Tag: loan

MAGA Judges Shamefully Invalidate Biden’s Student Loan Cancellation, Taking Away Economic Relief for 40 Million Americans

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Washington, D.C. – In response to the Supreme Court’s decision in Biden v. Nebraska, MoveOn Political Action will speak alongside borrowers and allies from the Student Borrower Protection Center (SBPC), Young Invincibles, NAACP, MoveOn, Student Debt Crisis Center, Center for Responsible Lending, We the 45, and more today at noon ET in front of the Supreme Court on the urgent need for immediate and automatic debt relief. Move On Political Action Executive Director Rahna Epting also issued the following statement:  “Today’s decision means tens of millions of borrowers are now…

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OPM clarifies how agencies can help feds apply for Public Service Loan Forgiveness waiver by Oct. 31 deadline

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With a fast-approaching deadline to apply for a Public Service Loan Forgiveness limited-time waiver, the Office of Personnel Management said agencies should help federal employees with their applications. If they have the documentation available, agencies can certify a current employee’s entire work history, including that individual’s time working previously at other agencies. “The federal employee should present a separate PSLF form for each federal agency and period of employment for which they are seeking certification and the agency official should certify each form as appropriate,” OPM wrote in an Oct.…

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Biden Claims Congress ‘Passed’ His Student Loan Forgiveness Plan. It Didn’t.

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President Joe Biden recently said Congress approved his plan to “forgive” student loan debt.   While talking with a group of young people at the White House during an on-camera interview published Sunday by NowThis News, Biden said he had “just signed a law” that would forgive $ 20,000 in student debt for Pell Grant recipients and $ 10,000 for all borrowers earning less than $ 125,000 a year.   “It’s passed. I got it passed by a vote or two, and it’s in effect,” Biden said.   Actually, Biden used executive action…

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Education Dept sets deadline for Public Service Loan Forgiveness waiver

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The Education Department is trying to make it easier for public servants to receive student debt relief, but the changes to the federal relief program are only temporary. The agency added a waiver to the Public Service Loan Forgiveness (PSLF) program, in an effort to help more public servants receive debt relief, but to qualify for the program, applications must be in by Oct. 31. The PSLF program, in part, aims to encourage more college graduates to join the federal service. Borrowers who have worked for 10 years in federal…

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MoveOn Executive Director Rahna Epting on Federal Student Loan Cancellation

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Washington, D.C. – In response to President Biden’s student debt relief plan, MoveOn Executive Director Rahna Epting issued the following statement: “President Biden’s executive order, canceling $ 10,000 in federal student debt for most borrowers, canceling $ 20,000 in loans for Pell Grant recipients, reforming income-based repayment plans to benefit borrowers, and extending the payment pause until the end of the year, marks the biggest and boldest action a president has ever taken to provide student debt relief to struggling families.  “The executive order will give millions of people relief…

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