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Student Loans
Fast Facts about how student debt relief will be applied for borrowers with multiple loans
Education
How student debt relief will be applied to borrowers with multiple loans
If you have multiple student loans of the same type, those with the highest interest rate will be forgiven first under the Biden administration’s debt relief plan.
Student Loans
Yes, a change to the student loan forgiveness plan excludes some borrowers from relief
Some borrowers with privately held federal student loans are no longer eligible for debt relief if they didn’t apply to consolidate them before Sept. 29, 2022.
Education
Yes, University of Idaho told staff they could be fired and charged for promoting abortion, contraception
The University of Idaho is urging staff members to “remain neutral” in discussions about abortion and avoid promoting contraception in response to state laws.
Health
Yes, the University of Idaho told staff they could be fired or charged for promoting abortion, contraception
The University of Idaho is urging staff members to “remain neutral” in discussions about abortion and avoid promoting contraception in response to state laws.
Education
Yes, at least 94% of teachers report paying for school supplies out of pocket
“I've never known a teacher who didn't spend money. It absolutely is the norm. And sometimes, it is the expectation,” D.C. teacher Dominique Foster told VERIFY.
In Focus
Yes, at least 94% of teachers say they pay for school supplies out of pocket
“I've never known a teacher who didn't spend money. It absolutely is the norm. And sometimes, it is the expectation,” D.C. teacher Dominique Foster told VERIFY.
Education
You won’t have to pay federal taxes on student debt relief, but states could tax it as income
Many VERIFY readers asked if student loan forgiveness will be taxed. You won’t have to pay federal taxes on forgiven loans, but states could tax it as income.
Student Loans
No, the president cannot permanently change student loan interest rates
Federal law gives Congress the authority to set federal student loan interest rates, not the president. That means Biden cannot make interest rate changes permanent.
Taxes
No, the average taxpayer will not have to pay $2,100 to cover the cost of the student loan forgiveness program
No, the average taxpayer will not have to pay $2,100 to cover the cost of the student loan forgiveness program
Student Loans
Yes, Parent PLUS loans are eligible for debt forgiveness
We answer common questions from VERIFY readers about how the Biden administration’s student debt forgiveness plan applies to Parent PLUS loans.
Education
Yes, those who took out Parent PLUS loans are eligible for debt forgiveness
We answer common questions from VERIFY readers about how the Biden administration’s student debt forgiveness plan applies to Parent PLUS loans.
Education
How student debt relief will be applied to borrowers with multiple loans
If you have multiple student loans of the same type, those with the highest interest rate will be forgiven first under the Biden administration’s debt relief plan.
Student Loans
Yes, a change to the student loan forgiveness plan excludes some borrowers from relief
Some borrowers with privately held federal student loans are no longer eligible for debt relief if they didn’t apply to consolidate them before Sept. 29, 2022.
Education
Yes, University of Idaho told staff they could be fired and charged for promoting abortion, contraception
The University of Idaho is urging staff members to “remain neutral” in discussions about abortion and avoid promoting contraception in response to state laws.
Health
Yes, the University of Idaho told staff they could be fired or charged for promoting abortion, contraception
The University of Idaho is urging staff members to “remain neutral” in discussions about abortion and avoid promoting contraception in response to state laws.
Education
Yes, at least 94% of teachers report paying for school supplies out of pocket
“I've never known a teacher who didn't spend money. It absolutely is the norm. And sometimes, it is the expectation,” D.C. teacher Dominique Foster told VERIFY.
In Focus
Yes, at least 94% of teachers say they pay for school supplies out of pocket
“I've never known a teacher who didn't spend money. It absolutely is the norm. And sometimes, it is the expectation,” D.C. teacher Dominique Foster told VERIFY.
Education
You won’t have to pay federal taxes on student debt relief, but states could tax it as income
Many VERIFY readers asked if student loan forgiveness will be taxed. You won’t have to pay federal taxes on forgiven loans, but states could tax it as income.
Student Loans
No, the president cannot permanently change student loan interest rates
Federal law gives Congress the authority to set federal student loan interest rates, not the president. That means Biden cannot make interest rate changes permanent.
Taxes
No, the average taxpayer will not have to pay $2,100 to cover the cost of the student loan forgiveness program
No, the average taxpayer will not have to pay $2,100 to cover the cost of the student loan forgiveness program
Student Loans
Yes, Parent PLUS loans are eligible for debt forgiveness
We answer common questions from VERIFY readers about how the Biden administration’s student debt forgiveness plan applies to Parent PLUS loans.
Education
Yes, those who took out Parent PLUS loans are eligible for debt forgiveness
We answer common questions from VERIFY readers about how the Biden administration’s student debt forgiveness plan applies to Parent PLUS loans.
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