Republicans’ Project 2025 agenda promises sweeping changes for the federal government—and it could have a profound effect on Michiganders’ way of life.
Michigan lawmakers and teachers are rallying behind President Joe Biden—and reflecting on a rough period for public schools after Trump put Betsy DeVos in charge.
Friday’s announcement is just the latest round of student debt cancellation enacted by the Biden administration, which has approved relief for more than 4.3 million people so far, including 96,610 people in Michigan.
The president’s plan builds on existing debt cancellation efforts and would extend loan relief to more than 30 million borrowers.
Speakers highlighted the impact of the student loan repayment program on Michigan teachers at a Wednesday Senate Appropriations Pre K-12 Subcommittee meeting.
The new proposal will focus on providing debt relief to those with older loans or loans with large sums of interest; those with high-cost, unavoidable child care or health care expenses; borrowers who are highly likely to default; and others who face “financial hardship.”
Gov. Gretchen Whitmer’s latest state budget recommendations are all about lowering costs—and ensuring more children are prepared to ‘make it’ in Michigan.
More than 56,000 Michiganders have had their student debt discharged or have been identified for debt relief due to the Biden administration's reforms of the student loan debt system.
This round of debt relief will eliminate the debt of 125,000 borrowers nationwide: 22,000 with disabilities, 51,000 through an income-driven repayment plan, and 53,000 through the Public Service Loan Forgiveness program.
Nearly half of all borrowers say they aren't financially prepared to begin repaying their debt. Despite this, interest began accruing again on Sept. 1, and payments will be due again in October.
