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☆ Democrat Jamaal Bowman calls DeSantis’ parental rights push ‘a sham’ and urges Biden to ‘speak up’ to support public education
▼ + stars: | 2023-03-07 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +7 min

But before that, he spent 20 years in public education and founded a middle school in the Bronx. What Youngkin, DeSantis, and other Republicans are doing is "all a sham" because parents have always had rights, Bowman said, and McAuliffe's response was "misguided and misinformed." Bowman said he wants Biden, Cardona, Vice President Kamala Harris, and First Lady Jill Biden, a community college professor, to speak even more about public education and parents' longstanding rights as partners. He wants Biden to hold a town hall and "speak up on what's real in our public schools." His vision for education, he said, includes an end to annual standardized testing, a greater focus on project-based learning, more equitable funding for public education, and greater investments in children with special needs.

☆ Canceling student debt for millions of borrowers 'cheated by for-profit colleges' isn't enough, Biden's Education Department says — it's time for the top executives to pay up
▼ + stars: | 2023-03-06 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department released new guidance to hold executives of for-profit colleges financially liable for unpaid costs to the government. When a school shuts down or is accused of fraud, taxpayers or students often pay the costs. Last week, the Education Department released new guidance on implementing the Education Secretary's authority to hold executives of private colleges financially liable for the cost of unpaid debts defrauded students took on. "The Biden-Harris Administration is canceling the loans of more than a million borrowers cheated by for-profit colleges. But too often, the owners and executives of these colleges escape liability," Under Secretary of Education James Kvaal said in a statement.

☆ Biden says he's 'not confident' his student-loan forgiveness plan will be upheld by the Supreme Court
▼ + stars: | 2023-03-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Biden said he's "not confident" the Supreme Court will uphold his student-debt relief plan. The Supreme Court will make a final decision on the student-loan forgiveness by June. On Tuesday, the Supreme Court took on the two conservative-backed lawsuits that temporarily paused Biden's plan to cancel up to $20,000 in student debt at the end of August. If the Supreme Court finds the cases do not have standing, the cases will be dismissed — the court would not even have the authority to rule on the other issues of executive overreach after that point. Even with the conservatives in the majority, it's unclear how exactly the Supreme Court will rule.

☆ Biden's administration made a 'powerful defense' of its student-loan forgiveness plan before the Supreme Court, education secretary says
▼ + stars: | 2023-03-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Supreme Court concluded oral arguments on Biden's student-debt relief on Tuesday. The Supreme Court will make a decision on the legality of Biden's plan by June. In the hours leading up to arguments, advocates, Democratic lawmakers, and borrowers rallied outside the Supreme Court to voice their support for Biden's plan. The Supreme Court needs to apply the letter of the law, and we need to get this done." Now, all eyes turn to the Supreme Court, which is expected to make a final decision on the legality of Biden's plan by June.

☆ Biden's Education Secretary responds to student-loan borrowers with private debt who don't qualify for federal relief: 'We can control our loans. We can't control other loans'
▼ + stars: | 2023-03-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Miguel Cardona pushed back on opponents who say Biden's debt relief is unfair to those with private loans. He said the department "can't control other loans," responding to those with private debt. The Supreme Court heard oral arguments to the federal relief plan on Tuesday. He was asked what he would say to those who do not qualify for the federal relief, like borrowers with private loans. Shortly after Biden's debt relief was announced, the Education Department changed the eligibility requirements due to the rising legal challenges.

☆ Student-loan payments will resume this year — and it could happen with or without debt relief
▼ + stars: | 2023-03-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Miguel Cardona reiterated that student-loan payments will resume this year. It will happen 60 days after June 30, or 60 days after the Supreme Court issues a decision on Biden's debt relief. Oral arguments on Biden's plan to cancel student debt concluded on Tuesday. This means that student-loan payments could resume in September at the latest, and as of now, that could happen even if the Supreme Court strikes down Biden's debt relief plan. Massachusetts Rep. Ayanna Pressley told Insider on Tuesday that she will push for payments to remain on pause until borrowers get relief.

☆ Sonia Sotomayor pushes back on conservative SCOTUS justices who questioned the fairness of Biden's student-loan forgiveness plan, saying the US is 'not a society of unlimited resources'
▼ + stars: | 2023-03-01 | by ( Azmi Haroun | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

SCOTUS Justice Sonia Sotomayor questioned efforts to gut the Biden student-loan forgiveness plan Tuesday. Sotomayor was among a few justices pushing back on common GOP arguments on the "fairness" of the program. Sotomayor was joined by justices Ketanji Brown Jackson, Elena Kagan, and Amy Coney Barrett in scrutinizing the cases' standing to sue. Every law has people who encompass it or people outside it," Sotomayor said, adding that "that's not an issue of fairness. Conservative Justice Amy Coney Barrett joined the liberal justices in challenging the standing of both of the cases, but it would require the vote of an additional conservative justice to uphold Biden's debt relief plan.

