student loans
10,700 South Dakotans enroll in student loan repayment program; Thune files opposition measure
WASHINGTON — More than 4 million federal student loan borrowers — including 10,700 in South Dakota — are enrolled in the Biden administration’s new repayment program, according to figures released Tuesday by the Department of Education. With the pause of more than three years on federal student loan repayments coming to an end in October, […]
Here’s what to know about new federal policies for repaying student loans
WASHINGTON — Following the Supreme Court’s summer ruling against 40 million federal student loan borrowers who would have qualified for debt relief, the Biden administration crafted a year-long delay in repayments. The policy, known as an on-ramp, is set to begin next month. Additionally, hours after the Supreme Court’s decision, the Department of Education unveiled […]
South Dakota student debt relief could reach $147 million under new plan
More than 3,000 South Dakotans qualify for a combined $147 million in student debt relief offered by a new Biden administration policy, according to the U.S. Department of Education. The Department of Education and the White House announced last week that more than 800,000 federal student loan borrowers across the country will have their remaining […]
More than 800,000 student loan borrowers to have debt forgiven, White House announces
WASHINGTON — The Department of Education and the White House announced Friday that more than 800,000 federal student loan borrowers will have their remaining debt wiped out. The $39 billion in debt relief will come through fixes to mismanagement of the agency’s income-driven repayment plans. Many long-time borrowers, including those who had been making payments […]
US Supreme Court rules against Biden administration student loan debt relief plan
WASHINGTON — The U.S. Supreme Court on Friday ruled that the Biden administration does not have the legal authority to enact a one-time student debt relief program, dealing a blow to the 40 million Americans who would have qualified. Last year, the Biden Administration rolled out a debt forgiveness plan for borrowers with federal student […]
U.S. Senate votes to block student loan relief, White House will veto
WASHINGTON — The U.S. Senate on Thursday voted to overturn the Biden administration’s one-time student debt relief plan that is on hold due to a pending Supreme Court decision. President Joe Biden has vowed to veto the resolution, but the 52-46 vote (with yes votes from South Dakota Republican Sens. John Thune and Mike Rounds) […]
Biden student debt relief plan revoked in U.S. House vote
WASHINGTON — The U.S. House on Wednesday voted to overturn the Biden administration’s one-time student debt relief plan that is currently on hold awaiting a Supreme Court decision expected within weeks. Before the 218-203 vote on the resolution, the the White House said President Joe Biden would veto it, arguing that the U.S. Department of […]
Biden student debt relief plan met with skepticism from U.S. Supreme Court conservatives
WASHINGTON — The majority conservative wing of the U.S. Supreme Court appeared skeptical Tuesday that the Biden administration had the authority to implement a federal student debt relief program that was estimated to potentially aid millions of borrowers. The conservative justices, who hold a 6-3 majority on the court, questioned whether the Department of Education […]
Black student loan borrowers at risk as U.S. Supreme Court weighs forgiveness plan
WASHINGTON — As the Biden administration prepares to defend its student debt cancellation program before the U.S. Supreme Court on Feb. 28, data shows that Black borrowers have the most to lose should a majority conservative court strike down the policy. Black borrowers hold a disproportionate share of student loan debt, and many likely were […]
‘They saw the potential’: SDSU program boosts Native American success
South Dakota State University was the only college that sent recruiters to the reservation during Traelene Fallis’ junior year at Crow Creek Tribal School. So, she only applied to SDSU. “It just felt like they actually wanted me to be here,” Fallis said. “They were doing all these things because they saw the potential in […]
New federal student loan repayment plan aimed at low-income borrowers
WASHINGTON — The U.S. Department of Education unveiled a proposal Tuesday that would overhaul a federal student loan income-driven repayment plan, and, if implemented, could help millions of low-income borrowers. However, it’s unclear how the agency would be able to finance the program. Many student debt relief advocates also criticized the proposal for leaving out […]
Student loan repayment pause extended by White House amid legal battles over relief plan
WASHINGTON — The Department of Education announced on Tuesday it is extending the pandemic-era pause on federal student loan repayments until June 30 while legal challenges to the administration’s student debt relief program are fought over in the courts. The agency said if the student debt relief program has not been put in place by […]