Student loan borrowers in seven states may be taxed for student loan forgiveness
NPR — When federal student loan borrowers take a breath from celebrating the cancelation of some or all of their federal student loans, millions of them could be in for a nasty surprise: While President Biden’s sweeping student debt relief won’t be subject to federal income tax, in seven states borrowers may have to pay state income…
Read More about Student loan borrowers in seven states may be taxed for student loan forgivenessFederal loan forgiveness could be complicated by lawsuits
INSIDE HIGHER ED — Republicans say Biden’s student debt-relief plan is illegal, but they are struggling to find a plaintiff with standing to make a case against the president’s use of executive authority.
Read More about Federal loan forgiveness could be complicated by lawsuitsBiden Administration plans to formalize DACA and shield it from legal challenges
CBS NEWS — The Biden administration on Wednesday finalized a rule to transform the Deferred Action for Childhood Arrivals(DACA) immigration policy for more than 600,000 so-called “Dreamers” into a federal regulation, a move aimed at protecting the program from legal challenges that imperil its existence.
Read More about Biden Administration plans to formalize DACA and shield it from legal challengesWhite House announces plans to cancel student debt
INSIDE HIGHER ED — President Biden announced today that he will cancel up to $10,000 in student debt for Americans earning less than $125,000 per year (or $250,000 for couples filing taxes jointly) with additional relief for borrowers from low-income backgrounds who received Pell Grants.
Read More about White House announces plans to cancel student debtWhite House outlines changes to the Public Service Loan Forgiveness Program
ABA JOURNAL — President Joe Biden announced Wednesday that his administration will cancel up to $10,000 in federal student loan debt and up to $20,000 in student debt for Pell Grant recipients.
Read More about White House outlines changes to the Public Service Loan Forgiveness ProgramHow college graduates benefit from federal student loan forgiveness
VOX — President Joe Biden announced his administration’s long-awaited student loan forgiveness plan Wednesday, saying it will forgive $10,000 in student loans for borrowers who earned less than $125,000 during the pandemic. People who received Pell Grants, grants to low-income students, while they were enrolled in college will be eligible to have $20,000 in debt…
Read More about How college graduates benefit from federal student loan forgivenessGraduate school loans are eligible for forgiveness under new debt relief program
FIRST COAST NEWS — About half of all teachers have student loan debt, according to the National Education Association. A teacher who retired in May reached out to First Coast News for help. Even in retirement, Riva Newton is paying back student loans, but her loans may be eligible for forgiveness.
Read More about Graduate school loans are eligible for forgiveness under new debt relief programLooking at the long-term effects of student loan debt
ABA JOURNAL — Some older Americans who took out relatively modest student loans are finding themselves saddled with ballooning loan balances that can result in garnishment of tax refunds, wages and Social Security payments.
Read More about Looking at the long-term effects of student loan debtLaw graduates react to federal student loan forgiveness plan
REUTERS — Forgiving $10,000 or $20,000 of federal student loan debt may not be a game-changer for most debt-strapped lawyers, but experts say other provisions in the White House’s new debt-relief plan could save attorney borrowers far more over time.
Read More about Law graduates react to federal student loan forgiveness planSome graduates of for-profit law school could have debt forgiven as part of federal loan settlement
THE FLORIDA TIMES UNION — Former Florida Coastal School of Law students have been hurrying to request forgiveness of sometimes staggering student loan debts ahead of a court order that could cancel $6 billion in obligations haunting people who attended for-profit schools nationwide.
Read More about Some graduates of for-profit law school could have debt forgiven as part of federal loan settlement