U.S. to Cancel $6 Billion in Student Loans for 200,000 Defrauded Borrowers

Jumat, 24 Juni 2022 | 12:20 WIB
U.S. to Cancel $6 Billion in Student Loans for 200,000 Defrauded Borrowers
[ILUSTRASI. Students queue at Covid-19 testing facility at Universitas New York (NYU) in Manhattan, New York, U.S. (18/8/2020). REUTERS/Mike Segar]
Reporter: Sumber: Reuters | Editor: Thomas Hadiwinata

KONTAN.CO.ID - WASHINGTON, June 23 (Reuters) - The United States will cancel $6 billion in student loans for 200,000 borrowers who claimed they were defrauded by their colleges, the administration of U.S. President Joe Biden said.

A settlement agreement between the borrowers and the U.S. Department of Education was filed with the U.S. District Court for the Northern District of California on Wednesday and must be approved by a federal judge.

Student debt cancellation has become a priority for many liberals and one that could shore up popularity with younger and more highly-educated voters, who lean Democratic, before November's midterm congressional elections. Read full story

About 43 million Americans have federal student loan debt, according to educationdata.org.

Baca Juga: U.S. Complaints Against Airlines Soar as On-Time Arrivals Fall

The loans of those borrowers will be fully eliminated, and any payments they made will be refunded, according to the court filing of the settlement deal.

The lawsuit from borrowers had accused the administrations of Biden and former President Donald Trump of illegally delaying for years any action on the applications that borrowers had filed with the Education Department seeking debt relief.

In a statement on Thursday, Education Secretary Miguel Cardona described the settlement as "fair and equitable for all parties" and said it will deliver "billions of dollars of automatic relief" to the 200,000 borrowers.

The Project on Predatory Student Lending, which represents students across the U.S. in fighting against student debt, described the settlement as "momentous."

The Biden administration had previously approved $25 billion in student debt forgiveness for about 1.3 million borrowers.

Baca Juga: U.S. Fed Says Banks Can Weather Severe Downturn Comfortably

The administration had been reluctant to unilaterally make an unprecedented cancellation of college debt owned by the U.S. government. The president had instead earlier asked Congress to pass a bill forgiving debt that he could sign.

White House says canceling student loans wouldn't drive up inflation much.

White House says no decision made on student loan forgiveness.

Biden looks at student loan forgiveness but not $50,000.

U.S. forgives 40,000 student loans, provides aid to 3.6 million more.

Bagikan

Berita Terbaru

Jasa Armada (IPCM) Incar Peluang Kontrak di Luar Pelindo Group
| Rabu, 10 September 2025 | 10:15 WIB

Jasa Armada (IPCM) Incar Peluang Kontrak di Luar Pelindo Group

Peluang pasar bagi IPCM masih sangat besar, lantaran jasa pemanduan dan penundaan kapal dibutuhkan untuk mendukung aktivitas pelabuhan.

Saham KLBF Terus Melorot, Proyeksi Kinerja Kalbe Farma Betulan Sudah tak Berotot?
| Rabu, 10 September 2025 | 09:38 WIB

Saham KLBF Terus Melorot, Proyeksi Kinerja Kalbe Farma Betulan Sudah tak Berotot?

Segmen nutrisi PT Kalbe Farma Tbk (KLBF) masih membutuhkan waktu yang lebih panjang untuk kembali pulih.

Saham ASSA Tetap Melaju Saat Pasar Modal Bereaksi Negatif Terhadap Reshuffle Kabinet
| Rabu, 10 September 2025 | 09:24 WIB

Saham ASSA Tetap Melaju Saat Pasar Modal Bereaksi Negatif Terhadap Reshuffle Kabinet

Bisnis logistik melalui AnterAja dan penjualan mobil bekas tetap menjadi motor kinerja PT Adi Sarana Armada Tbk (ASSA).

Simak Prospek Saham NCKL Ditengah Ekspansi Pembangunan Smelter
| Rabu, 10 September 2025 | 09:20 WIB

Simak Prospek Saham NCKL Ditengah Ekspansi Pembangunan Smelter

Selain proyek KPS, PT Trimegah Bangun Persada Tbk (NCKL) juga tengah mengembangkan tambang Gane Tambang Sentosa (GTS).

Investasi Menjulang Tapi Jumlah Pembukaan Lapangan Kerja Menurun
| Rabu, 10 September 2025 | 09:00 WIB

Investasi Menjulang Tapi Jumlah Pembukaan Lapangan Kerja Menurun

Pasca pandemi Covid-19, perekonomian tumbuh 5% sedangkan upah riil justru stagnan dan hanya tumbuh 1,2%. 

Kebijakan Negara Dinilai Perburuk Hidup Masyarakat
| Rabu, 10 September 2025 | 08:47 WIB

Kebijakan Negara Dinilai Perburuk Hidup Masyarakat

Di dalam negeri terjadi penurunan kualitas hidup masyarakat yang dinilai terjadi secara masif dan sistemik.

Konglomerasi Mengincar Bisnis Panas Bumi
| Rabu, 10 September 2025 | 08:43 WIB

Konglomerasi Mengincar Bisnis Panas Bumi

Menggarap bisnis energi panas bumi, PT Dian Swastatika Sentosa Tbk (DSSA) menjalin kerja sama dengan perusahaan energi terbarukan dari Filipina

Kejar Target Marketing Sales, Pantai Indah Kapuk Dua (PANI) Geber Percepatan Proyek
| Rabu, 10 September 2025 | 08:37 WIB

Kejar Target Marketing Sales, Pantai Indah Kapuk Dua (PANI) Geber Percepatan Proyek

Hingga semester I-2025, PANI baru mencatat marketing sales Rp 1,2 triliun atau sekitar 22% dari target tahun ini. ​

Investasi di KEK Dinilai Masih Rendah
| Rabu, 10 September 2025 | 08:36 WIB

Investasi di KEK Dinilai Masih Rendah

Investasi di Kawasan Ekonomi Khusus (KEK) periode 2012 hingga semester I-2025 tecatat sebesar Rp 294,4 triliun

Impact Pratama Industri (IMPC) Bersiap Gelar Private Placement
| Rabu, 10 September 2025 | 08:32 WIB

Impact Pratama Industri (IMPC) Bersiap Gelar Private Placement

Aksi korporasi ini sudah disetujui Rapat Umum Pemegang Saham Luar Biasa PT Impact Pratama Industri Tbk (IMPC) pada 20 Mei 2024. 

INDEKS BERITA