Student Debt

“Today, President Biden announced that his administration will cancel up to $10,000 of debt for all student borrowers with federal undergraduate, graduate, and parent loans who earned annual incomes less than $125,000, as well as up to $20,000 of debt for borrowers whose incomes fall below those thresholds and received a Pell Grant to help them pay for college.

Joint letter from TICAS, New America, and Center for American Progress urging the Department of Education to extend the pause on student loan payments, interest, and collection.

We welcome the Biden Administration’s actions to address shortcomings of the IDR system, including forbearance steering and flawed payment tracking. The plans announced today will result in immediate balance cancellation for tens of thousands of borrowers under IDR and Public Service Loan Forgiveness and additionally move millions of borrowers closer ...

Analysis focuses on two key design details that can make income-driven repayment work better for borrowers.

We applaud the Biden Administration for extending the payment pause for student loan borrowers today, and for providing a critical “fresh start” for millions of borrowers who were in delinquency or default on their student debt when the pandemic began.

A group of 105 organizations wrote a letter to Treasury Secretary Yellen urging the Treasury Department to protect the Child…