💻 The website for federal student loan forgiveness applications is in a test phase, but the application seems to be available when you can catch it.
Whatever he decides, an appeal is likely.
Democratic President Joe Biden announced in August that his administration would cancel up to $20,000 in education debt for huge numbers of borrowers. The announcement immediately became a major political issue ahead of the November midterms. The proposal prompted a lawsuit filed in September by Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina. Other lawsuits followed,by the Job Creators Network Foundation alleging that the administration violated federal procedures by failing to seek public input on the program.
In the lawsuit brought by the states, a court filing on behalf of the administration said the Department of Education has “broad authority to manage the federal student financial aid programs.” It stated that the Higher Education Relief Opportunities for Students Act of 2003, or HEROES Act, allows the secretary of education to waive or modify terms of federal student loans in times of war or national emergency.
The plan makes 43 million borrowers eligible for some debt forgiveness, with 20 million who could get their debt erased entirely, according to the administration.Copyright 2022 WJXT and The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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