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this post was submitted on 27 Sep 2023
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I thought that got blocked - or at least, tied up in court. I know there are ongoing initiatives, but isn't the only "big" one, the one that was repaying funds -stolen- from borrowers? Like, refunding overpayments?
The one-time loan forgiveness grant got shut down, yes. But Biden did manage to pass another way to handle student debt relief through the form of a revamped income repayment plan, with wayyyyy more forgiving terms than previous plans, to the point that you could essentially be forgiven of your student loans.
That's my understanding as well. The current initiative is far more limited in scope, and pays back students who were defrauded by scam schools.
I believe it’s still happening through executive order?