Student loan forgiveness remains on the table, experts say

"I don't see it that way."

Biden has asked the U.S. Department of Justice and the U.S. Department of Education to review his legal authority to forgive student debt through executive action, Kantrowitz pointed out. The fact that those reports are still pending may explain why we haven't heard anything more definitive yet.Legal experts and other Democrats insist that the president has the power to cancel student debt without Congress. "All you need is the flick of a pen," Schumer has said.

Even if government officials conclude that Biden doesn't have such authority, there could still be hope. Although Democrats might find it hard to pass legislation forgiving student debt in Congress, given their razor-thin majority, they could turn such a bill into law thoughprocess in the fall. That avenue wouldn't require the support of Republicans.

Most student loan borrowers haven't made a payment in over a year, thanks to the Education Department's interest waiver first announced in March 2020. That break will likely come to an end in October, although Education Secretary Miguel Cardona recently said thatThat would give borrowers more time before they have to resume payments. It would also buy the White House and lawmakers more time to move to get the loans forgiven.

acorns Students loan forgiveness Should Not Happen!! Period

acorns If one dislikes the bribes offered to people to get Covid vaccines because they didn't get any, shouldn't they dislike this?

acorns more modern the way, eh, the sum of the angles of the square are 36.0, with the covid and some fever is better, well now enjoy MS Dose. what's going on ?

acorns Free Stuff!!!

acorns The biggest scam in recent history!

acorns That's fucking great. On the table with everything else that's stalled out....

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Automatic Student Loan Forgiveness Could Be A Big Win For BorrowersAutomatic student loan forgiveness could be a big win for borrowers seeking relief. Don't borrow if you can't pay it back. Basically stealing lenders money. People cant afford the shit education they got because they have no skills once they leave the education system. These people should have never been able to get loans in the first place.
Source: Forbes - 🏆 394. / 53 Read more »

My fiancée makes $90,000 a year. I make $150,000. Should we merge our finances after we get married?‘She has roughly $40,000 left in student loans, and we share an investment in a land parcel with a $65,000 loan balance remaining.’ nice Don't get married. I see no credit being considered for child-bearing unless you can handle that on your own, too?😏 don't marry just incorporate
Source: MarketWatch - 🏆 3. / 97 Read more »