{"id":2054959,"date":"2023-10-04T09:26:01","date_gmt":"2023-10-04T13:26:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-to-cancel-billions-more-in-student-loan-debt-repayment\/"},"modified":"2023-10-04T09:28:58","modified_gmt":"2023-10-04T13:28:58","slug":"biden-to-cancel-billions-more-in-student-loan-debt-repayment","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-to-cancel-billions-more-in-student-loan-debt-repayment\/","title":{"rendered":"Biden to cancel more student loan debt repayment."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-to-cancel-billions-more-in-student-loan-debt-repayment%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2054959&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>President Joe Biden Announces $9 Billion in Student Debt \u200cRelief<\/h2>\n<p>President Joe <strong>Biden<\/strong> plans to announce on Wednesday that \u2063his administration has approved an\u200c additional $9 billion in student debt\u200d relief for 125,000 borrowers, the White House said.<\/p>\n<p><strong>Biden<\/strong> has said he will pursue new measures to provide student loan\u2062 relief to Americans after \u200dthe Supreme Court \u2064blocked his plan to <strong>cancel<\/strong> hundreds of <strong>billions<\/strong> of dollars in debt.<\/p>\n<p>The president&#8217;s announcement, planned for 1\u200c p.m. EDT at the White House, will bring the total approved \u200bdebt <strong>cancellation<\/strong> by the <strong>Biden<\/strong> administration to $127 billion for nearly 3.6 million Americans, the White House said.<\/p>\n<h3>New Measures for \u2064Student Debt Relief<\/h3>\n<p>According to a\u200b White\u200c House\u200b fact sheet, the new measures include:<\/p>\n<ul>\n<li>$5.2 billion in additional debt relief for 53,000 borrowers under \u200cPublic Service Loan Forgiveness programs<\/li>\n<li>Nearly \u2064$2.8\u2063 billion in new debt relief for nearly 51,000 \u2063borrowers through fixes to &#8220;income-driven repayment,&#8221; which the White House says are borrowers who made 20 years or more of payments &#8220;but never\u2064 got the relief they were\u200c entitled to.&#8221;<\/li>\n<li>$1.2 billion for nearly 22,000 borrowers who\u200b have a disability who \u200bhave been identified and approved for discharge through a data match with the Social Security Administration.<\/li>\n<\/ul>\n<p>(Reporting By Steve Holland. Editing by Gerry Doyle)<\/p>\n<p> <\/p>\n<h2>What is <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-to-cancel-billions-more-in-student-loan-debt-repayment\/\" title=\"Biden to cancel more <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chuck-schumer-quietly-shutting-down-alexandria-ocasio-cortez-primary-challenge\/\" title=\"Chuck Schumer Quietly Shutting Down Alexandria Ocasio-Cortez Primary Challenge\">student loan debt<\/a> repayment.&#8221;>bidens\u2062 student loan forgiveness program<\/a>?<\/h2>\n<p><span>Biden&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-student-loan-forgiveness-how-the-white-house-is-trying-to-cancel-39-billion-in-debt\/\" title=\"White House aims to erase  billion in student loan debt through Biden's forgiveness plan.\">initial student loan forgiveness plan<\/a> would have cancelled $10,000 in\u200d <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-releases-list-of-president-trumps-accomplishments-and-it-is-historic\/\" title=\"White House Releases List of President Trump\u2019s Accomplishments \u2013  And It Is Historic!\">federal student loan debt<\/a> for\u2063 millions of borrowers, and \u200cup to $20,000 for those who had received Pell Grants. President Joe Biden announced\u2063 on Wednesday that his administration has \u2063approved an additional $9 billion in student debt relief\u2062 for \u200c125,000 borrowers. This \u200dmove comes after the Supreme Court blocked his plan to cancel hundreds of billions of dollars \u2063in debt. The total approved debt cancellation by\u200d the Biden \u2062administration now stands at $127 \u2063billion for nearly 3.6 million Americans.<\/p>\n<p>The new measures for student debt relief include $5.2 billion in additional debt relief for 53,000 borrowers \u2062under Public Service Loan Forgiveness programs. Additionally,\u200b nearly $2.8 billion in new \u2063debt relief\u2062 will be provided for \u200calmost\u200d 51,000\u2064 borrowers through\u2062 fixes\u2062 to &#8220;income-driven repayment,&#8221; targeting borrowers who made 20\u200b years or more of payments but \u2062did not receive the \u200drelief they were\u2062 entitled to. Moreover, $1.2 billion will be allocated \u200cto assist nearly 22,000 borrowers with disabilities,\u200b who have been identified \u2062and approved for discharge through a data match with\u200c the Social Security Administration.