Biden administration to extend pause on student loan repayments
The extension, up to June 30, 2023, will give the courts time to decide the fate of student loan cancellation.
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The extension, up to June 30, 2023, will give the courts time to decide the fate of student loan cancellation.
The legal road ahead is murky, but it could take many months for the issue to be resolved.
This comes after the plan has been blocked by two separate federal court rulings.
In their appeal, attorneys for several Republican-led states said the plan will irreparably harm their states' student loan programs.
President Biden announces new college-debt forgiveness site, calling it a "game changer for millions of Americans."
The Biden administration has opened the application process for Americans seeking student debt relief in a beta period.
Education Department is offering more details about its "short and simple" form to get up to $20,000 in debt wiped away.
Only some types of debt are covered by the plan. Make sure your loans qualify ahead of the application.
The Biden administration on Thursday is kicking off its efforts toward forgiving student loan debt, sending updates on the process via email before the window to apply opens next month.
A libertarian group in California filed a legal challenge to President Joe Biden's plan for student debt cancellation on Tuesday, calling it an illegal overreach that would increase state tax burdens for some Americans who get their debt forgiven.
Marjorie Taylor Greene said for the government to say debt is forgiven "is completely unfair." The White House tweeted back that she had more than $183,000 in PPP loans forgiven.
There has been mixed reaction to the president's announcement on student loan forgiveness.
More than 40 million Americans may qualify, with income the main factor that determines who qualifies for relief.
White House officials have been weighing -- and leaning toward -- the cancellation of up to $10,000 in student loan debt per borrower tied to an income threshold, CNN has learned.