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 March 13, 2020, in response to the COVID-19 pandemic’s economic devastation, the Trump administration announced an unprecedented pause on federal student loan payments and interest accrual, suspending monthly payments for approximately 44 million borrowers holding roughly 90% of all …
Donald TrumpJoe BidenDepartment of Educationstudent-debtcovid-19debt-relief