By Ayelet Sheffey, Business Insider As one of his first actions as Education Secretary, Miguel Cardona cancelled student debt for about 72,000 borrowers defrauded by for-profit schools. On Wednesday, 18,000 more got student-debt relief. The Education Department announced in a press release that it had approved 18,000 borrower defense to
By Annie Nova, CNBC Struggling student loan borrowers who own a business received some welcome news this week: They will no longer be excluded from the Paycheck Protection Program. Any business owned 20% or more by a borrower who had fallen behind on their payments previously could be determined ineligible
By Katie Lobosco, CNN Washington (CNN) – President Joe Biden made it clear during Tuesday night’s CNN town hall that he disagrees with other members of his party who want to cancel $50,000 of student debt per borrower. “I will not make that happen,” Biden said after a member of
Democratic presidential candidate, former Vice President Joe Biden speaks in Philadelphia, DC USA June 2, 2020. (Shutterstock) By Anya Kamenetz, NPR President-elect Joe Biden has affirmed his support for erasing some student debt “immediately.” Student debt forgiveness was a major campaign plank of some of his more progressive rivals for
By Jarrell Dillard, MSN Writing off billions of dollars in student debt could help Joe Biden get started on the giant task of shoring up finances for Black households on the wrong side of yawning gaps in wealth and income, according to economists who’ve studied the idea. The policy is
