Student loan debt forgiveness not guaranteed for all before repayment deadline, WH acknowledges

  • 📰 ABC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Some of the Americans who qualify for the Biden administration's federal student loan forgiveness plan may not see relief before payments are due again in January, officials said.

President Joe Biden announces student loan relief, Aug. 24, 2022, in the Roosevelt Room of the White House in Washington, DC.Biden administration's federal student loan forgiveness planWhite House press secretary Karine Jean-Pierre told ABC News at a briefing that the forgiveness policy is something that the administration wants to make sure "happens right away" -- but she stopped short of a specific timeline commitment to borrowers, deferring to the Department of Education .

Jean-Pierre on Thursday stressed that the administration wants to be certain that debt forgiveness is enacted in tandem with the restart of student loan payments, something the DOE will "be focused on."A key provision of the White House plan is that about 8 million borrowers may be eligible for automatic loan forgiveness because their income data is readily available to the DOE.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Only POTUS and his administration WhiteHouse would do something so messed up like this. POTUS also said we would get $2000 in stimulus checks and sent $1400 instead and yes he did to any of the naysayers. So I figured this would be a clusterf_ck. CancelALLStudentDebtNOW

Where’s maxwells list

Nancy said Biteme can’t do this…so which is it? You gonna report the truth for once?

IDR repayment is based on income not balance- so as long as it is applied at some point- I’m good.

If we stay weak with dictators and communists so that they can grow, it is the end of the free world, and it is necessary to forcefully remove them from this civilized world

🤣 scam of the American people right in front of there eyes - especially once SCOTUS squishes it

Yes baby girl

And? Without the relief they would have had payments.

Bummer for them. Make a monthly payment like I have done for 20 years

Worst president in history

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biden student loan forgiveness plan is not enough, some borrowers sayStudents with debt that totals $50,000 or $100,000 say President Biden's loan forgiveness plan isn't enough. Where did these student go to school? Did they utilize community colleges and state schools like a lot of my family members did? Did they seek scholorship money? I’m sick of people complaining about their debt! If you borrow money, PAY IT BACK! Yes let's give the 'world owes me a living' generation MORE & screw the ones that actually worked their asses off to go to college w/o gov assistance This is peak channel 7.
Source: ABC7Chicago - 🏆 284. / 63 Read more »

What to do if you don't qualify for student loan forgivenessWhile President Biden's new student loan debt forgiveness plan doesn't apply to private student loan borrowers, there are still options for them to get some help. Totally insane and unfair bullshitt. Part of ongoing PsyOps why does this not apply to FFEL loans, they are backed by the gov't just older. why were some bought back by the govt and not others (like mine) and they get relief? I am so confused whose was picked and why? I did not even get covid interest releif And we'll wonder why inflation is still high.
Source: CBSNews - 🏆 87. / 68 Read more »

Wait, How Did Student Debt Even Become A Thing?Biden has announced partial loan forgiveness for individuals making under $125,000 a year. Critics say this move amounts to handouts for rich, highly educated elites, and a betrayal of students who already paid off their loans. Do you just repeat anything critics say even if it's dumb Weird and deeply shitty that you're centering the opinions of right-wing plutocrats who gave the 1% a $2,000,000,000,000 tax cut a couple years ago okay but what do the literal millions of people whose lives will be improved by this say?
Source: LAist - 🏆 606. / 51 Read more »

Who qualifies for student loan forgiveness under Biden’s plan?Do you qualify for student loan forgiveness? After President Joe Biden’s student loan debt cancellation announcement, millions of borrowers can save thousands. Damn AOC hooked herself up with 10k!!! Which loans qualify? ALL Student Loan Debt! Not just $10,000 or for those who make $120k or more! If Monies can be given spent for wars we aren’t a part of, then there clearly more than enough to take care of US citizens!! POTUS studentloanforgiveness
Source: NBCNews - 🏆 10. / 86 Read more »

Biden announces student loan debt relief planU.S. President Joe Biden said on Wednesday his administration would forgive student loan debt for many borrowers and would extend a pause on student loan repayments until Dec. 31 of this year.
Source: Reuters - 🏆 2. / 97 Read more »

Student loan forgiveness | What is a Pell grant and how will Biden's program impact recipients?President Joe Biden’s student loan forgiveness program announced on Wednesday aims to provide $10,000 in student debt cancellation for millions of Americans. A big f u to all the people who did it the right way Thank you. I needed that
Source: FOXLA - 🏆 445. / 53 Read more »