Senate votes to repeal Biden's student loan forgiveness plan. White House warns Biden will veto
CNBC· 1 day agoThe Senate voted to repeal President Joe Biden's student loan forgiveness plan on June 1, 2023....
The Senate just passed a bill to block student-loan forgiveness and immediately end the payment...
INSIDER via Yahoo News· 1 day agoBob Menendez said in remarks prior to the vote. "But to overturn his landmark student debt relief ...
Student Loan Forgiveness: Regardless of How Supreme Court Rules You Could Still Have Your Debt...
GOBankingRates via Yahoo Finance· 1 day agoPresident Joe Biden's student loan relief program, which is awaiting a Supreme Court decision later...
Senate passes bill to block Biden’s student loan forgiveness program
CNN via Yahoo News· 1 day agoBoth the Senate and the House have now passed a bill to block President Joe Biden’s student loan ...
If The Supreme Court Rejects Student Loan Forgiveness Plan, Biden Could Do This
Forbes· 2 weeks agoThe Biden administration has maintained that there is no backup plan if the Supreme Court winds up...
Is Student Debt Forgiveness Happening, or What?
Slate· 4 days agoOver the past few weeks, you may have seen headlines swirling around President Joe Biden’s student debt forgiveness plan. There are a ...
Sinema sides with GOP on bill blocking Biden’s student debt relief plan
Arizona Daily Star· 8 hours agoArizona Sen. Kyrsten Sinema joined two Democrats and all Senate Republicans Thursday to narrowly...
House Republicans look to line up student debt relief votes amid White House opposition
Politico via Yahoo News· 2 weeks agoHouse leaders are preparing to vote this week on legislation that would block President Joe Biden’s ...
Democratic Sen. Joe Manchin says he will vote with Republicans to overturn Biden's student-debt ...
INSIDER via Yahoo News· 2 days agoJoe Manchin said he supports the GOP-led bill to overturn student-debt relief. The Senate is...
Student Loan Relief And The Debt Ceiling Bill: 5 Key Takeaways For Borrowers
Forbes· 2 days agoThe bill passed with a comfortable bipartisan majority, and now heads to the Senate. Biden is...
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- Federal Student Loan Debt Relief
Federal program
Federal Student Loan Debt Relief is a program that provides eligible borrowers with full or partial discharge of loans up to $20,000 to Federal Pell Grant recipients and up to $10,000 to non-Pell Grant recipients. studentaid.gov
- Individuals who made less than $125,000 in 2021 or 2020 ($250,000 for families)
- The debt relief applies only to loan balances you had before June 30, 2022. Any new loans disbursed on or after July 1, 2022, aren’t eligible for debt relief.
- One-time student loan debt relief won’t be taxed at the federal level. Some states may be taxing this debt relief, so check with your state of residence for the latest information.
- William D. Ford Federal Direct Loan (Direct Loan) Program loans, Federal Family Education Loan (FFEL) Program loans held by ED or in default at a guaranty agency, Federal Perkins Loan Program loans held by ED, and defaulted loans. Private loans (i.e., non-federal loans) are NOT eligible for debt relief.
- The deadline to apply for student loan debt relief is December 31, 2023.
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Source: studentaid.gov
