Student loans

President Joe Biden speaks at an event about canceling student debt, at the Madison Area Technical College Truax campus on Monday, April 8, 2024, in Madison, Wis. (AP Photo/Kayla Wolf)

What to know about Biden’s latest attempt at student loan cancellation

President Joe Biden is taking another shot at student loan cancellation, hoping to deliver on a key campaign promise that he has so far failed to deliver.

President Joe Biden speaks at Culver City Julian Dixon Library in Culver City, Calif., Wednesday, Feb. 21, 2024. (AP Photo/Manuel Balce Ceneta)

Biden says too many Americans are saddled with school debt as he cancels federal loans for 153,000

File - Students make their way through the Sather Gate near Sproul Plaza on the University of California, Berkeley, campus March 29, 2022, in Berkeley, Calif. The Free Application for Federal Student Aid is available for the 2024-2025 school year, three months later than usual. (AP Photo/Eric Risberg, File)

What to know about changes to this year’s FAFSA application for college students

FILE - President Joe Biden speaks on student loan debt forgiveness, in the Roosevelt Room of the White House, Oct. 4, 2023, in Washington. Biden's second attempt at student loan cancellation is moving forward as a group of negotiators meets Oct. 10 to debate what a new proposal might look like(AP Photo/Evan Vucci)

Biden administration is moving toward a narrower student loan relief targeting groups of borrowers

FILE - President Joe Biden speaks on student loan debt forgiveness, in the Roosevelt Room of the White House, Oct. 4, 2023, in Washington. Biden's second attempt at student loan cancellation is moving forward as a group of negotiators meets Oct. 10 to debate what a new proposal might look like(AP Photo/Evan Vucci)

Biden’s second try at student loan cancellation moves forward with debate over the plan’s details

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President Joe Biden arrives to deliver remarks on student loan debt forgiveness, in the Roosevelt Room of the White House, Wednesday, Oct. 4, 2023, in Washington. (AP Photo/Evan Vucci)

The US is forgiving more federal student loans in a bid to tackle ‘unsustainable debt’ for borrowers

President Joe Biden has outlined a new round of federal student loan forgiveness. He says it’s intended to address what he calls the “unsustainable debt” that students accumulate to complete their college education.

File - The Southern University Human Jukebox marching band warms up before the 2023 National Battle of the Bands at NRG Stadium, Saturday, Aug. 26, 2023, in Houston. Student loan payments resume in October after a three-year pause due to the pandemic. (AP Photo/Michael Wyke, File)

Biden is trying again on student loan forgiveness. Here’s where the process stands

President Joe Biden is making another attempt at student loan cancellation after the Supreme Court ruled earlier this year that his administration couldn’t forgive $400 billion in student loan debt using a 2003 law.

File - Graduating Harvard University students celebrate their degrees during commencement ceremonies, on May 25, 2023 in Cambridge, Mass. Student loan payments resume in October after a three-year pause due to the pandemic. (AP Photo/Steven Senne, File. )

Borrowers are reassessing their budgets as student loan payments resume after pandemic pause

Millions of Americans must start repaying their federal student loans again in October, with monthly payments averaging hundreds of dollars.

Karin Engstrom, 82, poses for photos at home, Wednesday, Sept. 27, 2023, in Seattle. Engstrom recently had student loans forgiven. She's one of 804,000 borrowers who will have a total of $39 billion forgiven under a one-time adjustment granted by the Biden administration. (AP Photo/Stephen Brashear)

804,000 long-term borrowers are having their student loans forgiven before payments resume this fall

Student loan payments start up again for most borrowers in October, but more than 800,000 people who have been paying for years are having their loans forgiven.

The Capitol is seen late Tuesday night, Sept. 26, 2023, in Washington, as lawmakers work to advance appropriations bills on the House floor. The Republican-controlled House and the Democrat-controlled Senate are starkly divided over very different paths to preventing a federal shutdown. (AP Photo/J. Scott Applewhite)

What would a government shutdown mean for me? SNAP, student loans and travel impacts, explained

With persistent gridlock in Washington, a government shutdown looks all but inevitable ahead of this weekend’s deadline.

