Tag Archives: Student Loan Debt Cancellation

Judge Blocks Student Loan Debt Cancellation Program

A District Court judge in Texas yesterday granted summary judgment in favor of plaintiffs who sued the federal government seeking to block a program that would cancel up to $20,000 of student loan debt for individuals making less than $125,000 annually, ruling that the Biden Administration overstepped its authority when …

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Appeals Court Temporarily Blocks Student Loan Debt Relief Plan as Biden Announces 22 Million Have Applied in First Week

Nearly 22 million individuals applied for the federal government’s student loan forgiveness program in its first week of operation, President Biden said on Friday, the same day that the Court of Appeals for the Eighth Circuit temporarily stopped the program from going into effect, following a lawsuit that was filed …

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CBO Puts $400B Price Tag on Student Loan Debt Cancellation Plan

The Biden Administration’s student loan debt cancellation plan will cost the government $400 billion, according to a report released yesterday by the nonpartisan Congressional Budget Office. The plan — under which individuals earning less than $125,000 annually will have $10,000 of their student loan debts forgiven, unless they received Pell …

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