President Joe Biden announced a one-time student loan forgiveness of $10,000 to $20,000 depending on your income. But where do we go from here? Borrowers will still have loans to pay off, and every year, another class of students will graduate with a fresh balance. Here are three proposals for permanent changes to America’s college…

President Biden has declared a substantial amount of student loans forgiven. Critics have questioned the legality of student loan forgiveness after Biden completed the action through executive order. In a legal opinion, the Justice Department said the Biden Administration has the grounds to do it. Citing the HEROES Act of 2003, the legal opinion read the administration…

President Joe Biden finally announced his long-teased student loan forgiveness plan. Reaction to the program was swift from all corners of the country. The White House shared the plan in a tweet Wednesday, revealing that the government would forgive $10,000 in federal student debt for every borrower who makes less than $125,000 per year, and…

With the swipe of a pen, President Joe Biden is wiping away student debt for millions of Americans, with a hefty price tag of around $300 billion for the American people. But already, experts are questioning the long-term impact of this historic moment. “When you provide one-time loan forgiveness to all borrowers, what do we…

President Joe Biden announced a plan to forgive $10,000 in student loans for borrowers who make less than $125,000 per year and $20,000 for Pell Grant recipients. The president is also extending the freeze on payments and interest until Dec. 31 but said this is the final time he will do that. “In keeping with my campaign…

The long awaited announcement on student loan forgiveness is happening today. According to the Associated Press, $10,000 worth of student debt is set to be forgiven for borrowers making less than $125,000 a year. President Biden is also expected to continue a pause on payments first put in place at the start of the pandemic.…

An announcement on student loans is expected “within the next week or so” according to the U.S. Secretary of Education. August 31st is when the pause on student loan payments is set to expire. However, President Biden could be weighing other options before interest starts to accrue again. He could extend the moratorium for a fifth time or…

The moratorium on student loan payments and interest is set to expire Aug. 31. That means President Joe Biden has a big announcement to make within the next two weeks as to whether he will end or extend the freeze. Political experts believe with the midterm elections right around the corner, he will almost certainly…

The Biden administration will cancel $5.8 billion in federal student loans for 560,000 borrowers. Loans will be forgiven for anyone who attended Corinthian Colleges from its founding in 1995 to its closing in 2015. This is the largest single student loan discharge in history.  The Department of Education said the now defunct Corinthian Colleges misrepresented…

The debate over the $1.7 trillion in college debt is back in the spotlight as President Biden is reportedly considering canceling at least $10,000 of debt per borrower. The president has already extended the freeze on federal student loan payments and collections until August, as the White House figures out what to do about an…