home health aide for less than $13 an hour claimed in the lawsuit, …

CNBC reports: As student debt continues to climb, President Donald Trump on Monday released a budget for 2021 that would slash many of the programs aimed at helping borrowers. Student loan spending would be cut by $170 billion in Trump’s plan, titled “A Budget for America’s Future.” The reductions include “sensible annual and lifetime loan limits” for graduate students and …

Via Politico: ITT Tech, one of the nation’s largest chains of for-profit colleges, announced Tuesday that it is shutting down – exactly 12 days after the Education Department banned the company from enrolling new students using federal student aid. “The actions of and sanctions from the U.S. Department of Education have forced us to cease operations of the ITT Technical …