☆ Conservative Supreme Court justices target the fairness of Biden's student-loan forgiveness and executive overreach in their first round of questioning
▼ + stars: | 2023-02-28 | by ( Ayelet Sheffey | Oma Seddiq | ) www.businessinsider.com time to read: +3 min

Oral arguments on Biden's student-loan forgiveness are underway at the Supreme Court. Justice Gorsuch also asked Biden's team to address how the relief is fair to those who already paid off their loans. On Tuesday, the two cases that temporarily paused Biden's plan to cancel up to $20,000 in student debt arrived at the Supreme Court. Solicitor General Elizabeth Prelogar, representing Biden's administration, took the first round of questions from the justices, and she defended Biden's use of the HEROES Act of 2003 to cancel student debt. He said that "modify" typically means "moderate change," and he questioned whether the language can also be used for broad student-loan forgiveness without Congressional approval.

☆ Biden's student-loan forgiveness plan is in jeopardy. Here are 4 major takeaways from the Supreme Court's oral arguments.
▼ + stars: | 2023-02-28 | by ( Ayelet Sheffey | Oma Seddiq | ) www.businessinsider.com time to read: +11 min

The Supreme Court heard oral arguments for Biden's student-debt relief on Tuesday. The nation's highest court heard more than four hours of oral arguments in two high-profile cases that reviewed Biden's plan to cancel up to $20,000 in debt for federal borrowers, which lower courts temporarily paused in November. "We're talking about half a trillion dollars and 43 million Americans," Chief Justice John Roberts said, referring to the estimated costs of Biden's plan and the number of affected borrowers. Justice Elena Kagan raised a hypothetical national emergency of an earthquake and the education secretary responded by deciding to cancel student loans for those harmed. Still, even if Barrett and the court's three liberals find that the states and borrowers lack standing, they would need another conservative vote to uphold Biden's debt relief.

☆ Days before the Supreme Court takes on Biden's student-loan forgiveness, Elizabeth Warren urges it to 'do its job and apply the law as it is written'
▼ + stars: | 2023-02-26 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Sen. Elizabeth Warren urged the Supreme Court to uphold Biden's student-debt relief. "The Supreme Court needs to do its job and apply the law as it is written." GOP Sen. Marsha Blackburn, for example, wrote on Twitter on Thursday that "canceling student debt is Biden's gift to young left-wing activists. She also led GOP senators in filing an amicus curiae brief to the Supreme Court urging it to strike down Biden's debt relief. This scale of student-loan forgiveness is unprecedented, so it's hard to determine which way the Supreme Court will rule.

☆ Biden's student-loan forgiveness is about to have its day at the Supreme Court. Here's everything you need to know.
▼ + stars: | 2023-02-25 | by ( Ayelet Sheffey | Oma Seddiq | ) www.businessinsider.com time to read: +8 min

The Supreme Court will hear two challenges to Biden's student-debt-relief plan on Tuesday. But the Biden administration has defended its legal authority and expressed confidence that the Supreme Court will uphold the plan. Prominent figures in the legal and political worlds have weighed in on the two high-profile Supreme Court cases in dozens of briefs filed to the Supreme Court. More than 170 Republican members of Congress have argued against Biden's relief, along with 17 Republican-led states, the US Chamber of Commerce, and over a dozen conservative-leaning advocacy groups. Millions of student-loan borrowers' financial futures hang in the balance.

☆ An architect of the law Biden is using to cancel student debt reiterates that it 'could hardly be clearer' that the loan forgiveness is legal
▼ + stars: | 2023-02-22 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

He argued that it "could hardly be clearer" that the HEROES Act permits broad loan forgiveness. Miller wrote in a Wednesday opinion piece in The Washington Post that Biden's loan forgiveness falls exactly within what the law permits. "That language could hardly be clearer," Miller wrote. "Sure, Congress could have gone farther by requiring the Education Department to relieve student debt," Miller said. We will continue to defend our legal authority to provide the debt relief working and middle-class families clearly need and deserve."

