student loans

The cancellation of up to $20,000 of debt would have benefited more than 5 million Texans.

The court unanimously dismissed on standing grounds a challenge to President Biden's groundbreaking plan to forgive some or all federal student loan debt for tens of millions of Americans.

The program to erase student loan debts for millions of borrowers hit a brick wall Thursday when it was blocked by a U.S. District Court judge. The administration quickly appealed the decision.

The Biden administration has quietly changed its guidance to disqualify borrowers who have privately-held FFEL and Perkins loans.

President Biden announced a sweeping effort to forgive up to $20,000 of federal student loan debt for Pell Grant recipients, and up to $10,000 for other borrowers making under $125,000 a year.

Income-driven repayment plans were intended to help low-income student loan borrowers, and eventually cancel their debt. New documents paint a breathtaking picture of the program's failure.

The program's confusing requirements led to crowds of frustrated borrowers being denied debt relief. The department is expected to make immediate, retroactive fixes and to simplify the overall rules.

In a survey Texas Public Radio sent to students currently or recently enrolled in one of San Antonio’s public institutions of higher education, Hispanic students were just as likely as white students to take out loans. But the reasons they didn’t take out loans varied depending on their race and ethnicity.

The Biden administration is trying to figure out how much student debt to forgive and how to go about doing it — through executive action or legislation.

About 42 million Americans owe a total of more than $1.7 trillion in student debt, and there is mounting political pressure and controversy about whether to relieve federal student debt to stimulate the COVID-ravaged U.S. economy.