Seventeen Republican senators introduced a resolution intending to overturn a Biden administration policy that allows federal student loan borrowers to take advantage of new income-driven repayment plans.
According to federal data,the Department of Education has provided assistance for over 43 million borrowers. Some of the assistance varies, ranging from the government paying the interest on loans while a student is in college all the way up to full grants. The White House has touted the new plans as a response to its failed attempt to forgive up to $20,000 in student loan debt among low and middle-income borrowers.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Education Education Latest News, Education Education Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Over 4 million student borrowers enroll in Biden’s SAVE forgiveness planThe Department of Education said it had received nearly 4 million applications for a new income-driven repayment program since launching at the end of July.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Republicans try to stop Biden's new, more affordable student loan repayment planGOP senators introduced a resolution this week to block the Biden administration's new student loan repayment plan, known as SAVE.
Source: CNBC - 🏆 12. / 72 Read more »
White House says 4 million have enrolled in student debt plan as GOP prepares challengeThe Biden administration is talking up high enrollment for its new student loan plan even as Republicans prepare to challenge the program.
Source: dcexaminer - 🏆 6. / 94 Read more »
Millions of college loan holders have enrolled in the SAVE PlanMore than four million borrowers have enrolled in the new income-driven repayment plan, the Department of Education says.
Source: 10News - 🏆 732. / 50 Read more »
Student loan forgiveness: 4 million student loan borrowers, 63,500 Alabamians, enrolled in SAVE planMore than 4 million student loan borrowers – including 63,500 Alabamians – are now enrolled in the White House’s new loan forgiveness program, the Department of Education announced.
Source: aldotcom - 🏆 82. / 68 Read more »