Here's what to know about Trump and the future of student loan relief
President-elect Donald Trump has called the Biden administration's student loan relief efforts a "total catastrophe."
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President-elect Donald Trump has called the Biden administration's student loan relief efforts a "total catastrophe."
The 12-month grace period for student loan borrowers ended Sept. 30. The "on-ramp" period helped borrowers struggling to make payments avoid the risk of defaulting and hurting their credit score.
About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
This round of Biden's student loan forgiveness proposals targets the interest that adds up over time on student loans.
Borrowers who took out $12,000 or less in loans and have been in repayment for at least 10 years could get their debt erased.
This latest $4.8 billion in relief brings the grand total of approved debt cancellation by the administration to $132 billion for over 3.6 million Americans.
The number of people seeking help on the platform to pay student loans has exploded over the last year, the crowdfunding site says.
As student loan repayments restart in October, the Biden administration said 125,000 people with student loans will have their debt erased.
Student loan borrowers facing problems with their servicer shouldn't have to repay their debt until the issues are resolved, 19 state attorneys general say.
Michigan officials say the website will include tips, resources, and assistance to student loan borrowers.
Americans with student loan debt need to begin repaying their loans again after a hiatus of more than three years.
Scammers are seizing on "chaos and confusion" ahead of the resumption of student loan repayments, one expert warned.
Biden administration officials say the new federal program could cut monthly loan payments for 20 million people.
After a three-year hiatus, interest on student loans begins piling up again on Friday, with payments due in October.
Some borrowers who had enrolled in income-driven repayment plans will start getting their debt discharged this week.
Only one-third of borrowers are aware that loan repayments will restart in October, a new survey found.
Many graduates aren't earning enough to even pay down their interest, causing loans to snowball.
The new income-driven repayment plan could cut borrowers' monthly payments in half, while some could see their monthly payments go down to $0.
"We'll use every tool at our disposal to get you the student debt relief you need to reach your dreams," President Biden said.
The debt ceiling deal includes a provision to end the pandemic-related federal student loan payment pause
Some education experts see the plan as a more powerful tool to make college affordable than the proposal to slash or eliminate student debt for 40 million Americans, which is before the Supreme Court.
Maksym and Alla Kondratenko ran a successful handbag business when the war with Russia started. Their warehouse was bombed, and after living in a war zone for months, they decided to flee to the United States.
This is the 14th year Menorah in the D has taken place in downtown Detroit, and organizers said they hope this tradition continues to grow year after year.
Authorities say the structure was deemed "uninhabitable," and they were working with displaced families.
Toy stores and the toy industry are warning that Trump's pledge to add tariffs to Chinese imports could harm their businesses.
Alla and Maksym Kondratenko moved to the Ann Arbor area as refugees from Ukraine months after Russian forces invaded the country in 2022.
A suspect was taken into custody, and a gun was recovered from the scene, authorities say.
Maksym and Alla Kondratenko ran a successful handbag business when the war with Russia started. Their warehouse was bombed, and after living in a war zone for months, they decided to flee to the United States.
This is the 14th year Menorah in the D has taken place in downtown Detroit, and organizers said they hope this tradition continues to grow year after year.
Authorities say the structure was deemed "uninhabitable," and they were working with displaced families.
NORAD, the North American Aerospace Command, is tracking Santa on his trip around the world this Christmas, so children and families can see where he is right now.
Motorists in Metro Detroit are filling up for an average of $3.06 per gallon.
Organizers announced earlier this year that the show was returning to its traditional January slot after taking place in the fall in recent years.
The grants are in addition to the $1.8 million that Stellantis provided for home repairs to 120 homeowners on the east side in 2020 and 2021.
Troubled automaker Stellantis has decided that its Ram brand needs its own executive, so it is bringing back an executive who retired this year when CEO Carlos Tavares was still running the company.
In Metro Detroit, gas prices continue to fall. Motorists are filling up for an average of $2.96 per gallon.
