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☆ Student debt relief 'moving full speed ahead' despite GOP-led lawsuits, education secretary says
▼ + stars: | 2022-10-23 | by ( Summer Concepcion | Summer Concepcion Is A Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

Education Secretary Miguel Cardona has said that the Biden administration is "moving full speed ahead" on preparations for the implementation of its student debt forgiveness program, a day after a federal appeals court hit pause on the administration's efforts. Cardona said in a video posted Saturday that the administration is “not deterred” by lawsuits attempting to block its relief program. In an op-ed published Saturday in USA Today, Cardona said the Education Department is “moving full speed ahead with preparations for the lawful implementation” of the program. “This program will help borrowers by providing relief following the economic disruptions caused by the pandemic." In response to the appeals court ruling Friday, White House press secretary Karine Jean-Pierre emphasized that the appeals court ruling does not prevent borrowers from submitting applications for loan forgiveness.

☆ Education Secretary Miguel Cardona says the department is 'moving full speed ahead' to implement student debt relief despite an appeals court temporarily blocking the plan
▼ + stars: | 2022-10-23 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Miguel Cardona says student debt relief is "moving full speed" despite a temporary hold on the plan. The Eighth Circuit Court of Appeals on Friday issued an administrative stay for the relief plan. "Already, 22 million people have provided the department with the necessary information we need to review their eligibility for student debt relief." In framing the debt relief plan as one that would benefit working and middle-class families, Cardona criticized efforts by several Republican attorneys general to invalidate Biden's student-loan forgiveness plan. The Biden administration also faces legal challenges from Arizona GOP Attorney General Mark Brnovich, the Job Creators Network Foundation, and the Cato Institute over its debt relief plan.

Rep. Mayra Flores speaks at the University Draft House in McAllen, Texas, on Oct. 10. “I still believe at the end of the day this is still a solid, moderate Democratic region,” González said. A fighting chanceOf the three Latina Republicans running, Mónica De La Cruz, endorsed by former President Donald Trump and running in an adjacent congressional district, Texas' 15th, is considered the party's best chance to win. Soon after being sworn in to Congress, Flores voted against the landmark gun safety bill pushed through Congress by Sen. John Cornyn, the Texas Republican. Francisco Medrano Jr., of Harlingen, says he’s likely to support Republican Mayra Flores.

☆ How to Apply for Student Loan Forgiveness
▼ + stars: | 2022-10-22 | by ( ) www.wsj.com time to read: +15 min

The official student loan forgiveness application is available on the Federal Student Aid website. What you can do now to prepare for student loan repayment and reliefFirst and foremost, you can fill out the application for up to $20,000 in student loan forgiveness on the Federal Student Aid website. “January will almost certainly be a chaotic time for the [student loan] servicers,” says Michael Lux, attorney and founder of The Student Loan Sherpa. You might also check out alternative options for student loan forgiveness, such as Public Service Loan Forgiveness and Teacher Loan Forgiveness. If your state charges a tax rate of 5%, for example, expect to pay about $500 in taxes on $10,000 in loan forgiveness or $1,000 on $20,000 in loan forgiveness.

A federal appeals court on Friday halted implementation of President Joe Biden’s student debt relief program, dealing a blow to the administration just days after it began accepting applications from borrowers to have as much as $20,000 in loans canceled. In its one-page ruling, the court prohibited any student loan debt to be discharged under the program until the court rules on the appeal. The court said that the Biden administration had until Monday to respond. In announcing the program, Biden said the cost of education has increased and that “an entire generation is now saddled with unsustainable debt.”The program began officially accepting applications this week. As of the end of June, 43 million borrowers held $1.6 trillion in federal student loans, it said.

☆ Court temporarily blocks Biden's student loan forgiveness
▼ + stars: | 2022-10-21 | by ( ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden delivers remarks about the student loan forgiveness program from an auditorium on the White House campus in Washington, October 17, 2022. A U.S. appeals court on Friday temporarily blocked President Joe Biden's plan to cancel billions of dollars in college student loans, one day after a judge dismissed a Republican-led lawsuit by six states challenging the debt-forgiveness program. Circuit Court of Appeals granted the states' emergency petition to freeze the loan forgiveness plan until the court rules on their request for a longer-term injunction while Thursday's decision against the states is being appealed. Their case is one of a number that conservative state attorneys general and legal groups have filed seeking to halt the debt forgiveness plan announced in August by Biden, a Democrat. The Congressional Budget Office in September calculated that the debt forgiveness would cost the government about $400 billion.

