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Estate Planning Implications of Biden s Recently Issued Green Book

A summary of the key provisions of which advisors should be aware.

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$10,000 student loan forgiveness: Can Biden eliminate the debt?

$10,000 or $50,000 student loan forgiveness: Could Biden eliminate debt through executive order? CNET 5/8/2021 Oscar Gonzalez © Provided by CNET The gift of student loan debt forgiveness could be on its way. Sarah Tew/CNET Since taking office, President Joe Biden has expressed support for canceling up to $10,000 per student in loan debt. Some Democratic leaders are looking to go higher, to $50,000. And a new Change.org petition is calling for Biden to go even further and cancel all federal student debt in 2021 through an executive order. The survey has more than 1 million signatures. In March, Biden did forgive $1 billion in loans for students defrauded by for-profit institutions, but he has yet to present a plan for reducing the roughly $1.7 trillion in student debt across the board. Biden in April asked Education Secretary Miguel Cardona if he has the legal authority to cancel student debt. Under the American Rescue Plan Act, eligible Americans re

United statesMiguel cardonaDonald trumpJoe bidenDepartment of educationPublic service loan forgivenessCongress onOffice of federal student aidStudent borrower protection centerBiden plan for education beyond high schoolPresident joe bidenAmerican rescue plan actBiden planEducation beyond high schoolFormer president donald trumpAmerican rescue plan

Student loan forgiveness: Where Joe Biden s debt plan stands today

Student loan forgiveness: Where Joe Biden s debt plan stands today CNET 1 hr ago Oscar Gonzalez © Provided by CNET The gift of student loan debt forgiveness may be on its way. Sarah Tew/CNET Student loan debit in the US totals upward of roughly $1.7 trillion, ranking just behind home mortgages in consumer debt and ahead of credit-card debt and auto loans. We still don t know if President Joe Biden will cancel $10,000 per student in loan debt. Some Congress members want Biden to go even higher, forgiving $50,000 per student. Provisions like a third stimulus check (and plus-up payments ), more money for unemployed workers, thousands more dollars for families with the new child tax credit and changes to health care savings were included in the American Rescue Plan. These were added to help people struggling financially due to the pandemic but one group not addressed in the relief package is indebted students.

United statesMiguel cardonaDonald trumpJoe bidenDepartment of educationPublic service loan forgivenessOffice of federal student aidStudent borrower protection centerBiden plan for education beyond high schoolPresident joe bidenAmerican rescueBiden planEducation beyond high schoolFormer president donald trumpAmerican rescue planEducation secretary miguel cardona

Student loan forgiveness: What Joe Biden s debt plan looks like today

Student loan forgiveness: What Joe Biden s debt plan looks like today
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United statesMiguel cardonaDonald trumpElizabeth warrenJoe bidenDepartment of educationPublic service loan forgivenessOffice of federal student aidA senateStudent borrower protection centerBiden plan for education beyond high schoolPresident joe bidenAmerican rescueBiden planEducation beyond high schoolFormer president donald trump

Student loan debt forgiveness in 2021? Pressure grows for Biden to forgive debt

Student loan debt forgiveness in 2021? Pressure grows for Biden to forgive debt CNET 2 hrs ago Oscar Gonzalez © Provided by CNET The gift of student loan debt forgiveness may be in the works. Sarah Tew/CNET Right now in the US, students have an accumulated total of $1.71 trillion in loan debt, making it second in consumer debt behind home mortgages. President Joe Biden made canceling $10,000 of loan debt per student a part of his election campaign, but members of Congress are pressing Biden to go bigger by forgiving $50,000 per student. America is facing a student loan time bomb, Sen. Elizabeth Warren said during a Senate hearing on April 13. The explosion, she said, could throw millions of families over a financial cliff.

United statesBob menendezMiguel cardonaDonald trumpElizabeth warrenJoe bidenDepartment of educationPublic service loan forgivenessOffice of federal student aidStudent borrower protection centerBiden plan for education beyond high schoolAmerican rescue planBiden planEducation beyond high schoolFormer president donald trumpEducation secretary miguel cardona