12/2/2023 0 Comments Student loan defaults nix![]() ![]() President Biden is lengthening a pause on federal student loan debt collections. The move by Cardona would help more than 230,000 borrowers, including 41,000 people who have had loans reinstated during the coronavirus pandemic and will be refunded for any payments made. ![]() We have gotten one more piece in place and now we’re just ready for President Biden to sign the piece of paper to say ‘cancel $50,000 worth of student loan debt,'” Warren said. “This is about moving forward, this is our moment of momentum. Elizabeth Warren of Massachusetts and Bob Menendez of New Jersey. … We’ve made another good step forward on our progress,” Schumer said in a press conference attended by Sens. “So we have very good news for so many people who have student debt, the load of student debt on their shoulders. “This includes borrower defense, total and permanent disability charges, there’s a lot of steps we’re looking at and we’ll continue to review,” Psaki said.Īfter Education Secretary Miguel Cardona’s announcement on Monday, Senate Majority Leader Chuck Schumer and other Democratic senators renewed calls on the president to cancel $50,000 in student loan debt. This includes examining the authorities, we have, the existing loan forgiveness programs that are clearly not working as well as they should,” she added. We’re still taking a closer look at our options on student loans. “That’s something Congress could take an action on and he’d be happy to sign. Psaki also called on Congress to cancel $10,000 in student loan debt. She said it would protect 800,000 borrowers at risk of having their federal tax funds seized. “We will be expanding the pause on student loan interest and collections to the more than 1 million borrowers who are in default on a loan that was made by a private lender in the old bank-backedloan program, known as the Federal Family Education Loan Program,” White House press secretary Jen Psaki said at her daily briefing. President Biden is lengthening a pause on federal student loan debt collections after the Department of Education announced on Monday that it would provide debt relief for borrowers with total or permanent disabilities, the White House said Tuesday. NYC bans TikTok from all city-issued phones over China spying threat How the majority of Americans feel about voting for Trump in 2024 following the ex-prez’s string of indictments ![]() House GOP demands unredacted records of Biden using pseudonym while VP Democrat megadonor Barry Diller maxes out to Biden - and Christie ![]()
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