☆ President Biden says 22 million people have signed up for student loan forgiveness
▼ + stars: | 2022-10-21 | by ( Emma Kinery | ) www.cnbc.com time to read: +3 min

U.S. President Joe Biden speaks on the student debt relief plan in the South Court Auditorium at the Eisenhower Executive Office Building on October 17, 2022 in Washington, DC. President Joe Biden said 22 million people have registered for student loan relief since applications opened on Monday. Biden campaigned on a promise of student loan forgiveness. In August, he announced that federal student loan borrowers earning under $125,000 or households with less than $250,000 in income would be eligible for up to $10,000 in forgiveness. "In total more than 40 million Americans stand to benefit from this relief," Biden said.

U.S. President Joe Biden delivers remarks about the student loan forgiveness program from an auditorium on the White House campus in Washington, U.S., October 17, 2022. U.S. District Judge Henry Autrey in St. Louis said that while the six Republican-led states had raised "important and significant challenges to the debt relief plan," they lacked the necessary legal standing to be able to pursue the case. Autrey ruled an hour after Barrett denied without explanation an emergency request to put the debt relief plan on hold in the challenge brought by the Brown County Taxpayers Association. The plaintiffs in the case are represented by the Wisconsin Institute for Law & Liberty, a conservative legal group. Circuit Court of Appeals subsequently refused the group's request to block the debt relief program pending an appeal.

Supreme Court Justice Amy Coney Barrett on Thursday denied a request by a Wisconsin taxpayers group to halt the implementation of President Joe Biden’s federal student loan forgiveness program. She did not provide an explanation for rejecting the emergency request, which is not uncommon. The taxpayers group had argued in a 29-page filing to the Supreme Court that Biden’s program would cost taxpayers more than $1 trillion and that it bypasses Congress, which oversees federal spending. Biden's student debt relief program would provide up to $10,000 in debt cancellation for borrowers earning less than $125,000 a year and couples who file taxes jointly and earn less than $250,000 annually. Pell Grant recipients, who comprise the majority of borrowers, would be eligible for an additional $10,000 in debt relief.

Apply for student-loan forgiveness ASAP. Spencer Platt/GettyHere's what: The student-loan forgiveness application is liveAfter lawsuits, and beta testing, and much hand-wringing, the Biden administration's student-loan forgiveness application is live and available to federal borrowers. All this to say: Student-loan forgiveness is complicated, and there's a possibility it could remain complicated for a while. Biden's student-loan forgiveness plan could lower my monthly payment from $370 to $150. All your questions about applying for student-loan forgiveness answeredStill have questions about forgiveness?

☆ Justice Amy Coney Barrett rejected a bid to block Biden's student-loan forgiveness program
▼ + stars: | 2022-10-20 | by ( Oma Seddiq | Ayelet Sheffey | ) www.businessinsider.com time to read: +2 min

Justice Barrett dismissed a bid to block Biden's student-loan forgiveness program. A taxpayers group in Wisconsin filed the emergency request at the Supreme Court on Wednesday. Barrett, who handles emergency requests out of Wisconsin, rejected the group's bid. The request was widely considered a long-shot given that lower courts had already dismissed the group's challenges to Biden's program, ruling that they lacked legal standing. As the appeals process was still playing out, the taxpayers group escalated its bid to the Supreme Court, which ultimately failed.

☆ U.S. student debt relief: What you need to know now
▼ + stars: | 2022-10-20 | by ( Chris Taylor | ) www.reuters.com time to read: +6 min

But the Biden administration’s new U.S. student debt relief program is not just an academic subject for her. That is because McKay is still dealing with student debt from her days getting a graduate degree at Carnegie Mellon University. So she is not just studying the student debt relief application that went live the other day (https://studentaid.gov/debt-relief/application) – she is filling it out herself. When and if the debt relief goes through, your loan servicer will let you know. BEWARE OF SCAMSThe student debt relief program has already brought scammers out of the woodwork, warns the Federal Trade Commission (https://consumer.ftc.gov/consumer-alerts/2022/10/now-student-loan-debt-relief-application-open-spot-scams).

