Breaking Down Biden's Student Loan Forgiveness Plan

The big announcement that the Biden administration is canceling $10,000 in student loan debt for millions of borrowers—and $20,000 for even more—and extending the pause on payments is the main topic of discussion for the kickoff of dotEDU's fourth season. Justin Draeger, president and CEO of the National Association of Student Financial Aid Administrators, helps break down what this means for borrowers, institutions, parents, and the higher ed community as a whole. Tweet suggestions, links, and questions to @ACEducation or [email protected]. Here are some of the links and references from this week's show: Introduction: Biden Administration Issues Final Rule on Protections for 'Dreamers' Roll Call | Aug. 24, 2022 Stopgap Funding Bill Set to Dominate September Agenda  Roll Call | Sept. 6, 2022 U.S. News Dropped Columbia's Ranking, but Its Own Methods Are Now Questioned The New York Times (sub. req.) | Sept. 12, 2022  Conversation with Justin Draeger:  National Association of Student Financial Aid Administrators (NASFAA)  FACT SHEET: President Biden Announces Student Loan Relief for Borrowers Who Need It Most  The White House | Aug. 24, 2022 Parents and Graduate Students Officially Qualify for Biden's Student-Loan Forgiveness  Business Insider | Sept. 1, 2022  'I'm Drowning': Those Hit Hardest By Student Loan Debt Never Finished College  NPR | July 18, 2019  The Legal Dilemma on Student Debt Relief  Inside Higher Ed | Sept. 6, 2022  A Fresh Start for Federal Student Loan Borrowers in Default (Operation "Fresh Start")  Federal Student Aid Cardona's Vision for Higher Ed  Inside Higher Ed | Aug. 12, 2022  Ed to Focus on Student Debt, Institutional Accountability in Coming Year, Cardona Says  NASFAA | Jan. 28, 2022