3 Federal Student Loan Deadlines That Borrowers Should Know About

Published on August 26, 2024

While legal battles over President Joe Biden’s efforts to cancel federal student loan debt continue, some student loan-related initiatives have been moving forward. Since the U.S. Supreme Court shot down an initial plan for a blanket cancellation of up to $400 billion in student loans last summer, the administration has implemented targeted programs through regulatory changes and executive actions. So far, this has erased nearly $169 billion in debt for 4.8 million borrowers. In March, a group of 11 Republican-led states filed a federal lawsuit against the Biden administration over the loan repayment plans. And in May, 130 congressional Republicans demanded that the administration withdraw its plan to cancel $147 billion of federal student loan debt. They said it is unfair for Americans who didn’t borrow or have already paid off their loans....

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