Biden Withdraws Student Loan Forgiveness Programs
Of the two initiatives withdrawn on Dec. 20, one sought to “waive all or part of any student loan debts owed to the Department based on the Secretary’s determination that a borrower has experienced or is experiencing hardship related to such a loan.”The other would have allowed the secretary of education to waive repayment of various categories of outstanding amounts.
The decision was made during the waning days of the Biden administration as it faces a court battle over the president’s student debt relief efforts. In 2023, the U.S. Supreme Court struck down one of Biden’s debt relief plans in the case Biden v. Nebraska.
Also on Dec. 20, the administration announced it was canceling debt for 55,000 public service workers. According to the Education Department, the additional relief amounted to $4.28 billion.
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