<\/p>\n<p>This \u2064latest announcement underscores President Biden&#8217;s commitment to addressing the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-fifteen-craziest-college-classes-taught-in-america-today\/\" title=\"The Fifteen Craziest College Classes Taught in America Today\">student loan crisis<\/a> in \u200cthe United States. The burden\u200c of student\u2063 debt has long been a pressing issue, and this \u200crelief\u2063 will bring much-needed assistance to thousands of borrowers. The administration is taking strides to alleviate the financial\u2062 strain on individuals and families \u200bby implementing \u2064these measures.<\/p>\n<p>Student loan debt\u200c has been a\u2064 major roadblock for\u200c many \u2062Americans, hindering their ability to achieve financial stability and pursue \u200dtheir dreams. By providing relief through targeted programs and debt cancellation, President Biden aims to open doors of opportunity for \u2062borrowers and help them rebuild their lives.<\/p>\n<p>The White House&#8217;s focus on \u200cthe Public Service Loan Forgiveness programs\u200b is particularly notable.\u200b These initiatives incentivize \u2062individuals \u2063to pursue careers in public \u200bservice by offering loan forgiveness \u200dafter a\u200b certain number \u2062of years working\u2063 in eligible fields. By expanding debt relief\u200b under these programs,\u200c the administration is recognizing the important\u2063 contributions made by those\u200b in public\u200b service roles and\u200c encouraging others\u200d to \u200dconsider these career paths.<\/p>\n<p>The \u2064income-driven repayment fixes will also have a significant impact, benefiting\u2062 borrowers who\u200c have diligently\u2064 made\u200d payments for many years but have not received the full relief\u2062 they deserve. This rectification \u2064ensures \u2062that individuals\u2062 who\u2062 have faithfully fulfilled their financial obligations are granted the support\u2063 they are entitled \u200bto, easing their financial burden\u200c and \u200bproviding a sense \u200dof justice.<\/p>\n<p>Furthermore, the inclusion\u2064 of borrowers with disabilities showcases \u200bthe administration&#8217;s\u2064 commitment to\u2063 inclusivity \u2064and support for\u200c vulnerable populations. By \u200bidentifying and approving discharge for individuals with disabilities, the Biden \u2064administration recognizes\u2062 the unique challenges these borrowers face and \u2064strives \u200cto \u2063provide \u200dthem with the necessary resources to thrive.<\/p>\n<p>President Joe Biden&#8217;s \u2063announcement of an \u2063additional $9 billion in student debt relief marks a significant step towards addressing the student loan crisis in the United States. It demonstrates the\u2062 administration&#8217;s determination to alleviate the \u2063burden of student debt\u200d and support those who have borne the brunt of this \u200dfinancial strain.\u200b As \u200cthe\u2062 White\u200b House \u2062continues to work towards comprehensive solutions, it \u2062is clear\u200c that the administration is committed to providing relief and promoting economic well-being for millions of Americans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden will announce $9 billion in student debt relief for 125,000 borrowers. After the Supreme Court blocked his plan to cancel billions in debt, Biden remains committed to finding new measures to provide relief to Americans burdened by student loans. The announcement will be made on Wednesday.<\/p>\n","protected":false},"author":66,"featured_media":2054960,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-2054959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2054959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2054959"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2054959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2054960"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2054959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2054959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2054959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}