Latest Student loans News

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

Nov. 18, 2022 13:58 PM EST

NEW YORK (AP) — President Joe Biden’s plan to provide up to $20,000 in federal student loan forgiveness has been blocked by two federal courts, leaving millions of borrowers wondering what happens next. The Justice Department on Friday asked the Supreme Court to reverse one of the lower court...

Appeals court ruling keeps Biden student debt plan on hold

Nov. 14, 2022 17:07 PM EST

ST. LOUIS (AP) — President Joe Biden's plan to forgive student loan debt for millions of borrowers was handed another legal loss Monday when a federal appeals court panel agreed to a preliminary injunction halting the program while an appeal plays out. The ruling by the three-judge...

Applications for student loan forgiveness no longer accepted

Nov. 12, 2022 10:16 AM EST

WASHINGTON (AP) — The Biden administration is no longer accepting applications for student loan forgiveness after a second federal court shut down the program. “Courts have issued orders blocking our student debt relief program,” the Education Department said on its federal...

US judge in Texas strikes down Biden loan-forgiveness plan

Nov. 10, 2022 22:46 PM EST

A U.S. judge in Texas on Thursday blocked President Joe Biden's plan to provide millions of borrowers with up to $20,000 apiece in federal student-loan forgiveness — a program that was already on hold as a federal appeals court in St. Louis considers a separate lawsuit by six states challenging...