Student Loan Debt
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North Carolina is suing Trump’s Department of Education. Here’s why
North Carolina Attorney General Jeff Jackson says a Trump administration rule capping loans for nursing students is “unlawful.”
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Biden cancels student loan debt for 8,100 more North Carolinians
Friday’s announcement is just the latest round of student debt cancellation enacted by the Biden administration, which has approved relief for more than 4.3 million people so far, including 82,410 people in North Carolina.
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Biden unveils new plan for student debt relief
The president’s plan builds on existing debt cancellation efforts and would extend loan relief to more than 30 million borrowers.
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Biden proposes new student debt relief plan for North Carolina borrowers facing ‘hardship’
The new proposal will focus on providing debt relief to those with older loans or loans with large sums of interest; those with high-cost, unavoidable child care or health care expenses; borrowers who are highly likely to default; and others who face “financial hardship.”
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North Carolinians get relief as Biden cancels nearly $5 billion more in student debt
More than 48,000 North Carolinians have had their student debt discharged or have been identified for debt relief due to the Biden administration’s reforms of the student loan debt system.
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North Carolinians Get Financial Relief as Biden Cancels More Student Debt
This round of debt relief will eliminate the debt of 125,000 borrowers nationwide: 22,000 with disabilities, 51,000 through an income-driven repayment plan, and 53,000 through the Public Service Loan Forgiveness program.
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Here Are Your Options As Student Loan Payments Resume
Nearly half of all borrowers say they aren’t financially prepared to begin repaying their debt. Despite this, interest began accruing again on Sept. 1, and payments will be due again in October.
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How Biden Is Still Trying To Make Student Debt Relief Happen
The Biden administration has begun the process of creating a new plan for widespread loan cancellation and implementing the SAVE Plan, which will cut monthly payments to $0 for millions of borrowers. There will also be a 12-month “on-ramp” period to ease borrowers back into making payments.
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800,000 Borrowers to Get Student Debt Canceled, Biden Administration Announces
For many borrowers, qualifying monthly payments that should have moved them closer to forgiveness were not accounted for, effectively forcing them to make extra payments under their IDR plans.
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Supreme Court Takes Student Debt Relief Away From 43 Million Americans
Nationwide, more than 45 million people owe $1.6 trillion in federal loans for college, according to government data, and as many as 43 million of them stood to benefit from the cancellation program.
