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Search resuls for: "WSJ’s Andrew Restuccia"


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Parents Left Out of Biden’s New Student Loan Plan
  + stars: | 2023-10-31 | by ( Julia Carpenter | ) www.wsj.com   time to read: +1 min
The Supreme Court overturned President Biden’s student-debt forgiveness plan, claiming it exceeded the authority Congress delegated to the executive branch. Photo illustration: Elise DeanMillions of parents who took out student loans on behalf of their children were left out of the Biden administration’s new repayment plans. Parent Plus loans, which account for more than $111 billion in outstanding student debt, aren’t eligible for the lower monthly payments and shorter paths to forgiveness offered under the new Saving on a Valuable Education (SAVE) program announced in January. Neither were they part of the one-time adjustment in July to other income-driven repayment programs that awarded borrowers nearly $40 billion dollars in debt relief. There is a way to convert Parent Plus loans into one that is eligible, but it is complicated.
Persons: Biden’s, WSJ’s Andrew Restuccia, Elise Dean Organizations: Biden, Parent, Valuable
The Supreme Court overturned President Biden’s student-debt forgiveness plan, claiming it exceeded the authority Congress delegated to the executive branch. WSJ’s Andrew Restuccia explains what the decision means for borrowers. Photo illustration: Elise DeanMillions of parents who took out student loans on behalf of their children were left out of the Biden administration’s new repayment plans. Neither were they part of the one-time adjustment in July to other income-driven repayment programs that awarded borrowers nearly $40 billion dollars in debt relief. There is a way to convert Parent Plus loans into one that is eligible, but it is complicated.
Persons: Biden’s, WSJ’s Andrew Restuccia, Elise Dean Organizations: Biden, Parent, Valuable
Supreme Court Strikes Down Biden’s Student Debt Plan: What Happens Now? The Supreme Court overturned President Biden’s student-debt forgiveness plan, claiming it exceeded the authority Congress delegated to the executive branch. WSJ’s Andrew Restuccia explains what the decision means for borrowers. Photo illustration: Elise Dean
Persons: Biden’s, WSJ’s Andrew Restuccia, Elise Dean
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