Across the US in recent weeks student loan borrowers hoping to have their debts eased have opened their email inboxes to a message from the US secretary of education, Miguel Cardona.
It read in part: Lawsuits are preventing the US Department of Education from implementing its one-time student loan debt relief program; we are holding your approved application.
In August of this year, Joe Biden announced he would cancel up to $20,000 of federal student debt for Pell grant recipients and up to $10,000 for other borrowers. In order to qualify for student debt cancellation, borrowers could not earn more than $125,000 annually, or $250,000 for married couples filing taxes jointly.
But Bidens high-profile effort to relieve student debt has become …
Read the full article at: https://www.theguardian.com/money/2022/nov/26/student-debt-relief-loan-biden-pause