☆ Taxpayers group asks Supreme Court to block Biden's student debt relief program
▼ + stars: | 2022-10-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Rebecca-Shabad-Circle-Byline-Template.Jpg | Rebecca Shabad | ) www.nbcnews.com time to read: +2 min

WASHINGTON — A Wisconsin organization promoting taxpayers' rights asked the Supreme Court Wednesday to halt implementation of President Joe Biden's student loan forgiveness program, just two days after the administration began accepting online applications for debt relief from borrowers. The Brown County Taxpayers Association filed the request for emergency relief arguing that Biden's program would cost U.S. taxpayers more than $1 trillion and that it circumvents Congress, which controls federal spending. "The blow to the United States Treasury and taxpayers will be staggering — perhaps costing more than one trillion dollars. If this program goes forward as planned on Sunday, then the President will unilaterally spend roughly 4% of the nation’s Gross Domestic Product," the emergency application said. The emergency application was addressed to Justice Amy Coney Barrett, who oversees the 7th Circuit where the group is based.

☆ Biden's student-loan forgiveness could be delayed as lawsuits mount. Here's where 6 major cases stand.
▼ + stars: | 2022-10-19 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +8 min

Biden's student-loan forgiveness is facing at least six lawsuits from conservative groups. The administration faces at least six major lawsuits seeking to halt Biden's debt relief plan. For now, borrowers can still continue applying for debt relief on the studentaid.gov website that will close in December 2023. On September 27, the Pacific Legal Foundation — a conservative nonprofit legal organization — helmed the first major lawsuit against Biden's debt relief. On October 19, WILL asked the Supreme Court to halt Biden's debt relief will waiting for a decision on its appeal.

The student-loan forgiveness application is live on the federal student aid website. Over 8 million Americans applied for student-loan forgiveness using the beta version of the application, released on Friday, October 14. Can I still get student-loan forgiveness if I haven't filed my tax return? To receive a non-filing letter from the IRS, fill out Form 4506-T.Will the amount of student-loan forgiveness I receive get taxed? Parents whose children are also applying for student-loan forgiveness must file a separate application for debt relief for their Parent PLUS loans using the same application.

☆ Biden administration officially opens application for student debt cancelation
▼ + stars: | 2022-10-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Lauren-Egan-Circle-Byline-Template.Jpg | Lauren Egan | ) www.nbcnews.com time to read: +2 min

WASHINGTON — President Joe Biden announced Monday that the online application to receive student debt cancelation is now available. In a speech at the White House, Biden said that it takes less than five minutes to fill out the form. President Joe Biden speaks about the student debt relief portal beta test in Washington on Oct. 17, 2022. Brendan Smialowski / AFP - Getty ImagesAfter promising for months to take action on student debt, Biden announced in August that he would cancel up to $10,000 for many borrowers who earned less than $125,000 in the 2020 or 2021 tax years. The Biden administration is also facing several legal challenges to its student debt relief plan, which threaten to delay or derail its efforts.

☆ Student loan forgiveness application is in a beta period. Here's what to know if you apply
▼ + stars: | 2022-10-17 | by ( Annie Nova | ) www.cnbc.com time to read: +5 min

Wpadington | Istock | Getty ImagesWithout much fanfare, the U.S. Department of Education made available on Friday evening an early version of its student loan forgiveness application. A number of Republican legal challenges have been brought against the Biden administration's student loan forgiveness plan, risking to put the policy in jeopardy. Any borrower who has already received forgiveness will likely get to keep it, even if the courts block the President's plan. After a borrower applies for forgiveness, they'll receive an email confirmation from the Education Department, Kantrowitz said. Make sure your servicer, as well as the Education Department, has the most recent contact information for you.

☆ Student loan forgiveness application officially launches, putting relief in sight for 40 million Americans
▼ + stars: | 2022-10-17 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Student loan borrowers gather near The White House to tell President Biden to cancel student debt on May 12, 2020 in Washington, DC. The U.S. Department of Education has launched its official application for student loan forgiveness, meaning tens of millions of Americans can now request the financial relief. More than 8 million people applied for relief over the weekend, said President Joe Biden on Monday during a speech at the White House. "Today I'm announcing how millions of people, working class folks, can apply to get this relief," Biden said. Skyrocketing higher education costs coupled with stagnant wages have caused the amount of student debt people graduate with to soar.

