EXCLUSIVE: The Biden administration will unveil a new student loan repayment program that would cut loan payments in half for undergrad borrowers, among other things. But a funding crisis at FSA means it's unclear how or when it'll be fully implemented.
The Biden administration is unveiling an ambitious new student loan repayment program today that will be more generous, flexible and forgiving than previous plans — but it's unclear how or when the administration will be able to fully implement it.
Another person familiar with FSA's inner workings worries that the result, not just for the agency but for people with federal student loan debts, could be"catastrophic." For 2023, the White House knew FSA would need more money, both to keep up with routine loan management and to fulfill long-laid plans, some mandated by Congress, to improve the whole system. In its initial
This long list of expected expenses doesn't include Biden's headline plan for debt relief, announced in August but now tied up at the Supreme Court. That plan ran into Republican opposition, but some of the largest reforms on FSA's agenda this year have enjoyed bipartisan support in the past.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
![Kung Fu Panda: The Dragon Knight Enjoys Lunar New Year [EXCLUSIVE CLIP]](https://i.headtopics.com/images/2023/1/9/screenrant/screen-rant-presents-an-exclusive-clip-from-the-ne-screen-rant-presents-an-exclusive-clip-from-the-ne-1612481658283778050.webp?w=640)
Kung Fu Panda: The Dragon Knight Enjoys Lunar New Year [EXCLUSIVE CLIP]Screen Rant presents an exclusive clip from the new season of Netflix's KungFuPanda series, TheDragonKnight, starring Jack Black and Rita Ora:
Read more »
The Man Who Fell to Earth Has an Illogical Heart in New Featurette (Exclusive)The best sci-fi series are the ones that take an outlandish or otherworldly concept and use that [...]
Read more »
Reza Farahan Pitching New Home Renovation Show with Husband Adam Post-Shahs (Exclusive)Farahan says the pair recently bought the house directly across the street from theirs for the project (via toofab)
Read more »
Greg Berlanti Signs New Exclusive Deal with Warner Bros. TV GroupGregBerlanti & BerlantiProductions locked in a four-year exclusive deal with WarnerBrosTelevisionGroup running through 2027. / WBD WarnerBrosDiscovery WBTVG Arrowverse TheGirlsOnTheBus GreenLantern DCU
Read more »
‘Avatar 2′ Gets Rare China Release Extension Over Lunar New Year Holiday (Exclusive)The highly unusual move means James Cameron's blockbuster, which has already earned nearly $200 million in China, will continue screening during the country's most lucrative release window of the year.
Read more »
Biden’s DOJ accused of playing hide and seek with Hunter Biden documentsThe Justice Department is withholding 400 documents related to Hunter Biden's overseas business dealings, a Colorado lawyer claims.
Read more »