Michigan Central is continuing its celebration of its reopening during the holiday season.
The appeal had asked the court to reinstate charges, including involuntary manslaughter, against Alec Baldwin.
The lawsuit lays out Blake Lively's allegations against Justin Baldoni during their time working on "It Ends with Us."
The duo will host their podcast at 8 p.m. on March 28 at the Fox Theatre.
The New York Times named the Lebanese Sundae at Leila and the ham sandwich at Mike's Famous Ham Place as two of "The 26 Best Dishes We Ate Across the U.S. in 2024."
Toy stores and the toy industry are warning that Trump's pledge to add tariffs to Chinese imports could harm their businesses.
Alla and Maksym Kondratenko moved to the Ann Arbor area as refugees from Ukraine months after Russian forces invaded the country in 2022.
Agents found 30 brick-like packages of cocaine inside the backpacks, located in a wooded area in Washington near the U.S. border with Canada.
A voluntary recall was issued for a line of raw and frozen pet food after a cat died of bird flu.
President Biden signed legislation Christmas Eve to make the bald eagle officially the U.S. national bird.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
Health officials say the number of cases has already surpassed 1,500, 2.5 times more than in 2019.
Wayne County is erasing $27 million in medical debt for more than 46,000 county residents.
Republicans wants to extend 2017 tax cuts that expire next year and could let ACA subsidies lapse to help pay the tab, according to analysts.
A court in Hazel Park is aiming to treat people with substance abuse while keeping them out of prison.
Jake Bates was standing on the turf in his hometown of Houston when asked to reflect on an unlikely journey from learning how to sell bricks to making game-winning kicks for the Detroit Lions.
The Detroit Lions watched Washington beat Philadelphia on their cellphones following a 34-17 bounce-back win at Chicago that helped them keep pace with Minnesota in the race for the NFC North title and top seeding in the conference.
Jared Goff and the Detroit Lions borrowed from Jordan Love and the Green Bay Packers to trick the Chicago Bears on Sunday.
Cade Cunningham scored 28 points and had 13 assists, Jalen Duren added 17 points and 11 rebounds and the Detroit Pistons beat the Phoenix Suns 133-125.
Quarterback Jared Goff threw three touchdown passes and the Detroit Lions easily dispatched the Chicago Bears 34-17 Sunday afternoon.
Kid Rock was so impressed with the care his dad received, that he donated to BAMF Health through his foundation which has helped numerous causes including those tied to veterans, small businesses and more.
Mary Tyler Moore turned the world on with her megawatt smile as she starred in the iconic "Dick Van Dyke" and "Mary Tyler Moore" shows a generation ago.
The roundtable talked politics and focused on blockbuster news that Detroit Mayor Mike Duggan would run for governor in 2026 but as an independent candidate.
President-elect Donald Trump campaigned with talk of ending the $7,500 electric vehicle tax credit which has helped fuel sales.
The 98th Annual America's Thanksgiving Parade will roll through the streets of downtown Detroit this Thursday, with hundreds of thousands lining Woodward Avenue as six new floats make their debut.
Much warmer for weekend.
Maksym and Alla Kondratenko ran a successful handbag business and had two small children when the war with Russia started. Their warehouse was bombed and after living in a war zone for months, they decided to flee to the United States.
It's the first time since 2005 that the first night of Hanukkah falls on Christmas, and there were celebrations all throughout the area. For over a decade, Metro Detroit's Jewish community has come together at Campus Martius on the first night of Hanukkah for Menorah in the D. This is the 14th year Menorah in the D has taken place in downtown Detroit, and organizers said they hope this tradition continues to grow year after year.
Alla and Maksym Kondratenko moved to the Ann Arbor area two years ago with their young son Davyd and their then-infant daughter Daiana. They came to the U.S. as refugees from Ukraine months after Russian forces invaded the country in 2022.
Warmer air builds through the weekend ahead.