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☆ Biden's Education Department reveals the 4 groups of student-loan borrowers it's prioritizing for its second attempt at debt relief
  + stars: | 2023-10-30 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +5 min
The Education Department released the draft text of its second attempt at student-debt relief. AdvertisementAdvertisementPresident Joe Biden's Education Department just released the latest details on its second attempt at student-loan forgiveness. On Monday, the department released the draft text of its proposal to cancel student debt for federal borrowers using the Higher Education Act of 1965. The high court ruled Biden did not have the authority to cancel student debt broadly using that law. AdvertisementAdvertisementA senior department official also told reporters that the amount of student debt canceled could vary by each group.
Persons: —, Joe Biden's, Biden, Harris, Miguel Cardona, Education James Kvaal, Tamy Abernathy, it's, Ashley Pizzuti Organizations: Education Department, Service, Joe Biden's Education Department, Higher, Education
☆ New Student-Loan Forgiveness Plan Could Be Derailed by 2024 Election
  + stars: | 2023-10-18 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +5 min
AdvertisementAdvertisementPresident Joe Biden's Education Department is in the midst of crafting a new student-loan forgiveness plan for federal borrowers. It's possible Biden's new plan for debt relief wouldn't be carried out until 2025, meaning a Republican candidate for president could win the election and push Biden's relief efforts to the side. The same day as the high court's ruling, the Education Department launched its new plan: student-debt relief under the Higher Education Act of 1965. Trump also previously called Biden's first debt relief plan an "election enhancing money grab." AdvertisementAdvertisementVivek Ramaswamy, another GOP candidate, called Biden's debt relief efforts a "disaster" that "forces every citizen to pay for anti-American gender-studies majors."
Persons: —, Joe Biden's, Tamy Abernathy, Abernathy, Biden, it's, Ashley Pizzuti, Donald Trump —, Trump's, Trump, Ron DeSantis, That's, Vivek Ramaswamy, Mike Pence Organizations: GOP, Service, Joe Biden's Education Department, Republican, Education Department, Higher, Management, Biden's Education Department, Supreme, Florida Gov Locations: Florida
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