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In the summer of 2023, the Supreme Court ruled to strike down Biden’s student loan forgiveness program, which would have canceled up to $20,000 of debt for roughly 43 million eligible borrowers.
June 30, 2023. Student loan debt relief has been on pause and under review of the Supreme Court since Nov. 2022. If the program is approved or a decision isn’t made by the Supreme Court before ...
In February, Education Department stated that borrowers with 240 or 300 months of payments or 120 months toward Public Service Loan Forgiveness (PSLF) would see their loans forgiven in spring 2023 ...
Biden v. Nebraska, 600 U.S. 477 (2023), was a United States Supreme Court case related to the forgiveness of federal student loans by the Biden administration in 2022, challenged by multiple states. The Supreme Court's ruling was issued on June 30, 2023, ruling 6–3 that the Secretary of Education did not have the power to waive student loans ...
The most borrowers must pay toward their undergraduate loans is 5% of their discretionary income, down from 10%. No borrower making less than 225% of the federal poverty level will have to make a ...
Aug. 24, 2022: The administration announced the plan, under which up to $10,000 in federal student debt relief may be offered to borrowers whose income in 2020 or 2021 was less than $125,000 (or ...
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