File - Graduates embrace during Southern California's 140th commencement ceremony, on May 12, 2023, in Los Angeles. Interest on federal student loans has started accumulating again after a three-year pause because of the COVID-19 pandemic. Borrowers still have another month before they'll need to start paying back loans. (Sarah Reingewirtz/The Orange County Register via AP, File)

Federal student loan interest has started accruing again. Here’s what you need to know

Interest on federal student loans has started accumulating again after a three-year pause because of the COVID-19 pandemic.

President Joe Biden, center, delivers remarks on recovery efforts for the Maui wildfires and the response to Hurricane Idalia, in the Roosevelt Room of the White House, Wednesday, Aug. 30, 2023, in Washington. (AP Photo/Evan Vucci)

US government cancels loans for former Ashford University students and plans to recoup costs

The Biden administration is canceling $72 million in student loans for 2,300 borrowers who say they were cheated by Ashford University, a former for-profit college that was purchased by the University of Arizona in 2020.

FILE - New graduates line up before the start of a community college commencement in East Rutherford, N.J., May 17, 2018. This summer, millions of Americans with student loans will be able to apply for a new repayment plan that offers some of the most lenient terms ever. Interest won’t pile up as long as borrowers make regular payments. Millions of people will have payments of $0. And starting in 2024, undergraduate loan payments will be reduced by half. (AP Photo/Seth Wenig, File)

Going to college? Here’s what you should know about student loans

If you’re heading to college or starting to think about where you’d like to apply, you’re probably considering options for funding your education.

FILE - President Joe Biden speaks in the Roosevelt Room of the White House, June 30, 2023, in Washington, as his administration is moving forward on a new student debt relief plan after the Supreme Court struck down his original initiative. Education Secretary Miguel Cardona listens at left. Two conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers. (AP Photo/Evan Vucci, File)

Conservative groups sue to block Biden plan canceling $39 billion in student loans

Two conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers.

President Joe Biden speaks at Auburn Manufacturing Inc., in Auburn, Maine, Friday, July 28, 2023, before he signs an executive order to encourage companies to manufacture new inventions in the United States. (AP Photo/Susan Walsh)

Supreme Court’s student loan decision will lower US deficit according to new White House projection

The Supreme Court ruling that upended President Joe Biden’s plan to forgive student loan debt changed his budget math.

A CollegeAmerica sign is displayed on a window outside their location in Fort Collins, Colo., Tuesday, July 25, 2023. Federal and Colorado officials announced Tuesday that Colorado students who attended the career school, which lost accreditation and closed in 2021, will have their federal student loans refunded and remaining balances forgiven. (AP Photo/Mead Gruver)

Colorado students at private career school that lost accreditation get federal loan relief

The federal government is forgiving the loans of Colorado students who enrolled in a now-defunct career school. The U.S.

FILE - Club leaders at the University of North Carolina at Chapel Hill interact with students outside the student union in a quad known at "The Pit" on Monday, Oct. 24, 2022. The University of North Carolina at Chapel Hill will offer free tuition to some students in order to expand diversity efforts following last week's Supreme Court decision striking down affirmative action in college admissions, the school announced Friday, July 7, 2023. (AP Photo/Hannah Schoenbaum, File)

After Supreme Court decision, university to offer free tuition to some in-state students

The University of North Carolina at Chapel Hill says it will offer free tuition to some students in order to expand diversity efforts following last week’s Supreme Court decision striking down affirmative action in college admissions.

Jordan Braithwaite, 21, center, an undergrad at Grambling State University facing over $10,000 in student loans, demonstrates outside the Supreme Court, Friday, June 30, 2023, in Washington. A sharply divided Supreme Court has ruled that the Biden administration overstepped its authority in trying to cancel or reduce student loan debts for millions of Americans. Conservative justices were in the majority in Friday's 6-3 decision that effectively killed the $400 billion plan that President Joe Biden announced last year. (AP Photo/Jacquelyn Martin)

What will Biden’s new plan mean for borrowers set to begin paying back their student loans?

After the Supreme Court effectively killed President Biden’s student debt forgiveness proposal, he’s trying again using a different legal approach.

