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. ...
Senate Repeals Biden’s Student Loan Forgiveness Plan — But It’s Not Dead Yet
GOBankingRates via Yahoo Finance· 9 hours agoA GOP effort to quash President Biden's student loan forgiveness plan passed the Senate on June 1,...
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 ...
Supreme Court Student Loan Forgiveness Deadline Looms: 3 Things You Need to Know
Motley Fool· 13 hours agoDoctrine." This doctrine insists that the U.S. Congress be specific in which powers it gives federal...
If The Supreme Court Rejects Student Loan Forgiveness Plan, Biden Could Do This
Forbes· 2 weeks agoThe fate of President Joe Biden’s unprecedented student loan forgiveness plan will be determined in...
Student Loan Forgiveness Is an Urgent Racial Justice Issue
Newsweek· 2 hours agoPresident Biden's student debt cancellation effort has been voted down in the Senate, with two...
Your updates on federal student loan forgiveness, payments
WTHR Indianapolis· 24 hours agoFederal student loan payments have been paused for more than three years now. Not only did the...
Senate surprises by overturning Biden’s student loan program — you can thank the debt ceiling debate
The Hill· 7 hours agoIt may be cutting spending will become popular. The Senate, in a surprise bipartisan move, voted to...
Senate votes to repeal Biden student loan forgiveness, new Spelling Bee champ: 5 Things podcast
USA TODAY via Yahoo News· 12 hours agoOn today's episode of the 5 Things podcast: Senate votes to repeal Biden student loan forgiveness....
Joe Biden's student loan forgiveness fight gets boost before SCOTUS ruling
Newsweek· 1 week agoAs the Supreme Court's decision on President Joe Biden's student loan forgiveness plan looms, a...
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Loans and Loan Forgiveness Biden
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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
