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 44,380 people in Wisconsin.
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Biden unveils new plan for student debt relief
The president’s plan builds on existing debt cancellation efforts and would extend loan relief to more than 30 million borrowers.
78,000 public service workers get student loans canceled by Biden administration
Through improvements to the public service Loan Forgiveness Program, the Biden administration has canceled loans for more than 871,000 public service workers.
Biden proposes new student debt relief plan for Wisconsin borrowers facing ‘hardship’
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.”
Three UW regents flip their votes, allow GOP to attack diversity efforts in exchange for funding
Evers says Republicans are “abusing power.” Assembly Speaker Vos says it’s only a “first step” toward eliminating programs that help people get a college education. Intimidation and threats by Republican legislators succeeded Wednesday in coercing three members of the...
Rejected! UW Board of Regents votes 9-8 against GOP demands to cut diversity jobs in return for withheld pay raises
Regents vote down a deal negotiated between the university system president and Assembly Speaker Robin Vos. (Update: Regents would reverse themselves days later.)
Wisconsinites get relief as Biden cancels nearly $5 billion more in student debt
More than 28,000 Wisconsinites 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.
Wisconsin Assembly pass Republican bill banning race, diversity factors in financial aid for UW
MADISON, Wis. (AP) — The Republican-controlled Wisconsin Assembly passed a bill Tuesday that would ban Universities of Wisconsin officials from considering race and diversity when awarding state-funded financial aid.
Wisconsinites Get Financial Relief as Biden Cancels More Student Debt
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.
Here Are Your Options As Student Loan Payments Resume
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.