Tag Archive for: president joe biden administration
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New Retirement Rule Will Help Protect Retirement Savings Of Americans Already Struggling To Save
America’s workers and their families rely on investment professionals for guidance as they save for retirement. The Retirement Security Rule that takes effect on September 23, 2024 will protect retirement investors from improper investment recommendations and harmful conflicts of interest.
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Biden Tax Increases Won’t Hit Middle Class, Treasury Secretary Yellen Says
Republicans just pressed the Treasury Secretary on President Biden’s tax proposals and the fate of the Trump tax cuts that will expire in 2025. Lawmakers are girding for a legislative battle over which ones — if any — will be extended next year.
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Student Loan Repayment May Force Some To Take On More Debt: Survey
Student loan forbearances brought relief for millions during the uncertain times of the COVID-19 pandemic. But after more than three years, many consumers are now bracing for significant adjustments to their household budgets. Many will even have to delay major life plans and milestones in order to manage their student loans, existing debts and other day-to-day expenses.
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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.
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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.
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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.