President Joe Biden speaks in the Roosevelt Room of the White House, Friday, June 30, 2023, in Washington. The Biden administration is moving forward on a new student debt relief plan after the Supreme Court struck down his original initiative to provide relief to 43 million borrowers. (AP Photo/Evan Vucci)

Biden offers new student debt relief plan, lashes out at GOP after Supreme Court ruling

President Joe Biden vowed Friday to push ahead with a new plan providing student loan relief for millions of borrowers while blaming Republican “hypocrisy” for triggering the day’s Supreme Court decision that wiped out his original effort.

A sign reading "cancel student debt" is seen outside the Supreme Court, Friday, June 30, 2023, as decisions are expected in Washington. (AP Photo/Jacquelyn Martin)

How the Supreme Court student loan decision affects you

The Supreme Court has ruled the Biden administration overstepped its authority in trying to cancel or reduce student loan debt, effectively killing the $400 billion plan.

Jordan Braithwaite, 21, center, an undergrad at Grambling State University facing over $10,000 in student loans, demonstrates outside the Supreme Court, Friday, June 30, 2023, in Washington. A sharply divided Supreme Court has ruled that the Biden administration overstepped its authority in trying to cancel or reduce student loan debts for millions of Americans. Conservative justices were in the majority in Friday's 6-3 decision that effectively killed the $400 billion plan that President Joe Biden announced last year. (AP Photo/Jacquelyn Martin)

The Supreme Court rejects Biden’s plan to wipe away $400 billion in student loan debt

A sharply divided Supreme Court has effectively killed President Joe Biden’s $400 billion plan to cancel or reduce federal student loan debts for millions of Americans.

Makia Green stands outside her Washington home on June 12, 2023. As a Black student who was raised by a single mother, Green believes she benefited from a program that gave preference to students of color from economically disadvantaged backgrounds when she was admitted over a decade ago to the University of Rochester. As a borrower who still owes just over $20,000 on her undergraduate student loans, she has been counting on President Joe Biden's promised debt relief to wipe nearly all that away. Now, both affirmative action and the student loan cancellation plan — policies that disproportionately help Black students — could soon be dismantled by the U.S. Supreme Court. (AP Photo/Kevin Wolf)

In student loan and affirmative action rulings, advocates fear losses for racial equality

The Supreme Court has struck down both student loan forgiveness and affirmative action in college admissions.

File - Harvard University students celebrate their graduate degrees in public health during Harvard commencement ceremonies, Thursday, May 25, 2023, in Cambridge, Mass. A pause on student loan payments that's been in place since the start of the COVID pandemic will end late this summer if Congress approves a debt ceiling and budget deal negotiated by House Speaker Kevin McCarthy and President Joe Biden. (AP Photo/Steven Senne, File)

Here’s how to prepare to start paying back your student loans when the pandemic payment freeze ends

A three-year pause on student loan payments will end this summer regardless of how the Supreme Court rules on the White House plan to forgive billions of dollars in student loan debt.

FILE- Light illuminates part of the Supreme Court building on Capitol Hill in Washington, Nov. 16, 2022. The Supreme Court is about to hear arguments over President Joe Biden’s student debt relief plan. It's a plan that impacts millions of borrowers who could see their loans wiped away or reduced. (AP Photo/Patrick Semansky, File)

Supreme Court student loan hearing: What you need to know

The fate of President Joe Biden’s student loan forgiveness plan is up in the air after Supreme Court justices questioned whether his administration has the authority to broadly cancel federal student loans.

FILE - New graduates walk into the High Point Solutions Stadium before the start of the Rutgers University graduation ceremony in Piscataway Township, N.J., on May 13, 2018. The Supreme Court is about to hear arguments over President Joe Biden’s student debt relief plan. It's a plan that impacts millions of borrowers who could see their loans wiped away or reduced. (AP Photo/Seth Wenig, File)

Supreme Court student loan case: The arguments explained

The Supreme Court will hear arguments this week over President Joe Biden’s student debt relief plan.

