WASHINGTON (AP) — The Biden administration is canceling student loans for another 206,000 borrowers as part of a new repayment plan that offers a faster route to forgiveness.
The Education Department announced the latest round of cancellations Friday in an update on the progress of its SAVE Plan. More people are becoming eligible for student loan cancellation as they hit 10 years of payments, a new finish line for some loans that’s a decade sooner than what borrowers faced in the past.
Casting a shadow over the cancellations, however, are two new lawsuits challenging the plan’s legality. Two groups of Republican-led states, fronted by Kansas and Missouri, recently filed federal suits arguing that the Biden administration overstepped its authority in creating the repayment option.
“From day one of my Administration, I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity,” President Joe Biden said in a statement. “I will never stop working to cancel student debt — no matter how many times Republican elected officials try to stop us.”
Related articles:
Related suggestion:
Diamondbacks avoid a sweep with a 9Meghan Markle's subtle tribute to Princess Diana: Duchess channels her late motherMissed the Northern Lights? See the light show, in photosSantana homers, Ober fans 10 as redBecoming a parent massively changes your friendshipsSundance Wicks returns to Wyoming as basketball coach after a year at Green BayBleday homers, Estes earns first win as A's beat Mariners 8Japan's SoftBank Group trims investment losses but remains in red for fiscal yearPakistan to take urgent measures to boost export competitiveness: PMSmall, well
2.6333s , 6574.734375 kb
Copyright © 2024 Powered by Biden administration announces new student loan cancellations ,Global Glossary news portal