Tag Archive for: president joe biden administration

Finance Expert Reveals What Biden ‘Is Not Saying’ About New Student Loan Repayments

One personal finance expert unveiled what the Biden administration isn’t broadcasting about its new repayment plan - dubbed the Saving on a Valuable Education (SAVE) plan — which aims to cut monthly payments while following an income-driven outline.

Joe Biden Lays Out New Student Debt Relief Plan After Supreme Court Ruling

The 6-3 decision from the Supreme Court dealt a blow to an estimated 40 million borrowers who had hoped the $430bn plan would allow the 2003 Heroes Act to help curb the ongoing costs of their education. President Biden promised to now turn to the Higher Education Act of 1965 to restore student debt relief and to enact a 12-month repayment program.

Key Things To Know As Supreme Court Nears Decision On Biden’s Student Loan Forgiveness

If the justices greenlight President Joe Biden’s relief, many borrowers will immediately get $20,000 of their student debt cancelled – if they’d received a Pell Grant in college, a type of aid available to low-income families – and as much as $10,000 if they didn’t.

How To Prepare For The Return Of Student Loan Payments

The agreement negotiated between President Biden and House Speaker Kevin McCarthy to raise the debt ceiling stipulates that student loan payments would resume around Sept. 1, Since many people have gone three years without factoring student loan payments into their budgets, and the change could be jarring.

New Retirement Account Rules Make It Easier To Tap Savings Early For Emergencies

President Joe Biden is poised to sign a $1.7 trillion bill that amends rules related to so-called hardship distributions from 401(k) plans. The measures are tucked into “Secure 2.0,” a collection of retirement reforms attached to the overall legislative package, which will fund the federal government for the rest of the fiscal year through next September. CLICK ON THE HEADLINE FOR MORE

Student Loan Payments Are Supposed To Resume In September. Is Another Pause Coming?

For what you need to know about federal student loan payments, including how long the pause could last, what other benefits it includes and whether Biden will push for more student debt forgiveness, CLICK ON THE HEADLINE.