#debt-relief

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student-loans
Los Angeles Times
1 week ago
Education

$6.1 billion in student loan debt canceled for enrollees at for-profit Art Institutes

The Biden administration is canceling $6.1 billion in student loan debt for former Art Institute students, aiming to provide relief from fraudulent practices and exorbitant tuition fees. [ more ]
Inside Higher Ed | Higher Education News, Events and Jobs
2 weeks ago
Education

Debts canceled for 317,000 former Art Institutes students

The Education Department will eliminate $6.1 billion in loans for Art Institute students from 2004 to 2017 through borrower defense program. [ more ]
Inside Higher Ed | Higher Education News, Events and Jobs
1 month ago
Left-wing politics

Biden rolls out new debt relief plan for millions

26 million Americans could benefit from the Biden administration's debt relief plan.
23 million borrowers may have their accrued interest eliminated under the plan. [ more ]
www.nytimes.com
1 month ago
Left-wing politics

Biden to Announce Student Debt Relief for Millions in Swing-State Pitch

President Biden announces plan to pay off student loans for millions of borrowers
Plan aims to provide relief to 23 million borrowers by reducing or wiping out their debt [ more ]
Inside Higher Ed | Higher Education News, Events and Jobs
1 month ago
Left-wing politics

11 red states sue to block Biden's SAVE plan

The group of Republican-led states is suing the Biden administration over the student loan repayment plan, SAVE.
The lawsuit argues that the SAVE plan exceeds the Education Department's authority and resembles a previously struck down debt-relief plan. [ more ]
ABA Journal
2 months ago
Law

Biden administration releases proposed guidelines for student loan hardship

Biden administration's proposed guidelines for student loan hardship relief are likely to include automatic relief for borrowers in default.
Factors considered in assessing hardship for loan relief include income, assets, loan balance, repayment status, and more. [ more ]
morestudent-loans
medical-debt
Truthout
3 months ago
Public health

Local Governments Are Pledging to Cancel Medical Debt for Residents

New York City has pledged to pay down $2 billion worth of residents' medical debt, following the lead of Cook County, Illinois, which became the first local government to partner with RIP Medical Debt to alleviate its residents' debt.
RIP Medical Debt's model involves buying up unpaid hospital bills at a small fraction of the original value and forgiving them, effectively erasing the debt for patients. [ more ]
Fox Business
3 months ago
Public health

NYC Mayor Eric Adams announces $2B medical debt bailout for up to 500K residents

New York City will spend $18 million to pay off medical debt owed by up to 500,000 residents.
The program is estimated to erase over $2 billion of medical debt, making it the largest municipal initiative of its kind in the country. [ more ]
BKReader
3 months ago
Public health

City to Relieve Over $2 Billion in Medical Debt

New York City will wipe out over $2 billion in medical debt for hundreds of thousands of working-class citizens.
Up to half a million New Yorkers will see their medical debt relieved thanks to the program, the largest municipal initiative of its kind in the country. [ more ]
Brooklyn Eagle
3 months ago
NYC politics

New York City plans to wipe out $2 billion in medical debt for 500,000 residents

New York City plans to wipe out over $2 billion in medical debt for up to 500,000 residents.
The city is partnering with RIP Medical Debt to buy the debt in bulk and forgive the amounts for people with low incomes or financial hardships. [ more ]
Cbsnews
3 months ago
NYC politics

New York City looks to clear $2 billion in unpaid medical bills for 500,000

New York City will purchase and erase millions of dollars of medical debt for up to 500,000 residents
The program is aimed at low-income New Yorkers with medical bills at least 5% of their annual household income [ more ]
www.amny.com
3 months ago
NYC politics

NYC to wipe out medical debt for 500,000 New Yorkers under new program | amNewYork

New York City is launching an effort to wipe out $2 billion in medical debt for city residents.
The initiative is supported by $18 million over three years from the city and could help up to 500,000 New Yorkers with medical debt. [ more ]
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www.independent.co.uk
1 day ago
Business

Gordon Brown warns African nations forced to pay debt over funding vital healthcare

Gordon Brown emphasizes urgent need for West to offer debt relief to African countries as they face worst crisis in a generation. [ more ]
Truthout
2 weeks ago
Left-wing politics

Biden Must Recognize All Student Debt as Hardship. It's the Key Step to Relief.

Debt relief requires proof of 'hardship,' despite the debt itself being viewed as a hardship. [ more ]
Washington Post
1 month ago
Left-wing politics

What to know about Biden's new student loan forgiveness plan

President Biden is introducing a new plan to reduce or eliminate federal student loan balances for millions of borrowers.
The plan includes forgiving accrued interest, targeted debt cancellation, and automatic loan forgiveness for eligible borrowers. [ more ]
Truthout
1 month ago
Left-wing politics

Biden to Forgive $6 Billion in Student Debt for 78,000 Public Service Workers

$6 billion in loan forgiveness for 78,000 public service workers announced by President Biden.
Total loan forgiveness under Biden administration is $144 billion for 4 million borrowers. [ more ]
www.mercurynews.com
2 months ago
Left-wing politics

Biden cancels federal student loans for 153,000 people

College degree is still valuable but too expensive
Biden's plan provides relief for student loan borrowers [ more ]
Truthout
5 months ago
Left-wing politics

Black Loan Borrowers Would Be Particularly Hurt by the Blocking of SAVE Program

The House passed a measure to block the implementation of the Biden administration's SAVE Student Loan Forgiveness program.
The resolution includes a provision to eliminate student loan repayment options tied to income. [ more ]
Above the Law
2 months ago
Law

Biden Guidelines For Student Loan Forgiveness Aid Debtors Close To Default

Biden administration proposes student loan debt relief guidelines, including potential full balance waiver.
Wide student loan forgiveness may relieve financial burdens, impact major life decisions, and serve as a beneficial PR move for the Biden administration. [ more ]
www.npr.org
2 months ago
Education

Student loan balances wiped for the first batch of borrowers in Biden's SAVE plan

Federal Education Department zeroed out loan balances for 153,000 borrowers with $12,000 or less, who paid for 10+ years under the SAVE plan.
SAVE plan aims to address the high cost of college, providing debt relief to those in need while focusing on college accountability. [ more ]
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