☆ Meet a Navy officer who just got $323,000 in student loans forgiven and said public service was 'the only way' he could have paid off his debt
▼ + stars: | 2023-02-19 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Jared Weegmann, 37, got $323,000 in student loans forgiven through the Public Service Loan Forgiveness (PSLF) program. "I just remember thinking, the only way this is ever gonna get off me is if I immediately start some public service job." Jared Weegmann (left) had $323,000 student loans forgiven through the Public Service Loan Forgiveness program. "We determined you have successfully met the requirements of the PSLF Program and your loans listed below have been forgiven. Thanks to changes we've made to the Public Service Loan Forgiveness program, everyday Americans can reach dreams they put off for far too long.

☆ 69 Republican lawmakers call for Biden's student-loan repayment and forgiveness proposals to be 'rescinded,' blasting them as 'blatantly illegal' and 'a smack in the face of taxpayers'
▼ + stars: | 2023-02-13 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

69 GOP lawmakers urged Biden to withdraw his student-loan forgiveness and repayment proposals. They said his proposal to reform income-driven repayment plans is "blatantly illegal." This proposal is reckless, fiscally irresponsible, and blatantly illegal and, as such, it should be rescinded." "Under current IDR plans, most borrowers can expect to repay some or all their debt," the analysis said. "This proposal is reckless, illegal, and will saddle hardworking Americans and future generations with unsustainable debt."

☆ It just got easier for defrauded student-loan borrowers to apply for debt cancellation
▼ + stars: | 2023-02-06 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department launched a new website to help defrauded student-loan borrowers apply for debt relief. While this website may ease the application process, many defrauded borrowers continue to wait for relief. Approval of those claims means the department will discharge any debt the student took out to attend the school in question. It includes information on reasons borrowers apply for borrower defense, what type of misconduct qualifies for debt relief, specific details on information borrowers should include in their claims, and what happens after a borrower applies. A section of Federal Student Aid's new borrower defense website detailing information to include in a claim.

☆ Why Biden's plan to make monthly student-loan payments cheaper could end up sticking borrowers with the same repayment struggles they've had for decades
▼ + stars: | 2023-02-04 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +8 min

For years, income-driven repayment plans for student-loan borrowers were not working as intended. That's why Biden introduced a proposal to reform those plans and make monthly payments cheaper. Angel said they were advised by a customer service representative at a student-loan company to stay in school to defer the loan payments. But after so many years of failures with IDR plans, Chingos said he's concerned not much will change. According to NPR, three student-loan companies weren't tracking the payments borrowers were making under the plan, and low-income borrowers who were making $0 monthly payments were hurt the most.

☆ Conservative groups are flooding the Supreme Court with calls to block Biden's student-loan forgiveness, arguing that borrowers are 'contractually bound to repay their loans'
▼ + stars: | 2023-02-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Nine conservative groups this week filed amicus briefs to the Supreme Court opposing Biden's student-debt relief. It comes after advocates and scholars filed over a dozen briefs supporting Biden's plan. Conservative groups are making sure the court hears their opinion: that student-loan forgiveness is illegal and should be blocked. Since October, Biden's debt relief plan has been paused due to two conservative-backed lawsuits seeking to permanently block the plan, and the Supreme Court will be taking on both cases on February 28. Still, the fate of student-loan forgiveness rests with the Supreme Court, and it remains to be seen how these briefs will influence its final decision on the legality of canceling student debt.

☆ Nearly 2,000 people flooded a federal website to oppose Biden's 'totally unjust' and 'completely illegal' student-loan forgiveness proposals
▼ + stars: | 2023-01-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Over a thousand people flooded the section with identical comments opposing debt relief. The comment begins: "My name is [NAME] and I am writing to oppose this regulation to 'cancel' student debt." Screenshot of a public comment opposing student-debt relief on the Federal Register. Republican lawmakers have long reiterated similar points to the comments opposing relief. But as Cardona wrote on Twitter on on Monday, the administration welcomes "the Supreme Court's decision to hear the case on our student debt relief plan.

☆ Meet a 52-year-old who has struggled to repay their $480,000 in student debt on income-driven plans and has pushed off retirement: 'This is an albatross around my neck for the rest of my life'
▼ + stars: | 2023-01-22 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Angel, a 52-year-old student-loan borrower, has $480,000 in student debt. Their debt has surged due to payments on income-driven repayment plans and ballooning interest. Biden announced reforms to those repayment plans, but it's unclear how they will be implemented. "And I know that that's a concern for a lot of people I know with student loans." "If education is really about us being better contributors to society, then why are they charging interest on the student loans?"

