Stories tagged: "student loan debt"


US President Joe Biden announces student loan relief with Education Secretary Miguel Cardona (R) on August 24, 2022 in the Roosevelt Room of the White House in Washington, DC. - Biden announced that most US university graduates still trying to pay off student loans will get $10,000 of relief to address a decades-old headache of massive educational debt across the country. (Photo by OLIVIER DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images)
Biden Administration Makes It Easier to Discharge Student Loan Debt Through Bankruptcy

Prior to this move, student loan debt—unlike credit card bills, medical bills, and most other forms of debt—was not eligible to be automatically wiped away when a person filed for bankruptcy.

WASHINGTON, DC - AUGUST 25: Student loan borrowers stage a rally in front of The White House to celebrate President Biden cancelling student debt and to begin the fight to cancel any remaining debt on August 25, 2022 in Washington, DC. (Photo by Paul Morigi/Getty Images for We the 45m)
Here’s Where the Biden Administration’s Student Loan Relief Plan Stands

In the past week, two separate courts controlled by conservative judges have ruled against the Biden administration’s plan to cancel tens of thousands of dollars in federal student loan debt for millions of borrowers, putting that relief in jeopardy. 

Photo Credit: fizkes/Shutterstock
True or False: Common Claims About Inflation in Michigan

Inflation is still hovering at a 40-year high. Will the Inflation Reduction Act or student loan forgiveness make a difference in Michigan?

President Joe Biden speaks on the campaign trail on Aug. 10, 2019, in Des Moines, Iowa. (AP Photo/Charlie Neibergall)
Biden Cancels Student $10-20K Loan Debt, Extends Repayment Pause, Announces Reforms for Future Repayments

The announcement, which came after months of deliberation, will provide immediate relief to an estimated 1.4 million Michiganders who’ve struggled with the financial albatross of student loan debt and help millions of future students avoid crushing monthly payments. 

Polling shows nearly six in 10 voters support extending the pause on federal student loan payments.
Will Most Michiganders Qualify if Biden Forgives Student Loans?

Around 400,000 Michiganders would have student loan debt erased, if the plan turns out the way experts are speculating.

Millions of Michiganders are waiting on news of student loan forgiveness.
Voters Want Student Debt Erased—But Many Michiganders Don’t Have to Wait

Some Michigan graduates don’t have to wait on the White House to start seeing their student loans erased.

President Joe Biden signs his first executive order in the Oval Office of the White House on Wednesday, Jan. 20, 2021, in Washington.
Michiganders Relieved as Biden Freezes Evictions, Students Loan Payments

President Joe Biden has already accomplished a lot to help Michiganders in dire financial situations and to buy time to address looming economic disasters.