The Education Department apparently has been preparing for various scenarios to lessen administrative burden.
Biden about to come through on his word...forgiving 10K in student loans
- Thread starter MalaKai
- Start date
The Education Department apparently has been preparing for various scenarios to lessen administrative burden.
Wait, so a couple that received a spell grant before 2020 is eligible for $50k total?Wait did that shyt say 50k
Biden got my vote for just $20k and ACA expansion but your boy about to sign an additional check to my family for $30k more on top of the stimmies?!
LeVraiPapi
Redemption is Coming
Waiting for the plan from Republicans
For those people hoping there'll be people suing the US Department of Education over this, this article says no one really has standing.
www.virginialawreview.org
And the Hero's Act of 2003 was used for the PSLF program
Standing and Student Loan Cancellation - Virginia Law Review
As the public policy debate over broad student loan cancellation continues, many have questioned whether the Executive Branch has the legal authority to waive the federal government’s claim to up to $1.6 trillion in debt. Some have argued that loan nullification would prompt a years-long battle...
www.virginialawreview.org
And the Hero's Act of 2003 was used for the PSLF program
MalaKai
Luv is Luv
All the posters who doubted....now Cool Joe done came thru and crushed the buildings.
let some people tell it, this isnt the caseSo many people can now begin building generational wealth now.
Biden is the real deal
Biden cancels nearly $6B in student debt for 77,700 public service workers
President Biden canceled $5.8 billion in student loan debt for 77,700 public service workers Thursday through the Public Service Loan Forgiveness program (PSLF). The workers who will receive the de…
thehill.com
Biden cancels nearly $6B in student debt for 77,700 public service workers
BY ALEX GANGITANO - 03/21/24 5:00 AM ETPresident Biden canceled $5.8 billion in student loan debt for 77,700 public service workers Thursday through the Public Service Loan Forgiveness program (PSLF).
The workers who will receive the debt include teachers, nurses and firefighters, among others. The Biden administration overall has canceled student debt for more than 870,000 public service workers, eclipsing $62.5 billion in debt forgiven, according to the White House’s announcement.
The public service workers receiving loans are set to receive an emailed message with the news, signed by Biden.
“Because you’ve pursued a career in public service, you’re on track to get your eligible student loans forgiven in less than a year through Public Service Loan Forgiveness,” the message reads.
The relief is a result of fixes that the Biden administration made to the PSLF program. Education Secretary Miguel Cardona said in a statement that the PSLF previously had “logistical troubles and trap doors.”
“Today, more than 100 times more borrowers are eligible for PSLF than there were at the beginning of the Administration. The Biden Administration is turning a promise broken under our predecessor into a promise kept,” Cardona said.
In January, the Biden administration announced it would forgive $3.2 billion for those on the PSLF program. At the time, it had forgiven $56.7 billion for 793,400 PSLF borrowers.
Overall, as of January, it had forgiven the debt held by more than 3.7 million student loan borrowers through either PSLF or other avenues, such as fixes in income-driven repayment options.
