Despite the Supreme Court striking down Biden’s broad student loan forgiveness plan in June 2023, the administration reported on February 12, 2024, that it had approved $136.6 billion in targeted student debt relief for 3.7 million borrowers through existing programs—demonstrating that …
Joe BidenMiguel Cardonastudent-debtdebt-reliefjoe-biden
President Joe Biden announced on August 24, 2022, a sweeping student loan forgiveness plan that would cancel up to $20,000 in federal student debt for Pell Grant recipients and up to $10,000 for other borrowers earning less than $125,000 annually ($250,000 for couples), potentially benefiting 43 …
Joe BidenMiguel Cardonastudent-debtdebt-reliefjoe-biden
On June 24, 2022, the U.S. Department of Education under Secretary Miguel Cardona reached a landmark settlement in the class action lawsuit Sweet v. Cardona (originally filed as Sweet v. DeVos), agreeing to automatically cancel approximately $6 billion in federal student loans for roughly 200,000 …
U.S. District Court for Northern CaliforniaU.S. Department of EducationMiguel CardonaBetsy DeVosProject on Predatory Student Lending+1 morefor-profit-educationstudent-debt-cancellationborrower-defenseclass-action-settlementfraud-relief+1 more