US Senate Republicans narrowly passed a budget bill that features steep cuts for federal Pell Grant that go toward higher education.
Dozens of Arizona students and activists rallied to protect education funding, amid Republican-backed budget cuts.
As the Trump administration resumes collections on defaulted student loans, a surprising population has been caught in the crosshairs: older Americans who now risk having money taken out of their Social Security checks.
Engel defended public schools for years at the state capitol. Now, she wants to do take the fight to Capitol Hill.
Friday’s announcement is just the latest round of student debt cancellation enacted by the Biden administration, which has approved relief for more than 4.3 million people so far, including 59,500 people in Arizona.
The president’s plan builds on existing debt cancellation efforts and would extend loan relief to more than 30 million borrowers.
The new proposal will focus on providing debt relief to those with older loans or loans with large sums of interest; those with high-cost, unavoidable child care or health care expenses; borrowers who are highly likely to default; and others who face “financial hardship.”
More than 35,000 Arizonans have had their student debt discharged or have been identified for debt relief due to the Biden administration's reforms of the student loan debt system.
This round of debt relief will eliminate the debt of 125,000 borrowers nationwide: 22,000 with disabilities, 51,000 through an income-driven repayment plan, and 53,000 through the Public Service Loan Forgiveness program.
Nearly half of all borrowers say they aren't financially prepared to begin repaying their debt. Despite this, interest began accruing again on Sept. 1, and payments will be due again in October.
