WASHINGTON — The majority conservative wing of the U.S. Supreme Court appeared skeptical Tuesday that the Biden administration had the authority to implement a federal student debt relief program that was estimated to potentially aid millions of borrowers. The conservative justices, who hold a 6-3 majority on the court, questioned whether the Department of Education could implement a program without explicit congressional approval that would cost more than $400 billion over the course of 30 years.
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student loan debt
student loan debt
WASHINGTON — The U.S. Department of Education unveiled a proposal Tuesday that would overhaul a federal student loan income-driven repayment plan, and, if implemented, could help millions of low-income borrowers. However, it’s unclear how the agency would be able to finance the program. Many student debt relief advocates also criticized the proposal for leaving out graduate students and parental loans.
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WASHINGTON — The Department of Education announced on Tuesday it is extending the pandemic-era pause on federal student loan repayments until June 30 while legal challenges to the administration’s student debt relief program are fought over in the courts. The agency said if the student debt relief program has not been put in place by June 30, and if litigation is still tied up in the courts, student loan payments will begin 60 days after that.
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First Lady Jill Biden will accompany Sec. Miguel Cardona to NC next week as part of "Road to Success Back to School Bus Tour" WASHINGTON — Amid K-12 teacher shortages, book bans and attacks over critical race theory, U.S. Education Secretary Miguel Cardona at a meeting with reporters on Wednesday stressed the need for higher salaries to attract prospective educators to the profession.
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There have been a lot of half-baked attacks on President Joe Biden’s recently announced initiative to forgive some of the crushing mountain of student loan debt that’s weighing down Americans of all ages. There's the claim that it will somehow worsen the inflation that’s been plaguing the global economy. But as expert after expert has patiently explained, the program simply isn’t big enough to have such an impact.
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