WASHINGTON (AP) — The Biden administration is canceling student loans for another 206,000 borrowers as part of a new repayment plan that offers a faster route to forgiveness.
The Education Department announced the latest round of cancellations Friday in an update on the progress of its SAVE Plan. More people are becoming eligible for student loan cancellation as they hit 10 years of payments, a new finish line for some loans that’s a decade sooner than what borrowers faced in the past.
Casting a shadow over the cancellations, however, are two new lawsuits challenging the plan’s legality. Two groups of Republican-led states, fronted by Kansas and Missouri, recently filed federal suits arguing that the Biden administration overstepped its authority in creating the repayment option.
“From day one of my Administration, I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity,” President Joe Biden said in a statement. “I will never stop working to cancel student debt — no matter how many times Republican elected officials try to stop us.”
Related articles:
Related suggestion:
Yanqing kicks off Chinese New Year celebrationChina AntiPakistan appoints Gary Kirsten and Jason Gillespie as cricket coachesPan Zhanle wins two golds in China National Swimming ChampionshipsWorld Aquatics Artistic Swimming World Cup 2024 to kick off in Beijing2024 IFSC Climbing World Cup to open in China's ShaoxingChina's northernmost highRevealed: The top five '6', '8' and '10's' in the Premier League are rankedChina draws with Singapore in 2026 FIFA World Cup qualifierShanghai sides cruise to victories in CSL
3.3388s , 6500.8359375 kb
Copyright © 2024 Powered by Biden administration announces new student loan cancellations ,World Watchers news portal