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What Biden’s Election Could Mean for Student Loans | New York Times
The federal government is the primary lender for students who borrow money for college and graduate school, and the Education Department directly holds more than $1.4 trillion in student debt. President-elect Joseph R. Biden Jr.’s administration will have the ability to make changes that can directly affect millions of borrowers’ monthly bills.
President-Elect Joe Biden Has Signaled He’s Open to Canceling Student-Loan Debt — The Question Is When And How Much | MarketWatch
Activists, advocates and scholars have been arguing for years that cancelling student-loan debt would provide an economic stimulus, correct decades of policy failure — and that the president has the authority to do it.
Here’s What Biden Could Change Just by Executive Order | MarketWatch
As people and markets around the world brace for Joe Biden’s move into the White House, a key factor is what the veteran Democratic politician could accomplish without having to work with Congress.
Student Debt Cancellation Already in Focus Amid President-Elect Biden Transition | Yahoo Finance
President-elect Joe Biden made a campaign proposal to erase $10,000 for roughly 37 million Americans who owe federally-backed student loan debt, and experts are divided on whether the incoming president will be able to make good on that promise.
What a Joe Biden presidency means for taxes, health care, housing, student debt — and another COVID-19 stimulus package | MarketWatch
Joe Biden was projected Saturday to become the nation’s next president, according to the Associated Press, after campaigning on an ambitious domestic agenda he hopes will improve voters’ finances and invigorate an economy battered by the coronavirus pandemic. Tax hikes for the rich, broadened health care coverage and student loan forgiveness were some of the projects on candidate Biden’s to-do list.
Could Biden Cancel Some Student Debt Through Executive Action? | Forbes
While President-Elect Biden begins preparing for his transition to the White House in January, advocates for student loan borrowers are already pressing him to take quick action on student loan debt once he takes office — even if it means bypassing Congress.
Student Debt Cancellation Tests Progressives’ Sway Under Biden | Bloomberg Government
Joe Biden embraced progressive demands for student debt cancellation after he won the Democratic nomination. Whether he agrees to use executive authority to grant loan relief will test how much influence progressives hold in his administration.
“Disturbingly Kafkaesque”: Judge Rips Betsy DeVos for Denying 94% of Student Debt Forgiveness Claims | Salon
Arguing that Secretary of Education Betsy DeVos had undermined the agreement, a federal judge on Tuesday denied approval for a class action settlement over the Trump administration's handling of a student debt forgiveness program. U.S. District Judge William Alsup said DeVos had subverted the agreement by rejecting tens of thousands of applications from defrauded students without adequate explanation, Politico first reported.
After Students Testify, Judge Slaps DeVos For Wholesale Rejection of Loan Relief | Republic Report
Late Monday, a federal judge rejected a settlement of a class action lawsuit brought by former students who say they were defrauded by their for-profit colleges and want Betsy DeVos’s Department of Education to stop delaying action on their claims to have their student loan debt cancelled. Judge William Alsup of the U.S. District Court in San Francisco ruled after holding an October 1 hearing, via Zoom, where people could address the court in favor of or against the settlement. In that settlement agreement, DeVos’s Department committed to move ahead with review of the students’ claims.
Judge Slams DeVos for Rejecting 94% of Loan Relief Claims | Associated Press
Months after vowing to process a backlog of 160,000 requests for loan forgiveness from students who say they were defrauded by their schools, the U.S. Education Department has rejected 94% of claims it has reviewed, according to a federal judge who is demanding justification for the “blistering pace” of denials.