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Supreme Court nominee and U.S. Court of Appeals Judge Amy Coney Barrett on Capitol Hill in Washington, October 21, 2020. The Supreme Court on Friday rejected a second request to block the Biden administration's student loan debt relief program. For now, student loan forgiveness remains on hold from a challenge brought by six GOP-led states. Since the White House unveiled its loan relief plan in August to cancel $10,000 for most student loan borrowers, and up to $20,000 for those who received Pell Grants for low-income families, it has faced at least six lawsuits. Close to 26 million Americans have already applied for student loan forgiveness, and the Biden administration has approved 16 million of the requests, the White House said Thursday.

☆ Families can get Pell Grants of up to $6,895 to help with college costs. Here's what you need to know
▼ + stars: | 2022-11-02 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

And it goes further for those who received a Pell Grant in college, a type of aid available to low-income families, by clearing as much as $20,000 from their student debt balance. The federal Pell Grant program, signed into law in 1965, is one of the largest sources of financial aid available to college students. Here's what families need to know about Pell Grants. There's a limit to how many Pell Grants you can getCollege students typically can receive the grant for up to six years. "The student can then use the money to pay for other college costs, such as textbooks," he said.

Two student loan borrowers, represented by the conservative Pacific Legal Foundation, are asking the Supreme Court to step in and block student loan relief. The borrowers claim they will face a hefty tax bill for unwanted relief. The suit was dismissed by a lower court and now an appeal is headed to the high court. "The claim is baseless for a simple reason: No one will be forced to get debt relief. Because opponents of the debt relief plan are trying anything they can to stop this program that will provide needed relief to working families."

☆ How college became so expensive, and how we can turn it around, according to a Pulitzer Prize-winning journalist
▼ + stars: | 2022-10-27 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

Zoom In Icon Arrows pointing outwardsThe average cost to attend a private college in 1970 was about $3,000 a year. Bunch is a Pulitzer Prize-winning journalist and the national opinion columnist for The Philadelphia Inquirer. That said, I don't believe the price of college will fall dramatically without states lowering tuition at public universities, and without a renewed push for free community college. WB: Making public 4-year universities free or next to free would be expensive and require new funding sources. WB: This seems the biggest flaw in the Biden plan, that it included nothing in the way to lower college costs going forward.

☆ 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

☆ 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 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.

☆ 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.

☆ 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.

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