Biden cancels up to $20,000 in student loan debt for millions of Americans
Amanda Starrantino reports on President Biden confirming plan to cancel up to $20,000 in debts from student loans for millions (8-23-2022)
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Amanda Starrantino reports on President Biden confirming plan to cancel up to $20,000 in debts from student loans for millions (8-23-2022)
The move will erase debt for more than 560,000 borrowers.
More than $12 million in federal relief funds for the Peralta Community College District will wipe out the debt for thousands of East Bay college students and provide additional future financial aid, the district announced Monday.
The San Mateo County Community College District officials have announced they will be giving out additional financial aid to help students who are struggling with debt accumulated during the COVID-19 pandemic.
The federal Department of Education is refusing to process debt relief claims from tens of thousands of students who had federal loans to attend Corinthian Colleges, California's attorney general claimed Thursday in the latest lawsuit against the Trump administration.
California lawmakers have announced what they call the most ambitious proposal in the country to reduce student loan debt.
Half of the students at 1,000 colleges and trade schools have defaulted or failed to pay even $1 of their principal loan within 7 years.
Despite rising tuition and growing student loan debt, college is still a good investment.
University of California students were protesting at four campuses where board members met by teleconference after worries about violence led to the cancellation of a previous meeting.
The report put the total cost of a UC student living on campus at more than $27,000, an 18% increase from 2006. At a CSU campus, costs increased 23% to $20,000.
