student loans

A majority of the court's conservatives indicating great skepticism over the president's loan-forgiveness plan.

On Tuesday, the justices will hear expedited arguments in a challenge to the Biden plan brought by six states — Missouri, Nebraska, Iowa, Arkansas, Kansas and South Carolina.

Borrowers who say they were misled by their colleges have waited years for the federal government to review their claims. Wednesday's decision was a big win for them, but it's already been appealed.

The FAFSA isn't just for four-year universities — you can get help paying for technical and vocational school too. But in order to qualify for grants and scholarships, advisors say students should fill out the form as soon as possible.

The Eighth Circuit Court of Appeals issued the stay, ordering the Biden administration not to act on the program while it considers a motion from six Republican-led states to block loan cancellation.

"It's easy, it's fast," Biden said in a press conference announcing the launch, noting applications take less than 5 minutes and can be done on desktop or phone.

The administration has published its student loan relief application after testing a beta version of the form over the weekend.

In a letter to Biden, Republican governors say they support "making higher education more affordable" but don't want to "force American taxpayers to pay off the student loan debt of an elite few."

Federal data show that 2.6 million Floridians are paying back student loans. On average, borrowers owe more than $38,000.

President Biden announced a sweeping effort to forgive up to $20,000 of federal student loan debt for Pell Grant recipients, and up to $10,000 for other borrowers making under $125,000 a year.

Michael Odom attended a for-profit college that he thought would set him up with a solid career.

The 69-year-old Tampa Bay architect is dealing with more than $100,000 in debt.