* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, August 9, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Alabama expands entertainment incentives to boost state’s music and creative industries – Made in Alabama

    Alabama Supercharges Entertainment Incentives to Spark Explosive Growth in Music and Creative Industries

    Peacock’s Biggest Action Show Streams 2 New Episodes Sooner Than You Think – yahoo.com

    Peacock’s Hottest Action Show Drops 2 New Episodes Sooner Than Expected!

    Themed Entertainment Design – Purdue Polytechnic

    Innovative Themed Entertainment Design: Creating Immersive Experiences

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Technology, History, and Summer Camp at the Rhode Island Computer Museum – abc6.com

    Discover Technology, History, and Summer Camp Adventures at the Rhode Island Computer Museum

    MBU showcases student work at Occupational Therapy Technology Fair – WHSV

    Discover the Most Innovative Student Projects at the Occupational Therapy Technology Fair

    BlackSky Technology Inc. (BKSY) Reports Q2 Loss, Lags Revenue Estimates – Yahoo Finance

    BlackSky Technology Inc. Reports Q2 Loss, Misses Revenue Targets

    Improved Technology Access: A Key to Closing the Healthcare Gap for African Americans – BIOENGINEER.ORG

    LMI Expands Technology Org, Appoints New Leaders – GovCon Wire

    LMI Expands Technology Team with Dynamic New Leadership Appointments

    Midland Innovation and Technology Charter School closing down – CBS News

    Midland Innovation and Technology Charter School Closes Permanently

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Alabama expands entertainment incentives to boost state’s music and creative industries – Made in Alabama

    Alabama Supercharges Entertainment Incentives to Spark Explosive Growth in Music and Creative Industries

    Peacock’s Biggest Action Show Streams 2 New Episodes Sooner Than You Think – yahoo.com

    Peacock’s Hottest Action Show Drops 2 New Episodes Sooner Than Expected!

    Themed Entertainment Design – Purdue Polytechnic

    Innovative Themed Entertainment Design: Creating Immersive Experiences

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Technology, History, and Summer Camp at the Rhode Island Computer Museum – abc6.com

    Discover Technology, History, and Summer Camp Adventures at the Rhode Island Computer Museum

    MBU showcases student work at Occupational Therapy Technology Fair – WHSV

    Discover the Most Innovative Student Projects at the Occupational Therapy Technology Fair

    BlackSky Technology Inc. (BKSY) Reports Q2 Loss, Lags Revenue Estimates – Yahoo Finance

    BlackSky Technology Inc. Reports Q2 Loss, Misses Revenue Targets

    Improved Technology Access: A Key to Closing the Healthcare Gap for African Americans – BIOENGINEER.ORG

    LMI Expands Technology Org, Appoints New Leaders – GovCon Wire

    LMI Expands Technology Team with Dynamic New Leadership Appointments

    Midland Innovation and Technology Charter School closing down – CBS News

    Midland Innovation and Technology Charter School Closes Permanently

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home General

Student Loan Cancellation Update: Biden Eyes Forgiveness for Some Americans

July 2, 2023
in General
Student Loan Cancellation Update: Biden Eyes Forgiveness for Some Americans
Share on FacebookShare on Twitter

President Joe Biden vowed to not stop fighting to provide some student loan borrowers with relief following a blow from the U.S. Supreme Court on Friday.

The conservative-led court voted to overturn the Biden administration’s student debt cancellation plan after Republican-led states sued the White House over its push to forgive up to $10,000 in debt for borrowers making less than $125,000 a year. Pell Grant recipients, a need-based program of the Department of Education (DOE), could have received up to $20,000 of debt relief in Biden’s plan.

In a speech hours later, Biden promised that he would not “stop fighting to deliver borrowers what they need” despite the high court’s ruling, and announced new ways that his administration hopes to offer debt relief “as fast as we can.” The plan includes steps taken by DOE Secretary Miguel Cardona to initiate a rule-making committee intended to propose new regulations for student loan programs.

Student Loan Cancellation Update: Biden Eyes Forgiveness
President Joe Biden talks to reporters on Wednesday at the White House in Washington, D.C. The president on Friday vowed to keep pushing for student debt relief after the Supreme Court denied his loan cancellation plan.
Chip Somodevilla/Getty

“This new path is legally sound,” Biden said from the White House Friday afternoon. “It’s going to take longer, but, in my view, it’s the best path that remains to providing for as many borrowers as possible with debt relief.”

Biden cited the DOE’s authority to make new regulations under a provision in the 1965 Higher Education Act, which gives the education secretary the power to “compromise, waive, or release any right, title, claim, lien, or demand, however acquired, including any equity or any right of redemption.”

The president also announced that, starting in the fall when the pause on student loan payments comes to an end, borrowers will be given a 12-month “on ramp” program to restart their payment plans. This means that the DOE will not inform credit bureaus of borrowers who miss their monthly payments from October 1, 2023, to September 30, 2024.

