Opportunity to cancel your federal student loan debt
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Student loan borrowers face Tuesday deadline for debt cancelation program
To be eligible, borrowers with any of four types of federally managed loans must consolidate them by April 30.
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Biden's student debt cancellation could cost taxpayers $1.4 trillion
(The Center Square) – President Joe Biden's plans to cancel student debt for some borrowers could cost taxpayers up to $1.4 trillion, depending on how the plans are implemented, a new report estimates. The nonpartisan Committee for a Responsible Federal Budget estimated all Biden's recent debt cancellation efforts would cost a combined $870 billion to $1.4 trillion. "That’s more than all federal spending on higher education over the nation’s entire history,"...
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Biden’s Student Loan Cancellation Plan Will Only Worsen a Larger Problem in Higher Education
Last week, President Biden visited Madison, Wisconsin where he announced new details for his student debt cancellation plan. While this initiative promises immediate short-term financial relief, it avoids addressing the deeper systemic issues plaguing American higher education. “Starting this fall we plan to deliver up to $20,000 in interest relief to over 20 million borrowers […]