A U.S. District Court in Texas on Thursday night blocked President Joe Biden's student loan forgiveness program on the grounds that the administration didn't have the authority to act.
The Biden administration's announcement that up to $20,000 in student loan debt will be canceled for borrowers will bring welcome relief to millions, as long as courts allow. But that relief won't do anything to slow the rapidly rising cost of going to college.
Two Indiana student loan borrowers filed an emergency request arguing that the Biden's initiative is unlawful and forces them to pay more in taxes, given that the canceled debt is technically taxable income per state law.
The Education Department said Tuesday that it would make permanent some temporary changes to a program that makes it easier for people working as teachers, public defenders and other public sector workers to have their student loan debt forgiven.
Did the $77 billion given by Congress to institutions of higher education during the COVID-19 pandemic, including a large portion earmarked for students, really make a difference? Emergency funds funneled by colleges and universities indeed were consequential as nearly 90% of recipients said they experienced less stress and were able to concentrate more clearly on […]
Stratford University's president admits new guidelines to ensure success were too much to overcome. Now, its students and employees face an uncertain future.
A joint letter from 22 U.S. governors addresses their concerns surrounding Biden's student debt cancellation plan, arguing that it places the burden of debt on the taxpayer.
