Notes

Student loan debt forgiveness: Biden again rejects $50,000

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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://studentloansherpa.com/wp-content/uploads/2020/11/Student-Loan-Forgiveness-in-2021-e1606334958917-862x310.jpg" alt="Biden administration cancels $500m in student loan debt for 18,000 students defrauded by college - The Independent"><span style="display:none" itemprop="caption">Trump vBiden: Here's what's at stake for student loan borrowers</span>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://studentloanhero.com/wp-content/uploads/2021/05/arrival-vector-id1209772192.jpg" alt="Student loan forgiveness: What Biden is considering for student debt"><span style="display:none" itemprop="caption">Here Are President Biden's Plans for Student Debt Relief - NextAdvisor with TIME</span>
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<h1 style="clear:both" id="content-section-0">The 9-Minute Rule for Student Loan Forgiveness - Department of Financial Services<br></h1>
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<img width="499" src="https://i.pinimg.com/736x/67/50/17/675017daf01fb667fa4da26a2f734e20.jpg">
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<p class="p__0">This newsletter is a weekly version of POLITICO Pro's everyday Education policy newsletter, Morning Education. POLITICO Pro is a policy intelligence platform that integrates the news you need with tools you can use to do something about it on the day's greatest stories. Act upon the news with POLITICO Pro. The Most Complete Run-Down has been grappling for months over whether to accede to progressive needs to cancel large swaths federal trainee loan debt.</p>
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<p class="p__1">As the administration weighs those significant decisions, Education Department authorities have said they're concentrated on improving the existing financial obligation cancellation programs targeted at specific populations of borrowers: those who have actually become seriously disabled or were defrauded by their college, and public service employees. A new chest of federal information sheds some light on how the Biden administration is approaching financial obligation relief for these trainees: In 2007, Congress created a program suggested to wipe out federal trainee loan financial obligation for debtors who pay their loans for 10 years while operating in civil service.</p>
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<p class="p__2">What Trump did: The very first mate of customers ended up being qualified for forgiveness during the Trump administration, which had already consistently proposed eliminating the program. The Education Department declined the huge bulk of the numerous thousands of borrowers who used for loan forgiveness. By approximately completion of the Trump age, approximately 6,000 customers had their trainee loans forgiven.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://cdn.vox-cdn.com/thumbor/YZKcyDe9wQExe9iTEdtKcMDd-Fw=/1400x1050/filters:format(jpeg)/cdn.vox-cdn.com/uploads/chorus_asset/file/22326238/VOX_hollow_middleclass_main_B.jpg" alt="Frozen but not forgiven: US student loans are coming due again soon"><span style="display:none" itemprop="caption">Student loan forgiveness among Biden-Harris education objectives - khou.com</span>
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<h1 style="clear:both" id="content-section-1">Indicators on US student loans, frozen but not forgiven, are coming due You Should Know<br></h1>
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<p class="p__3">2020 and April 2021 the final months of the Trump administration and first couple of months of the Biden administration. (It's difficult to determine precisely the number of borrowers obtained loan forgiveness and were turned down during that time due to the fact that of the new way the data is reported.)And the new information reveals a substantial documentation stockpile at the Education Department; nearly 130,000 debtors who used for loan forgiveness or requested an upgrade on their progress towards loan forgiveness were still awaiting answers at the end of April.</p>
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