Stories tagged: "student loan debt"


US President Joe Biden announces student loan relief with Education Secretary Miguel Cardona (R) on August 24, 2022 in the Roosevelt Room of the White House in Washington, DC. - Biden announced that most US university graduates still trying to pay off student loans will get $10,000 of relief to address a decades-old headache of massive educational debt across the country. (Photo by OLIVIER DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images)
Biden Administration Makes It Easier to Discharge Student Loan Debt Through Bankruptcy

Prior to this move, student loan debt—unlike credit card bills, medical bills, and most other forms of debt—was not eligible to be automatically wiped away when a person filed for bankruptcy.

WASHINGTON, DC - AUGUST 25: Student loan borrowers stage a rally in front of The White House to celebrate President Biden cancelling student debt and to begin the fight to cancel any remaining debt on August 25, 2022 in Washington, DC. (Photo by Paul Morigi/Getty Images for We the 45m)
Here’s Where the Biden Administration’s Student Loan Relief Plan Stands

In the past week, two separate courts controlled by conservative judges have ruled against the Biden administration’s plan to cancel tens of thousands of dollars in federal student loan debt for millions of borrowers, putting that relief in jeopardy. 

President Joe Biden speaks about student loan debt forgiveness in the Roosevelt Room of the White House, Wednesday, Aug. 24, 2022, in Washington. Education Secretary Miguel Cardona listens at right. (AP Photo/Evan Vucci)
Biden Cancels Student Loan Debt, Extends Repayment Pause, Announces Reforms for Future Repayments

Biden’s executive order will cancel $10,000 in debt for anyone who went to college and earns less than $125,000; $20,000 for borrowers who also received Pell Grants and meet the income threshold; and dramatically reduces monthly payments for low- and middle-income borrowers moving forward.

Will Joe Biden agree to cancel a portion of student loans for some borrowers? Graphic via Denzel Boyd for COURIER
Six in 10 Voters Support Extending Pause on Student Loans and Canceling At Least $10,000 in Loans

Voters under 45 support student debt cancellation in overwhelming numbers, and new polling from Courier Newsroom and Data for Progress shows canceling some amount of federal student loan debt could be a political winner for President Joe Biden. Tens of millions of Americans with federal student loans are holding their breath to see whether they’ll...

Will Joe Biden agree to cancel a portion of student loans for some borrowers? Graphic via Denzel Boyd for COURIER
Student Loan Debt Is Ruining Lives. Can We Just Cancel It?

About 45 million borrowers in the US collectively owe $1.6 trillion in student loan debt, a burden that has left millennials worse off than their parents, delayed marriages and children, widened the racial wealth gap, and had devastating mental health consequences.

Student loan payment moratorium ends on Dec. 31. (Image via Shutterstock)
The Moratorium on Student Loan Payments Ends Dec. 31—Three Weeks Before Biden Becomes President

Over the weekend, the Department of Education began reminding borrowers via texts and email that their monthly payments will resume on Jan. 1.