Biden's Broad Student-loan Forgiveness Efforts Are Officially Over And Borrowers Are Left Wondering What's Next: 'it Feels Like

asheffey@businessinsider.com (Ayelet Sheffey), Business Insider
Sun, 12/29/2024 - 2:03am

Getty Images; Jenny Chang-Rodriguez/BIStudent-loan borrowers are entering the new year with uncertainty on their payments and debt relief.Ongoing litigation with the SAVE repayment plan makes it difficult for some borrowers to plan financially.Biden also officially withdrew his broad debt relief plans, and any future relief under Trump is unlikely.Wade Burt, 67, is entering the new year without knowing when — or if — he'll be free of his nearly six-figure student-loan balance.Burt first took out just under $20,000 in student loans for an associate degree in avionics that he earned in 1988.

Topics: we we images jenny chang-rodriguez/bistudent-loan wade burt social security president-elect donald trump president joe biden biden's education department the trump public service loan forgiveness program the education department malissa williams bi and republicans congress gop-led college cost reduction act virginia foxx foxx january molly valentine dierks i a bi save burt business insider americans trump republican cooper pslf williams williams white house foxx dierks efforts feels debt told enrolled degree future court choose pretty put hopes support result month students school

Place your ad here
Loading...

BING NEWS:

Biden's broad student-loan forgiveness efforts are officially over and borrowers are left wondering what's next: 'It feels like we're in a pretty hopeless situation'
Student-loan borrowers described their financial concerns as they enter the new year, with the fate of key programs like SAVE uncertain.
12/28/2024 - 8:03 pm | View Link
Biden administration withdraws student loan forgiveness plans. What borrowers should know
The Biden administration has withdrawn two major plans to deliver student loan forgiveness. The proposed regulations would have allowed the secretary of the U.S. Department of Education to cancel ...
12/23/2024 - 10:49 am | View Link
Biden is withdrawing his broader student-loan-forgiveness plans that were set to cancel debt for over 38 million borrowers
It's officially the end of the road for Biden's attempts to broadly cancel student debt.
12/20/2024 - 4:53 am | View Link
More

More Movie News

More Business News

Squid Game Season 3 Confirmed for 2025
CNET, Tuesday - 12/31/2024 - 05:02 PM
You won't have to wait too long for the answers to the Squid Game season 2 cliffhanger.
More | Talk | Read It Later | Share
VCs say AI agents will be big in 2025. Here's an exclusive look at the pitch deck one startup in the space used to raise $20 mil
Business Insider, Tuesday - 12/31/2024 - 01:52 PM
Vapi employeesVapiVoice agents, which use AI to listen and respond to spoken commands, are top of mind for VCs in 2025. One startup in the space, Vapi, just raised $20 million from Bessemer Venture Partners. We got an exclusive look at the pitch deck Vapi used to raise its Series A funding round.
More | Talk | Read It Later | Share
The economic projects that could reshape Biden's legacy
Business Insider, Tuesday - 12/31/2024 - 01:47 PM
President Joe Biden, center, stands near the John A. Blatnik Memorial Bridge in Superior, Wisconsin. An upgrade of the bridge is being funded by the Bipartisan Infrastructure Law. SAUL LOEB/AFP via Getty ImagesInfrastructure has played an important role in President Biden's term in office. The bipartisan infrastructure law is one of Biden's signature domestic policy achievements.
More | Talk | Read It Later | Share
Rate cuts, strong employment, and lower prices: 5 bullish predictions for 2025 from Goldman Sachs
Business Insider, Tuesday - 12/31/2024 - 01:34 PM
Spencer Platt/Getty Images; Bryan Erickson/Business InsiderThere are a handful of bullish forces headed for markets and the economy next year. Goldman Sachs said there are five factors providing a tailwind for the market next year. Those include stronger growth, more rate cuts, and lower inflation. Investors feeling nervous about markets and the economy have a number of reasons to cheer up, with several bullish factors set to keep the rally going next year, according to Goldman Sachs.
More | Talk | Read It Later | Share
A stock correction looms as recession fears will resurface in 2025, Wall Street strategist Jim Paulsen says
Business Insider, Tuesday - 12/31/2024 - 01:18 PM
Don Emmert /AFP/GettyImagesJim Paulsen says he expects a 10%-15% stock market correction next year. The market veteran thinks investors are overlooking the risk of an economic slowdown. As economic momentum wavers next year, recession fear will trigger a market pullback. A stock market correction could be sparked by something investors aren't thinking too hard about — a recession in 2025.
More | Talk | Read It Later | Share
Starbucks went through big changes in 2024. The coffee chain could transform even more next year.
Business Insider, Tuesday - 12/31/2024 - 01:05 PM
Starbucks welcomed CEO Brian Niccol in September. Spencer Platt/GettyStarbucks underwent many changes this year, and more are likely coming in 2025. New CEO Brian Niccol will face choices about Starbucks' unionized stores and its China business. Starbucks faced slumping sales and dealt with activist investors in 2024. Signs that Starbucks needed a turnaround mounted in 2024.
More | Talk | Read It Later | Share

Biden's Broad Student-loan Forgiveness Efforts Are Officially Over And Borrowers Are Left Wondering What's Next: 'it Feels Like

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Business News