The Biden administration released a final rule that streamlines ways for borrowers to win full relief from their student loan obligations, and helps them reduce higher balances.
Foundation for Research on Equal Opportunity Senior Fellow Preston Cooper argues Biden's student loan handout will force the Fed to raise rates.
"Today is a monumental step forward in the Biden-Harris team’s efforts to fix a broken student loan system and build one that’s simpler, fairer and more accountable to borrowers," said Education Secretary Miguel Cardona. "These transformational changes will protect students who’ve been cheated by their colleges from the bureaucratic nightmares of the past and ensure that all our targeted debt relief programs live up to the promises made by Congress in the Higher Education Act.
To win relief, the Department of Education "must conclude, based upon a preponderance of the evidence, that the act or omission occurred and that it caused detriment to the borrower that warrants relief."
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sen. Ted Cruz calls Biden DOJ leak of Hunter Biden indictment 'troubling'Sen. Ted Cruz discusses the investigation and leak of a possible indictment of Hunter Biden by the Department of Justice on 'Sunday Morning Futures.'
Read more »
Biden admin accuses Arizona of trespassing by building barrier on U.S.-Mexico borderThe Biden Administration accused Arizona Gov. Doug Ducey of trespassing on the U.S.-Mexico border as the state places shipping containers to fill border gaps.
Read more »
Buttigieg remains coy about WH aspirations as talk swirls of post-Biden future | CNN PoliticsTransportation Secretary Pete Buttigieg is declining to rule out a future presidential bid, offering only that he doesn't 'know what's going to happen in the future' when asked about a potential White House run.
Read more »
Letter: Blaming Biden for America’s economic woes shows lack of critical thinkingWith Election Day near, the state of the economy is, not surprisingly, uppermost in the minds of the voters. This is good news for Republicans, as it deflects attention from Trump’s criminal behavior and the completely debunked and far more consequential claims of election fraud in the 2020 election that undermine confidence in our electoral process and put our democracy at risk. Many Republican candidates for office are already claiming that they can lose only if the election is stolen from them.
Read more »
Biden got testy in call when Zelensky asked for more military aid: reportPresident Biden lost his temper and raised his voice during a June call with Volodymyr Zelensky when the Ukrainian leader continued to press for more aid.
Read more »