“During this period, if you can pay your monthly bills, you should,” the president said Friday. “But if you cannot, if you miss payments, this on-ramp will temporarily remove the threat of default or having your credit harmed, which can hurt borrowers for years to come.”

The White House also announced Friday that Cardona had finalized the Saving on a Valuable Education (SAVE) Act, which the administration deemed “the most affordable repayment plan ever created.” Under the new repayment option, the number of monthly payments for undergraduate loan borrowers will be cut from 10 percent of discretionary income to 5 percent, which, the White House said, will save borrowers “at least $1,000 a year” in payments.

Other steps under the SAVE Act include raising the threshold for what is considered non-discretionary income. This means that any borrower whose salary falls under 225 percent of the federal poverty level—the equivalent of the federal minimum wage at $15 an hour—will not be required to make monthly payments. Undergraduate loan balances of initially $12,000 or less will also be forgiven after 10 years of payments, cutting the timeline in half.

“Hope on the horizon thanks to the relief that I planned last year—today’s court decision snatched it away from [borrowers],” Biden said as he concluded his speech. “I get it … and I’m concerned about it.”

“But today’s decision has closed one path. Now we’re going to pursue another,” the president continued. “I’m never going to stop fighting for you. We’ll use every tool at our disposal to get you the student debt relief you need and reach your dreams.”

Republican-led states had argued in their lawsuit filed in the fall that the president lacked the legal authority to pursue his student loan relief plan without the approval of Congress, which legislates government spending. Other lawmakers had argued against providing relief to only college-educated Americans, pointing out that citizens who did not pursue higher education would not benefit.

In total, Biden’s original plan would have cost $400 billion.

Newsweek has reached out to Missouri Attorney General Andrew Bailey, who led the lawsuit against Biden’s cancellation plan, via email for comment Friday evening.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Newsweek – https://www.newsweek.com/student-loan-cancellation-update-biden-eyes-forgiveness-some-americans-1810275

Previous Post

Hunter Biden’s Attorney Fights Republicans Over Bombshell WhatsApp Message

Next Post

‘My God in heaven!’…

Test your campfire cooking skills at the 2025 World Champion Squirrel Cook Off Sept. 13 – Arkansas Game and Fish Commission

Take Your Campfire Cooking to the Next Level at the 2025 World Champion Squirrel Cook-Off on September 13!

August 9, 2025
Wall Street’s view of a ‘Kevlar economy’ has just been shattered, but red flags were lurking under the radar – Fortune

Wall Street’s ‘Kevlar Economy’ Myth Exposed: The Hidden Red Flags You Need to Know

August 9, 2025
Alabama expands entertainment incentives to boost state’s music and creative industries – Made in Alabama

Alabama Supercharges Entertainment Incentives to Spark Explosive Growth in Music and Creative Industries

August 9, 2025
Income and education show distinct links to health and happiness in daily life – Nature

How Income and Education Uniquely Shape Your Health and Happiness Every Day

August 9, 2025
US intel agency reviewing Grok video filmed during man’s commute to secure NSA facility – CNN

US Intelligence Agency Investigates Grok Video Captured During Man’s Commute to Secure NSA Facility

August 9, 2025
Closed pulp mill fined $2.3 million for environmental violations – Washington State Department of Ecology (.gov)

Closed pulp mill fined $2.3 million for environmental violations – Washington State Department of Ecology (.gov)

August 9, 2025
‘Miracle’ medicine, based in federally funded science, arrived just in time to save his life – Newsroom | UCLA

‘Miracle’ medicine, based in federally funded science, arrived just in time to save his life – Newsroom | UCLA

August 9, 2025
Cartoonist’s take: ‘RFK Jr. cuts vaccine science’ – Daily Freeman

Cartoonist’s take: ‘RFK Jr. cuts vaccine science’ – Daily Freeman

August 9, 2025
Ancient Dental Plaque Unearths Prehistoric People’s Lifestyle – the-scientist.com

Ancient Dental Plaque Unearths Prehistoric People’s Lifestyle – the-scientist.com

August 9, 2025
Technology, History, and Summer Camp at the Rhode Island Computer Museum – abc6.com

Discover Technology, History, and Summer Camp Adventures at the Rhode Island Computer Museum

August 9, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (761)
  • Economy (784)
  • Entertainment (21,661)
  • General (16,363)
  • Health (9,824)
  • Lifestyle (794)
  • News (22,149)
  • People (785)
  • Politics (794)
  • Science (15,997)
  • Sports (21,281)
  • Technology (15,764)
  • World (767)

Recent News

Test your campfire cooking skills at the 2025 World Champion Squirrel Cook Off Sept. 13 – Arkansas Game and Fish Commission

Take Your Campfire Cooking to the Next Level at the 2025 World Champion Squirrel Cook-Off on September 13!

August 9, 2025
Wall Street’s view of a ‘Kevlar economy’ has just been shattered, but red flags were lurking under the radar – Fortune

Wall Street’s ‘Kevlar Economy’ Myth Exposed: The Hidden Red Flags You Need to Know

August 9, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version