In Iowa, student loan borrowers say they may have to increase their income, decrease their expenses, or request deferrments on their student loan payments after the U.S. Supreme Court on Friday killed President Joe Biden’s plan to cancel or reduce federal student loan debt for millions of Americans.
A sharply divided Supreme Court ruled Friday that the Biden administration overstepped its authority in trying to cancel or reduce student loans for millions of Americans.
After three-year pause in payments, borrowers should be better positioned to pay off their loans, Iowa State economist says
Iowa U.S. Sen. Chuck Grassley told reporters he is still on the fence over a deal to raise the nation’s debt ceiling to avoid a destructive default.
A change in the federal student aid formula could mean lower levels of financial aid for children whose parents run family farms or small businesses. Currently, a family with an adjusted gross income of $60,000 and a farm worth $1 million would be expected to contribute $7,626 annually for college. Under the new formula, that same family would be expected to contribute $41,056.
The department has approved 16 million applications nationwide, assuring borrowers the administration will discharge the debt if it prevails in court.
With the commencement of the legislative session in the Iowa Statehouse, the debate over one of its focal issues, education …
The Fact Checker looks into Rep. Ashley Hinson’s claims on the cost of the student loan payment pause and whether President Biden’s action to extend the pause will drive inflation higher.
Administration argues Americas will face financial strain if the plan remains stalled in court when loan payments are scheduled to restart in January.
President Joe Biden's plan to forgive student loan debt for millions of borrowers lost another battle in court on Monday when a federal appeals court panel agreed to a preliminary injunction halting the program while an appeal plays out.
District Court Judge Mark Pittman, an appointee of former President Donald Trump based in Fort Worth, said Thursday the program usurped Congress' power to make laws.
Iowa Republican U.S. Rep. Ashley Hinson criticized President Joe Biden's decision to tap the Strategic Petroleum Reserve instead of ramping up domestic energy production to tame gas prices.
President Joe Biden officially kicked off the application process for his student debt cancellation program -- despite lawsuits including one from Iowa.
The states of Iowa, Kansas, Missouri, Nebraska and South Carolina joined Arkansas in filing the lawsuit. Iowa has a Democratic attorney general, but the state's Republican governor, Kim Reynolds, signed on the state's behalf.
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