☆ The student debt forgiveness application is live online: Here's how to apply
▼ + stars: | 2022-10-17 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden speaks about student loan debt at the White House on Aug. 24, 2022 in Washington, DC. Following a successful beta test over the weekend, President Joe Biden announced on Monday the student debt forgiveness application is now live. You can visit the Federal Student Aid website to apply for up to $20,000 of student debt relief. What do I need to apply for student loan forgiveness? When is the deadline to apply for loan forgiveness?

☆ Education Department launches beta website for student loan forgiveness applications
▼ + stars: | 2022-10-15 | by ( Zoë Richards | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +3 min

The Department of Education launched a beta test of its website Friday allowing federal student loan borrowers to begin submitting applications for some debt relief. Applications won't be processed until the site officially launches later this month, but borrowers who submit an application during the beta testing period will not need to reapply, an Education Department spokesperson said. Biden announced his student debt relief plan in August. NBC News has reached out to the Education Department for comment. The Education Department previously said that applications would available in early October.

The federal student-loan forgiveness application is now open in beta-testing mode. Access the student-loan forgiveness application here. Here's what you'll need to have on hand to fill out the application and apply for student-loan forgiveness. Here's what the application looks like from a cell phone:The student-loan forgiveness application does not include income verification documents. If you received a Pell Grant, you are eligible for $20,000 in student-loan forgiveness.

☆ Long COVID at 12 months persists at 18 months, study shows
▼ + stars: | 2022-10-13 | by ( Nancy Lapid | ) www.reuters.com time to read: +3 min

REUTERS/Carlo AllegriOct 13 (Reuters) - Most patients with COVID-19 who have lingering symptoms at 12 months are likely to still have symptoms at 18 months, new data suggest. Among a subset of 197 survivors of symptomatic SARS-CoV-2 infections who completed surveys at 12 months and 18 months, most reported lingering symptoms at both time points, researchers reported in Nature Communications. Register now for FREE unlimited access to Reuters.com RegisterRates of no recovery at 12 months were 11% with 51% partial recovery and 39% complete recovery. At six months, 8% reported no recovery, 47% reported partial recovery, and 45% reported complete recovery. Those rates had barely changed at 12 months, with 8% reporting no recovery, 46% partial recovery and 46% complete recovery.

☆ Another conservative lawsuit claims the details of Biden's student-loan forgiveness were 'determined in secret' with the purpose of implementation before the midterms to buy votes
▼ + stars: | 2022-10-10 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Job Creators Network just filed a lawsuit attempting to block Biden's student-loan forgiveness. It's at least the fifth conservative lawsuit seeking to halt the debt relief. The group argued the policy was decided in secret with the goal of implementation before the midterms. By blocking this inflationary taxpayer bailout, JCN's lawsuit can lay the groundwork to actually solve the student debt crisis by holding its college perpetrators accountable." The other is suing because her commercially-held student loans do not currently qualify for Biden's loan forgiveness.

☆ Here's why more than 7 million student loan borrowers could miss out on federal forgiveness program
▼ + stars: | 2022-10-10 | by ( Annie Nova | Nicole Webb | Senior Vice President Financial Advisor At Wealth Enhancement Group | ) www.cnbc.com time to read: +2 min

Freshsplash | E+ | Getty ImagesThe White House has repeatedly said that its application for student loan forgiveness, which is expected to go live within days, will be simple. Still, consumer advocates say that any red tape around the relief is likely to cause millions of borrowers to miss out on it. Applicants may miss out due to mistaken beliefsA big reason some eligible borrowers may not apply is that they'll mistakenly believe their income disqualifies them, Kantrowitz said. However, the vast majority of people with student debt fall under these income caps, Kantrowitz said. Some borrowers, meanwhile, may have outdated contact information on file with their student loan servicer, and therefore not be getting updates about the relief, according to Kantrowitz.

☆ College costs keep snowballing despite Biden’s efforts to ease student debt burden
▼ + stars: | 2022-10-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +6 min

Loans from private banks have gone up even faster, with some charging more than 13% for student loans this fall, people familiar with the industry said. Borrowers with existing loans that have variable rates have started seeing their monthly payments go up from the higher rates, they said. Increased costs mean many students have to borrow more money at higher rates, further exacerbating the student debt problem the Biden administration set out to address. The problem is the cost of higher education,” said Betsy Mayotte, president of The Institute of Student Loan Advisors. “We commend this administration for responding to the call of addressing of the student loan debt crisis,” said Derrick Johnson, president of the NAACP.

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