Update 770 — Major Student Debt Relief ReduxBiden’s Effort to Make Good on 2020 Promises On Monday, President Biden announced a plan to provide an estimated $84 billion in new debt relief for nearly 30 million of the 43 million borrowers facing $1.6 trillion in outstanding federal student loans. The effort seeks to make good …
Update 765 — FY24’s Bell Lap at LastDOJ vs Apple; Bank Merger Rules; NAR Congress is poised to pass the six remaining appropriations bills for FY24 almost halfway through the current fiscal year. Though disagreements between Speaker Johnson and the White House endangered the package in its final stages of negotiation, Democrats have emerged from …
Update 705 — An Unforgiving CourtRuling Blocks Biden Student Debt Plan In a 6-3 decision today, the Supreme Court handed down a disappointment to the 42 million Americans burdened with nearly $2 trillion in student debt. Relying on the emerging “major questions” doctrine, the Court decided that the HEROES Act did not confer on the …
Update 695 — Student Debt CancellationWill Congress, SCOTUS Cancel Program? The ongoing Congressional leadership negotiations on the debt limit have vacillated between breakthrough and breakdown this week, without material signs of overall progress. The June 1 X-date is now a week and one day away, and markets are beginning to reflect the deepening anxiety. Corporate …
Update 641 — An “Incomplete” on Debt ReliefMidterm View: Education Finance and Future In late August, President Biden announced a student debt cancellation of up to $10k of debt and $20k of debt for Pell Grant recipients, a temporary fix to a larger problem — a move hotly-discussed, as subsidizing “elite students” isn’t popular among …
Update 629 — Biden’s Dollars for ScholarsCancels $10K in Debt; Long-Term in Doubt Within the hour, with the current student loan payment moratorium due to expire on August 31, President Biden announced another extension of the payment moratorium until December 31 and the cancellation of $10,000 of debt per borrower making less than $125,000 annually …
Update 601 — Degrees of Debt:Decision Ahead on Student Loans The CPI Report for March, released yesterday, showed prices rose by 8.5 percent during the last 12 months. Energy prices moderated markedly during March. Some predict this will represent the high-water mark of an inflation rate that will remain elevated through the fall. The Biden …
