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White House officials have been weighing – and leaning toward – the cancellation of up to $10,000 in student loan debt per borrower tied to an income threshold, CNN has learned.
The White House projects Biden's student loan debt cancellation will cost about $24 billion per year. Combining new reforms, a Penn Wharton analysis projects Biden's overall plan could top $1 ...
The White House is extending the pause on federal student loan payments through the end of June 2023 in an effort to "alleviate uncertainty" for borrowers as the Biden administration battles at ...
The White House is expected to announce a plan to cancel a chunk of student loan debt on Wednesday, in addition to an extension of the existing payment pause, three sources with knowledge of the ...
More: 'Massive new program': Supreme Court majority signals skepticism over Biden's student loan forgiveness plan But publicly, the White House won't even entertain the idea of a Plan B, insisting ...
The White House says that its new student loan forgiveness program is expected to cost $24 billion over a 10-year period, far less than what independent researchers have said.
The White House’s announcement falls short of demands from some members of Congress and advocates who have called for $50,000 in student loan forgiveness. However, President Biden has ...
“The Trump administration has announced we will put an end to Biden’s illegal student loan bailout attempts,” White House Press Secretary Karoline Leavitt told reporters Tuesday, following a ...
White House press secretary Karoline Leavitt announced today that the pause in collections on student loans in default that has been in effect since the early days of Covid comes to an end on May 5.
The Biden-Harris administration on Monday announced an additional round of student loan forgiveness, canceling the balances of over 152,000 borrowers. The loans forgiven total nearly $4 billion ...
White House Says It Will Seize Wages For Student Loans In Collection—Here’s What Borrowers Can Expect Secretary of Education Linda McMahon at the White House on April 16. Getty Images ...
With Trump back in the White House, student loan forgiveness programs, flexible repayment plans, borrower relief and more could be on the chopping block. Here are steps you can take to prepare.