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☆ Biden can't cancel your student debt right now, but you can keep applying for the relief. Here's what you need to know.
▼ + stars: | 2022-10-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

This means Biden cannot discharge any student loans until a final decision on the legality of the relief is made. The administration recommends borrowers continue applying for relief during this period. "Amidst Republicans' efforts to block our debt relief program, we are moving full speed ahead to be ready to deliver relief to borrowers who need the help." "As we continue our preparations in compliance with this order, we continue to encourage working- and middle-class Americans to apply for debt relief at studentaid.gov. While this is the first case to succeed in temporarily halting the plan, it's by no means the first attempt to challenge Biden's debt relief.

☆ You should still apply for student loan forgiveness even while it's on hold
▼ + stars: | 2022-10-24 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +3 min

Late last week, a federal appeals court officially halted President Biden's student debt forgiveness. The plaintiffs argue the debt forgiveness would lead to a loss in tax revenue, causing economic harm to their states. Borrowers should apply for debt forgiveness as soon as possible, experts have previously told Make It. Back in August, the Biden Administration announced it was making good on its campaign promise to provide some relief to student loan borrowers. Check out:Borrowers react to student loan forgiveness: 'A huge weight has been lifted off of my shoulders'Over 700,000 borrowers no longer qualify for student loan relief—how to check if you're still eligibleStudent debt experts say $10,000 isn't enough specifically for Black borrowers—here's whySign up now: Get smarter about your money and career with our weekly newsletter

☆ Democratic lawmakers slam GOP attempts to block Biden's student-loan forgiveness: 'They think they're better than you and don't care if they ruin your life'
▼ + stars: | 2022-10-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

An appeals court placed a temporary stay on Biden's student-loan forgiveness on Friday. For now, borrowers can still keep applying until the court makes a final decision on the legality of the plan. But it has Democratic lawmakers frustrated at the mounting attempts to keep debt cancellation from reaching borrowers. And Senate Majority Leader Chuck Schumer wrote on Twitter on Friday that "Republicans are using every trick they can to block President Biden's student debt relief action." While Republican lawmakers say they will continue to support challenges to Biden's debt relief, it's unclear at this point whether any of the lawsuits will prevail.

☆ 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.

☆ 4 key things student-loan borrowers should watch out for after applying for Biden's debt cancellation
▼ + stars: | 2022-10-23 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Student-loan borrowers can now officially apply for up to $20,000 in debt cancellation. But after submitting the form, borrowers should keep track of follow-up notices from the Education Department. The Education Department will take it from there, notifying borrowers if it requires any additional documentation to ensure the applicant's income is under the $125,000 threshold. "Bringing student loan debt relief to folks that need it most as they recover from the pandemic and prepare to restart loan payments keeps that commitment." Your loan servicer will apply the debt relief to your account.

☆ The decider: Jill Biden’s unparalleled influence and impact on the president
▼ + stars: | 2022-10-21 | by ( Peter Nicholas | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Carol-Lee-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +17 min

WASHINGTON — Whenever his aides are pressed about President Joe Biden’s political future, they’ll often point to one person as the true decider: his wife of 45 years, Jill Biden. Eager to introduce herself to Gina McCarthy, then the president’s chief climate adviser, she gathered some flowers from a White House garden and brought them to her office, according to White House aides. When the realization of her new security restrictions sunk in, Jill Biden told her staff she didn’t want to become isolated. Journeys outside the protective cocoon of the White House expose her to the vitriol coursing through the nation’s politics. “I don’t pay attention because I just don’t want to hear it,” Jill Biden said.

☆ Biden administration could start forgiving student debt as soon as Oct. 23
▼ + stars: | 2022-10-21 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

The Biden administration could start discharging millions of Americans' student debt as soon as this Sunday, Oct. 23. This is possible as some of the legal challenges brought against the sweeping policy by critics fail in courts. A taxpayers' group in Wisconsin earlier this week requested that the U.S. Supreme Court immediately block Biden's plan to cancel up to $20,000 in federal student debt for borrowers, but the court refused to do so. Judge Henry E. Autrey of the Federal District Court in St. Louis said the states did not have sufficient standing to sue. Although there are a number of other legal challenges to the president's plan outstanding, the Biden administration is moving forward with its plan to cancel student debt.