FILE - President Joe Biden speaks about student loan debt relief at Delaware State University, Friday, Oct. 21, 2022, in Dover, Del. The Biden administration is no longer accepting applications for student loan forgiveness after a second federal court shut down the program. The Education Department says on its federal student aid website that it is seeking to overturn the court orders blocking the student debt relief program. (AP Photo/Evan Vucci, File)

What to know if you’ve applied for student loan forgiveness

President Joe Biden’s plan to provide up to $20,000 in federal student loan forgiveness has been blocked by two federal courts.

FILE - President Joe Biden speaks about student loan debt forgiveness in the Roosevelt Room of the White House, Aug. 24, 2022, in Washington. President Biden’s plan to forgive student loan debt for millions of borrowers lost another battle in court on Monday, Nov. 14, 2022 when a federal appeals court panel agreed to a preliminary injunction halting the program while an appeal plays out. (AP Photo/Evan Vucci, File)

Appeals court ruling keeps Biden student debt plan on hold

President Joe Biden’s plan to forgive student loan debt for millions of borrowers lost another battle in court on Monday when a federal appeals court panel agreed to a preliminary injunction halting the program while an appeal plays out.

FILE - President Joe Biden answers questions with Education Secretary Miguel Cardona as they leave an event about the student debt relief portal beta test in the South Court Auditorium on the White House complex in Washington, Oct. 17, 2022. The Biden administration is no longer accepting applications for student loan forgiveness after a second federal court shut down the program. (AP Photo/Susan Walsh, File)

Applications for student loan forgiveness no longer accepted

The Biden administration is no longer accepting applications for student loan forgiveness after a second federal court shut down the program.

President Joe Biden waves to students as he arrives to speak about student loan debt relief at Delaware State University, Friday, Oct. 21, 2022, in Dover, Del. (AP Photo/Evan Vucci)

Biden: Nearly 22M have already requested student loan relief

President Joe Biden says nearly 22 million people have applied for federal student loan relief in the week since his administration made its online application available — more than half of the number the White House believes are eligible for the program.

President Joe Biden speaks about student loan debt relief at Delaware State University, Friday, Oct. 21, 2022, in Dover, Del. (AP Photo/Evan Vucci)

Court temporarily blocks Biden’s student loan forgiveness

A federal appeals court has issued a stay temporarily blocking President Joe Biden’s plans to forgive student loan debt.

FILE - New graduates line up before the start of a community college commencement in East Rutherford, N.J., May 17, 2018. A federal judge in St. Louis on Thursday, Oct. 20, 2022, dismissed an effort by six Republican-led states to block the Biden administration's plan to forgive student loan debt for tens of millions of Americans. (AP Photo/Seth Wenig, File)

Judge dismisses effort to halt student loan forgiveness plan

A federal judge has dismissed an effort by six Republican-led states to block the Biden administration’s plan to forgive student loan debt for tens of millions of Americans.

President Joe Biden speaks about the student debt relief portal beta test in the South Court Auditorium on the White House complex in Washington, Monday, Oct. 17, 2022. (AP Photo/Susan Walsh)

Everything to know to apply for student loan forgiveness

President Joe Biden’s student loan forgiveness plan, announced in August, will cancel up to $20,000 in debt per borrower.

President Joe Biden answers questions with Education Secretary Miguel Cardona as they leave an event about the student debt relief portal beta test in the South Court Auditorium on the White House complex in Washington, Monday, Oct. 17, 2022. (AP Photo/Susan Walsh)

Here’s how you can apply for student loan forgiveness

President Joe Biden has officially kicked off the application process for his student debt cancellation program, opening the door for millions of Americans to apply for up to $20,000 in forgiveness.

President Joe Biden speaks about the student debt relief portal beta test in the South Court Auditorium on the White House complex in Washington, Monday, Oct. 17, 2022. (AP Photo/Susan Walsh)

Student loan forgiveness application website goes live

President Joe Biden has officially kicked off the application process for his student debt cancellation program.

Federal judge weighs effort to halt student loan forgiveness

A federal judge in St. Louis is weighing the fate of the Biden administration’s plan to forgive student loan debt for tens of millions of Americans following a court hearing on Wednesday.