bhaigan Posted March 18, 2021 Report Share Posted March 18, 2021 The Biden administration is cancelling $1 billion of student loans. Here’s what you need to know. Student Loans In the ongoing debate over student loan cancellation, at least some borrowers will get student loan forgiveness. In a major announcement, the U.S. Department of Education will enact student loan cancellation for 72,000 student loan borrowers who previously had some student loans cancelled, but now will get full student loan cancellation. The Biden administration says the previous formula to cancel student loans in cases of fraud or school closure that was used in the Trump administration — which often created partial student loan forgiveness — was unfair to student loan borrowers. Under a federal law known as the borrower defense to repayment, borrowers could get federal student loan cancellation if they attended a school that engaged in deceptive or illegal practices or closed suddenly. In 2016, the Obama administration issued new rules to protect student borrowers and get student loan relief. These rules existed as a form of consumer protection because absent these rules, student loan borrowers would still have to pay off student loans even if they didn’t find gainful employment after attending schools such as ITT Technical Institute or Corinthian Colleges. Quote Link to comment Share on other sites More sharing options...
DummyVariable Posted March 18, 2021 Report Share Posted March 18, 2021 @betapilli did not want this Quote Link to comment Share on other sites More sharing options...
HugoStrange Posted March 18, 2021 Report Share Posted March 18, 2021 just a drop in the ocean Quote Link to comment Share on other sites More sharing options...
Deadp0ol2 Posted March 18, 2021 Report Share Posted March 18, 2021 Rei em chestunav ra. Mind 10ginattu undi musalodiki Quote Link to comment Share on other sites More sharing options...
veerigadu Posted March 18, 2021 Report Share Posted March 18, 2021 Silicon valley and tri valley batch @sattipandu gadiki kuda benefit aaa ayitheeee Quote Link to comment Share on other sites More sharing options...
veerigadu Posted March 18, 2021 Report Share Posted March 18, 2021 Just now, Deadp0ol2 said: Rei em chestunav ra. Mind 10ginattu undi musalodiki Why. What's wrong. They are deceived anta kadhaaa Quote Link to comment Share on other sites More sharing options...
r2d2 Posted March 18, 2021 Report Share Posted March 18, 2021 cancel culture ante ila artham chesukunnadannamaata.... 1 Quote Link to comment Share on other sites More sharing options...
keviinusa Posted March 18, 2021 Report Share Posted March 18, 2021 1 minute ago, r2d2 said: cancel culture ante ila artham chesukunnadannamaata.... endii idi Quote Link to comment Share on other sites More sharing options...
veerigadu Posted March 18, 2021 Report Share Posted March 18, 2021 1 minute ago, keviinusa said: endii idi Google cheyiii Quote Link to comment Share on other sites More sharing options...
betapilli Posted March 18, 2021 Report Share Posted March 18, 2021 28 minutes ago, DummyVariable said: @betapilli did not want this A lot of people don't go to school in fear of having student loans. I am sure, tons of history majors making 20k think it's a good idea to spend 200k in tuition fees. Quote Link to comment Share on other sites More sharing options...
Rushabhi Posted March 18, 2021 Report Share Posted March 18, 2021 Is this true Quote Link to comment Share on other sites More sharing options...
veerigadu Posted March 18, 2021 Report Share Posted March 18, 2021 Just now, Rushabhi said: Is this true Yes why Quote Link to comment Share on other sites More sharing options...
bhaigan Posted March 18, 2021 Author Report Share Posted March 18, 2021 Just now, Rushabhi said: Is this true yes Quote Link to comment Share on other sites More sharing options...
bhaigan Posted March 18, 2021 Author Report Share Posted March 18, 2021 Source:- https://www.forbes.com/sites/zackfriedman/2021/03/18/biden-cancels-1-billion-of-student-loans/?sh=756b24bf2460 Quote Link to comment Share on other sites More sharing options...
Rushabhi Posted March 18, 2021 Report Share Posted March 18, 2021 1 minute ago, veerigadu said: Yes why Ante should it not go through congress ani doubt vachindi Quote Link to comment Share on other sites More sharing options...
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