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Search resuls for: "Tamy Abernathy"


6 mentions found


☆ Student-loan borrowers are officially one step closer to benefiting from Biden's second attempt at debt cancellation after a key stage of the process wrapped up
  + stars: | 2024-02-24 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +5 min
President Joe Biden's Education Department is officially one step closer to finalizing its second attempt at student-loan forgiveness for federal borrowers. This second attempt at student-debt relief is separated from the other targeted relief initiatives the Education Department has been in the process of carrying out. During a February 21 speech touting the latest relief, Biden said he would continue to pursue loan forgiveness for federal borrowers despite legal challenges. "Look, early in my term, I announced a major plan to provide millions of working families with debt relief for their college student debt. "I announced we were going to pursue alternative paths for student debt relief for as many borrowers as possible.
Persons: —, Joe Biden's, It's, Biden's, Tamy Abernathy, Abernathy, Biden Organizations: Service, Joe Biden's Education Department, Higher, Education Department, Democratic, Federal Register, Republican
☆ Student-loan borrowers with 'hardship' could be eligible for Biden's next round of relief if the administration can define what that means
  + stars: | 2023-11-01 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +4 min
The Education Department released its draft text for its new student-debt relief plan. AdvertisementAdvertisementOver the past few years, Insider has heard from a range of borrowers who have struggled to get ahead of their student debt. Now, President Joe Biden's Education Department is moving forward with its new plan for student-loan forgiveness — and it wants feedback on which situations would meet a "hardship' standard for relief. The department said it did not include that group of borrowers in its initial draft text for debt relief because it needs to further define what hardship means. Do you think your student debt experiences should qualify as hardship?
Persons: —, Joe Biden's, Pell, Tamy Abernathy Organizations: Education Department, Service, Joe Biden's Education Department, Higher
☆ 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
☆ Activists erased $10 million in student debt for nearly 3,000 HBCU students — and said Biden can do the same for all borrowers
  + stars: | 2023-10-23 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +4 min
The Debt Collective announced it's erasing student debt for former Morehouse College students. It also called for Biden to do the same for all borrowers with federal student debt. The debt that was eliminated is not federal student debt, but rather, institutional debt that a college owns, like unpaid tuition and other school-related expenses. In May of 2022, the Debt Collective took the same action for former Bennett College students, eliminating $1.7 million in college debt for 462 students dating back as far as 1996. Still, the Debt Collective is calling for Biden to act on federal student debt for all borrowers.
Persons: Biden, —, Braxton Brewington, We're, It's, Tamy Abernathy Organizations: Morehouse College, Service, Jubilee Fund, HBCU, Bennett College, Education Department, Higher Locations: Georgia
☆ 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
☆ It doesn't look like broad student-loan forgiveness will happen under Biden's new debt relief plan
  + stars: | 2023-10-11 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +6 min
The Education Department confirmed broad-based relief is not on the table. But it's looking at distinct groups of borrowers that could get relief under the Higher Education Act. On October 10 and 11, a group of selected negotiators met with Education Department officials to discuss what student-loan forgiveness under the Higher Education Act should look like. Abernathy said that instead the department would look at more specific waivers allowing at least some debt forgiveness for targeted groups. What I'm saying is that there are many moving pieces and parts of this and the categories for which we are presenting and we end up crafting those regulations could cancel some borrowers' debt completely, but it could not cancel all borrowers' debt completely."
Persons: —, Joe Biden's, Tamy Abernathy, Abernathy, Pell Grant, We're Organizations: Education Department, Higher, Service, Joe Biden's Education Department, Supreme, The Education Department, Public, Management
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