☆ If you want to opt out of Biden's student-loan forgiveness, you have less than a month to do so. Here's how.
▼ + stars: | 2022-10-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +2 min

The Education Department is notifying borrowers who are automatically eligible for debt relief. Around 8 million borrowers will receive that notice, but some of them might choose to opt out. On Monday, President Joe Biden and Education Secretary Miguel Cardona officially launched the application site for student-loan forgiveness. Here's how you would do that, according to Federal Student Aid:Determine who your student-loan servicer is by logging into studentaid.gov, selecting "My Aid," and then selecting "View loan servicer details." Contact your servicer by phone or email and tell them you do not want to receive federal student-loan relief.

☆ Biden's Education Department is notifying 8 million student-loan borrowers that they do not need to apply for debt cancellation and their relief will be automatically processed
▼ + stars: | 2022-10-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The Education Department is notifying around 8 million borrowers automatically eligible for relief. Those borrowers will not need to apply, but those who want to opt out must do so by November 14. Those eligible for automatic relief can also choose to submit a form if they want it processed sooner. The Washington Post first reported on Tuesday that the Education Department has started notifying those borrowers that they are eligible to have their loans wiped out automatically. Failure to do so means the relief will be processed for the borrowers after that deadline.

☆ How to find out your new monthly student-loan payment after applying for Biden's debt cancellation
▼ + stars: | 2022-10-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

But he emphasized that borrowers with remaining balances still have to resume payments next year. Once borrowers apply, their student-loan company should notify them of their new monthly payments. But Biden also reminded borrowers that the student-loan payment pause is not going to last forever. "In relieving student debt, we're also resuming a student loan program that we paused during the pandemic," Biden said during his Monday remarks. If you have a remaining balance, your loan company will let you know what your new monthly payment will be once payments resume in January.

☆ Koch-backed think tank is suing Biden's student-loan forgiveness, arguing it undermines their hiring efforts by relieving debt for public servants
▼ + stars: | 2022-10-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Koch-backed Cato Institute just filed a lawsuit seeking to block Biden's student-loan forgiveness. The think tank said that the relief will hurt their hiring efforts by undermining public servant loan forgivenessThis is at least the sixth major conservative lawsuit filed attempting to block debt cancellation. As a nonprofit organization, Cato's case claims that canceling student debt broadly for federal borrowers would remove the appeal of PSLF and stunt recruiting efforts. Biden and his administration remain adamant they have the standing to carry out this debt relief. The administration has not yet commented on Cato's suit and recommends borrowers continue to apply for debt relief before payments resume early next year.

☆ 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.

☆ 8 million student-loan borrowers have already applied for debt cancellation 'without a glitch,' Biden says
▼ + stars: | 2022-10-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Biden officially launched the student-loan forgiveness application website. He said 8 million borrowers had applied during the beta testing period "without a glitch." During his remarks, Biden noted that over 8 million borrowers applied over the weekend "without a glitch or any difficulty." "It means more than 8 million Americans are starting this week on their way to receiving life changing relief," Biden said. The department recommends applying before mid-November to ensure relief hits borrowers' accounts before payments resume in January 2023.

☆ The student-loan forgiveness application wasn't ready when Biden announced relief because the Education Department couldn't move forward until it was an official policy, the Education Secretary says
▼ + stars: | 2022-09-19 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

An application for student-loan forgiveness is set to become live in early October. Miguel Cardona said it wasn't ready in August because Biden needed to give the green light. "We couldn't create an application if it hadn't been a policy that the president would have put forth," he said. As to why the application couldn't be ready immediately, Education Secretary Miguel Cardona told NPR in a recent interview that the department needed Biden's official green light before moving ahead with implementation. "And we couldn't create an application if it hadn't been a policy that the president would have put forth.

☆ There are 'many moving parts' with student-loan forgiveness but the process to get relief will be 'better than people expect,' Biden's Education Secretary says
▼ + stars: | 2022-09-19 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Miguel Cardona said student-loan forgiveness will roll out "better than people expect." He said he is working hard to ensure the process to get relief is as smooth as possible. "So, early October, and we expect the process to be a smooth process, a simple process, a quick process." Still, Cardona said he is aware of those concerns, and the department is acting accordingly to ensure relief will get to borrowers as efficiently as possible. And we're making sure that when we roll this process out, it can be smooth.

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