Biden administration announces new student loan cancellations
Release time：2024-05-21 19:48:54 Source：Culture Compass news portal
WASHINGTON (AP) — The Biden administration is canceling student loans for another 206,000 borrowers as part of a new repayment plan that offers a faster route to forgiveness.
The Education Department announced the latest round of cancellations Friday in an update on the progress of its SAVE Plan. More people are becoming eligible for student loan cancellation as they hit 10 years of payments, a new finish line for some loans that’s a decade sooner than what borrowers faced in the past.
Casting a shadow over the cancellations, however, are two new lawsuits challenging the plan’s legality. Two groups of Republican-led states, fronted by Kansas and Missouri, recently filed federal suits arguing that the Biden administration overstepped its authority in creating the repayment option.
“From day one of my Administration, I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity,” President Joe Biden said in a statement. “I will never stop working to cancel student debt — no matter how many times Republican elected officials try to stop us.”
- Previous：Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
- Next：Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car
Related articles
- Target to lower prices on basic goods in response to inflation
- Brunei's Prince Abdul Mateen
- Prince Harry WILL attend King Charles' Coronation but not Meghan Markle
- Alicia Keys rocks a studded denim
- Yu Darvish extends scoreless innings streak to 25 in Padres' 9
- Seafood shocker: Warning shrimp and lobster contain dangerous levels of cancer
- How middle
- Channing Tatum and Jenna Dewan seeking to have one another testify at upcoming divorce hearing
- US overdose deaths dropped in 2023, the first time since 2018
- Best quotes from Harry and Meghan's shocking Oprah interview
- Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
- Now and Then co
- Penny Lancaster, 53, showcases her endless legs in a thigh
- Florence's iconic 700
- Mystery artist who erected signs comparing pothole
- Kristin Smart's murderer Paul Flores is stabbed in California jail
- Afghan migrant on terror watch list spent a YEAR in the U.S. after he was released by Border Patrol
- America's best fast food restaurants ranked
- Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers
- Through the palace keyhole... by those who were there
Random recommendation
- Copyright © 2024 Powered by Biden administration announces new student loan cancellations ,Culture Compass news portal sitemap