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☆ Student loan forgiveness: How Biden continues to cancel debt after Supreme Court ruling
▼ + stars: | 2023-10-22 | by ( Katie Lobosco | ) edition.cnn.com time to read: +9 min

Washington CNN —Although the Supreme Court struck down President Joe Biden’s signature student loan forgiveness program in late June, his administration has found ways to cancel more than $48 billion in debt since then. That’s more student loan forgiveness than was granted under any other administration – in part due to the Biden administration’s efforts to temporarily expand some debt relief programs and to correct past administrative errors made to borrowers’ student loan accounts. Expanding debt relief program for public-sector workersNearly $51 billion of student loan debt has been canceled for 715,000 borrowers through the Public Service Loan Forgiveness program since Biden took office. The PSLF program cancels outstanding federal student loan debt for public-sector workers who have made 120 qualifying monthly student loan payments, or about 10 years’ worth of payments. Nearly 513,000 borrowers with a total and permanent disability have received $11.7 billion in student loan forgiveness since 2021.

Persons: Joe Biden’s, Biden, Trump, they’d, –, “, Virginia Foxx, ”, Abby Shafroth, Shafroth, Betsy DeVos Organizations: Washington CNN, of Education, Office, Congress, ”, CNN, Department of Education, Republican, Education, White, New Civil Liberties Alliance, Cato Institute, Mackinac Center for Public Policy, National Consumer Law Center, Loan, Public, PSLF, University of Phoenix, Corinthian Colleges, Social Security Administration, Department of Veterans Affairs, Department, Social Security Locations: Michigan

☆ Conservative groups are once again trying to strip student-loan forgiveness from 804,000 borrowers on income-driven repayment plans, even though some of them already received the relief
▼ + stars: | 2023-10-11 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Conservative groups filed an appeal to block student-debt relief for borrowers on income-driven repayment. The relief is part of a one-time account adjustment for borrowers with the required years of payments. AdvertisementAdvertisementTwo conservative groups are not easing off their efforts to block student-loan forgiveness for thousands of borrowers. "That reduced supply of workers for public service jobs is a concrete economic injury." The one-time account adjustments are intended to get those borrowers relief, and it's been significant for some of those borrowers.

Persons: —, Joe Biden's, it's, isn't, It's Organizations: Service, New Civil Liberties Alliance, Cato Institute, Mackinac Center for Public, Public, Education Department, Sixth

☆ A federal judge threw out a lawsuit seeking to block student-loan forgiveness for over 800,000 borrowers
▼ + stars: | 2023-08-14 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

A federal judge dismissed a lawsuit to block student-debt relief from income-driven repayment plans. Last week, conservative-backed groups filed a lawsuit to block relief for 800,000 borrowers. On Monday, Judge Thomas Ludington in the Eastern District of Michigan Northern Division ruled that a lawsuit seeking to block $39 billion in debt relief for 800,000 borrowers lacks standing and is dismissed. The ruling means that — barring other legal challenges — the Education Department will continue looking at borrowers' income-driven repayment accounts every two months to determine if they qualify for debt relief, and those who do not want the debt relief will have the option to opt out. Borrowers can also apply for the SAVE Plan before federal payments resume — a new income-driven repayment plan intended to make borrowers' monthly payments cheaper.

Persons: Joe Biden's, Judge Thomas Ludington, Lundington, Public Relations Holly Wetzel, Biden Organizations: Service, Eastern District of Michigan Northern Division, New Civil Liberties Alliance, Cato Institute, Mackinac Center for Public, Education Department, Public, Mackinac Center's, Public Relations, SAVE Locations: Wall, Silicon, Eastern District

☆ Over 800,000 student-loan borrowers are set to start seeing their debt wiped out following income-driven repayment reforms
▼ + stars: | 2023-08-14 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Over 800,000 student-loan borrowers are set to start seeing their debt wiped out. It's part of a one-time account adjustment for borrowers on income-driven repayment plans. The future of the relief is uncertain after conservative groups filed a lawsuit to block it. On Monday, student-loan companies are set to begin discharging the debt of 804,000 borrowers who have qualified for $39 billion in debt relief — part of the first batch of borrowers affected by the Education Department's one-time account adjustment for income-driven repayment plans. "At the start of this Administration, millions of borrowers had earned loan forgiveness but never received it.

Persons: Education James Kvaal, Joe Biden's Organizations: Service, Education, New Civil Liberties Alliance, Cato Institute, Mackinac Center for Public, Public, Education Department Locations: Wall, Silicon

☆ Student-loan borrowers keep running into hurdles as Biden's debt relief promises are piling up in court
▼ + stars: | 2023-08-13 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

The lawsuits concern relief for borrowers on income-driven repayment and those who applied for borrower defense. On top of that, borrowers are still reeling from the June Supreme Court decision that struck down President Joe Biden's plan to cancel up to $20,000 in student debt for federal borrowers. The announcement was part of the department's one-time account adjustment to ensure borrowers payments are up to date, and those who completed more than the required payments would receive a refund. But just days later, a separate debt relief measure got blocked in court. The department has already notified borrowers of that relief, and it expects more will qualify.

Persons: SCOTUS, Biden, Joe Biden's, it's, Jason Harmon, I've, I'm, Harmon, —, Reagan Organizations: Service, Education Department, New Civil Liberties Alliance, Cato Institute, Mackinac Center for Public, Public, An Education Department, Trump, Circuit, Career Colleges, Schools of Texas Locations: Wall, Silicon

☆ The lawsuits to block student-loan forgiveness keep coming — and the latest would keep borrowers who 'have earned the forgiveness' in debt, Biden's Education Department says
▼ + stars: | 2023-08-07 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Conservative groups filed a lawsuit last week to block Biden's latest student-debt relief effort. The relief would discharge loans for over 800,000 borrowers on income-driven repayment plans. But there are similarities in the arguments from the October lawsuit, and the most recent one challenging the income-driven repayment relief. "Unlawful cancellation of student-loan debt reduces the amount of a borrower's PSLF-cancellable debt and thus reduces the amount by which PSLF benefits qualified employment," it said. It's unclear how this lawsuit will impact debt discharges, but the administration has made no indication yet that the process will be halted.

Persons: Joe Biden's, —, Harris Organizations: PSLF, Service, New Civil Liberties Alliance, Cato Institute, Mackinac Center for Public, Education Department, Biden, Harris Administration, Public, Cato Institute and Mackinac Center, Federal Register Locations: Wall, Silicon

☆ A conservative group filed a lawsuit to block $39 billion in debt relief for 800,000 borrowers on income-driven repayment plans
▼ + stars: | 2023-08-04 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Conservative groups just filed a lawsuit to block Biden's latest student-debt relief effort. Last month, Biden announced $39 billion in relief for 800,000 borrowers through an adjustment to income-driven repayment plans. Last month, the Education Department said it would be automatically canceling $39 billion in student debt for 804,000 borrowers as a result of changes to the department's income-driven repayment plans. The relief was for borrowers who have completed the necessary 20 or 25 years of qualifying payments. They argued that as nonprofits, "unlawful cancellation of student-loan debt reduces the amount of a borrower's PSLF-cancellable debt and thus reduces the amount by which PSLF benefits qualified employment."

Persons: Biden, Joe Biden's, —, Biden's Organizations: Service, New Civil Liberties Alliance, Cato Institute, Mackinac Center for Public Policy, Education Department, Court, Eastern, Eastern District of Michigan, Department, Public Locations: Wall, Silicon, Eastern District

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