☆ What student-loan borrowers should know about Biden's new debt relief proposals — and why advocates argue they're not enough
▼ + stars: | 2023-01-16 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Biden proposed reforms to income-driven repayment plans for student-loan borrowers. "Today the Biden-Harris administration is proposing historic changes that would make student loan repayment more affordable and manageable than ever before," Education Secretary Miguel Cardona said in a statement. Here's what you need to know about these proposed reforms, and why some advocates are still pushing for further relief. This revision mean that the department will also be phasing out other versions of income-driven repayment plans. If you have a federal graduate or undergraduate student loan, who will be eligible for these reforms.

☆ Over a dozen groups just told the Supreme Court that a 'successful' return to student-loan repayment 'hinges' on upholding Biden's debt relief, the Education Secretary says
▼ + stars: | 2023-01-12 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Over a dozen groups filed amicus briefs to SCOTUS supporting Biden's student-debt relief. Education Secretary Miguel Cardona said in a statement that they reflect "the strength of our legal positions versus the fundamentally flawed lawsuits aimed at denying millions of working and middle-class borrowers debt relief." "As these diverse groups made clear today, student loan borrowers from all walks of life suffered profound financial harms during the pandemic and their continued recovery and successful repayment hinges on the Biden Administration's student debt relief plan," Cardona said. "We will continue to defend our legal authority to provide the debt relief working and middle-class families clearly need and deserve." One of the lawsuits was filed by six Republican-led states who sued because they said the debt relief would hurt their states' tax revenues, along with that of MOHELA.

☆ Feds propose ‘student loan safety net’ alongside forgiveness
▼ + stars: | 2023-01-10 | by ( Associated Press | ) www.nbcnews.com time to read: +5 min

President Joe Biden announced the repayment plan in August, but it was overshadowed by his sweeping plan to slash or eliminate student debt for 40 million Americans. Education Department officials on Tuesday called the new plan a “student loan safety net” that will prevent borrowers from getting overloaded with debt. “Student debt has become a dream killer,” Education Secretary Miguel Cardona said. The Education Department formally proposed the new repayment plan on Tuesday by publishing it in the Federal Register, starting a public comment period that often takes months to navigate. Even some on the left have questioned the prudence of the idea, saying it’s so generous that it effectively turns student loans into grants that don’t need to be repaid.

☆ A top Republican says Biden's proposals to make monthly student-loan payments cheaper are a 'backdoor' for his 'radical free college agenda'
▼ + stars: | 2023-01-10 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Biden administration announced new regulations to improve income-driven repayment plans. The changes are meant to make payments cheaper, and "create faster pathways to forgiveness," according to Education Secretary Miguel Cardona. Foxx has been an outspoken opponent of Biden's broad student loan forgiveness and other pandemic-era debt-relief measures. Under IDR, borrowers are meant to make monthly payments based on their incomes, with eventual loan forgiveness after at least 20 years of payments. "These plans will significantly cut monthly loan payments and it's part of a real transformation of the student loan system."

☆ Biden's Education Department just proposed a new way to make monthly student-loan payments 'more affordable and manageable than ever before'
▼ + stars: | 2023-01-10 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Education Department unveiled additional details of its reformed income-driven repayment (IDR) plan. It would amend the REPAYE plan by cutting undergraduate student loan payments in half and prevent interest capitalization. One of those programs is the income-driven repayment (IDR) plan, which is intended to give borrowers affordable monthly payments based on their discretionary income with the promise of loan forgiveness after at least 20 years. "Today the Biden-Harris administration is proposing historic changes that would make student loan repayment more affordable and manageable than ever before," Education Secretary Miguel Cardona said in a statement. Rather than creating an entirely new plan, as a fact sheet said, the department will amend the Revised PayAs You Earn (REPAYE) plan, which was created in 2016 to calculate borrowers' monthly payments based on their discretionary income.

☆ Biden administration proposes new student loan repayment plan that could cut some payments in half
▼ + stars: | 2023-01-10 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

The U.S. Department of Education proposed regulations Tuesday that would reduce the monthly bills for certain federal student loan borrowers. Currently, the most affordable income-driven repayment plan requires borrowers to pay 10% of their discretionary income each month to their student debt. Payment plans based on student loan borrowers' income date back to the mid '90s. They provide an alternative to the standard repayment plan that spreads debt obligations evenly over a decade, or 120 months. Income-based plans typically trade lower payments for a longer repayment timeline, with any remaining balance forgiven.

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