Biden administration announces new student loan cancellations
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
Six killed in a 'foiled coup' in Congo, the army says
KINSHASA, Congo (AP) — Six people were killed and dozens arrested following attacks on the residence2024-05-21Sport climbing season kicks off in China
The 2024 sport climbing World Cup season commenced with thrilling boulder qualification rounds at th2024-05-21Geopark listed in UNESCO network
People visit snow-covered Changbai Mountain in northeast China's Jilin Province, March 7, 2021.2024-05-21ITTF World Cup Macao 2024 kicks off
The International Table Tennis Federation (ITTF) World Cup Macao 2024 started on Monday, with 48 mal2024-05-21Liverpool confirms Arne Slot as Jurgen Klopp's replacement
Arne Slot will take on one of the most daunting challenges in soccer by replacing Jurgen Klopp as Li2024-05-21ITTF World Cup Macao 2024 kicks off
The International Table Tennis Federation (ITTF) World Cup Macao 2024 started on Monday, with 48 mal2024-05-21
atest comment