Biden admin is forgiving $9 billion in student debt for 125,000 Americans
As student loan repayments restart in October, the Biden administration said 125,000 people with student loans will have their debt erased.
Watch CBS News
As student loan repayments restart in October, the Biden administration said 125,000 people with student loans will have their debt erased.
Americans with student loan debt need to begin repaying their loans again after a hiatus of more than three years.
Biden administration officials say the new federal program could cut monthly loan payments for 20 million people.
With student loan payments set to restart in October, Pennsylvania's attorney general is warning about debt relief scams.
The White House says that the plan is based on the borrower's income and family size, not their loan balances.
Monthly loan payments may drop, based on a borrower's income.
Only one-third of borrowers are aware that loan repayments will restart in October, a new survey found.
"We'll use every tool at our disposal to get you the student debt relief you need to reach your dreams," President Biden said.
The fate of President Biden's student loan forgiveness plan could be determined today.
For many, while inflation is still high and the price for almost everything costing more, it could come as a shock to some having to budget those loan payments.
For three years during the pandemic, students, former students and their families had their federal student loan payments suspended.
President Joe Biden has vowed to veto any legislative effort to thwart his student loan relief program.
The debt ceiling deal includes a provision to end the pandemic-related federal student loan payment pause
The Free Application for Federal Student Aid form just got shorter.
Host Heather Abraham is talking with Chris Pfanstiel, the founder of Axias Wealth Advisors, about student loans.
If the Supreme Court strikes down the program, the Biden administration could make some modifications to the policy and try again. KDKA's Jessica Guay shares the latest information.
Some education experts see the plan as a more powerful tool to make college affordable than the proposal to slash or eliminate student debt for 40 million Americans, which is before the Supreme Court.
A Biden administration program forgiving up to $20,000 in student loans remains hung up in court.
The woman worried she could lose everything — but a stranger from the internet offered to help.
The extension, up to June 30, 2023, will give the courts time to decide the fate of student loan cancellation.
In their appeal, attorneys for several Republican-led states said the plan will irreparably harm their states' student loan programs.
As millions of people are applying for student loan forgiveness, Governor Wolf is reminding Pennsylvanians that they won't be taxed by the state if they do get relief.
President Biden announces new college-debt forgiveness site, calling it a "game changer for millions of Americans."
Allegheny College will cover 100% of tuition for Pennsylvania students from families earning $50,000 or less.
People who kept making student loan payments during the health crisis can get a refund and then apply for forgiveness — here's how.
