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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 Ac ....

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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. ....

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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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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. ....

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