Student loans Coverage

Takeaways from the Supreme Court oral arguments in cases challenging Biden's student debt relief plan

The Supreme Court on Tuesday heard oral arguments in two challenges to President Joe Biden's student debt relief plan, with several conservative justices appearing skeptical of the government's authority to discharge millions of dollars in federally held loans.

By Tierney Sneed and Devan Cole, CNN

Fact check: Biden says Congress supported student debt forgiveness plan

Speaking during a televised forum sponsored by Now This, a liberal online media outlet, President Biden said student loan forgiveness is "passed. I got it passed by a vote or two. And it's in effect." PolitiFact checks his claim.

Louis Jacobson, PolitiFact reporter

Student loan forgiveness program spawns scams

The Biden administration's student loan forgiveness plan is not only attracting criticism but scammers too. They are promising far more financial forgiveness than what is possible and using detailed information to trick victims into believing that they're legitimate.

Student loan forgiveness applications now open through beta mode website, Biden administration says

The Biden administration has opened the application process for Americans seeking student debt relief in a beta period starting Friday evening, officials told CNN, allowing applicants to begin signing up before the website is formally unveiled later this month.

By Betsy Klein, CNN

Biden's Student Debt Plan Attracts Lawsuits, Scams and Confusion

WASHINGTON -- President Joe Biden's program to erase large amounts of student loan debt attracted criticism immediately after it was announced in August and, more recently, several lawsuits. Scammers have targeted borrowers. The administration has reduced the number of people eligible for forgiveness.

Katie Rogers, New York Times

How they voted: NC congressional votes for the week ending Sept. 22

From religious freedom and law enforcement measures to immigrants and jobs. Here's a look at how North Carolina members of Congress voted over the previous week.

Targeted News Service

Editorial: Health and tax fairness sacrificed to play political games

Friday, Sept. 23, 2022 -- State leaders should look for and seize opportunities that help the lives of ALL North Carolinians rather than play political games and help those with the greatest access to power. It is no game and failure to provide concern for all North Carolinians is a real life and death matter.

Key NC leader: No plan to excuse state taxes on forgiven student loans

Forgiven debt is taxable under North Carolina law. Gov. Roy Cooper has called on the state legislature to waive that for student loans, but the state's Republican Senate leader says no.

Travis Fain, WRAL state government reporter

Cooper: Don't tax forgiven student loan debt

Federal income tax won't be charged on forgiven student loan debt but, for now, NC state taxes will be. The governor wants the legislature to change that.

Travis Fain, WRAL state government reporter

Fact check: Do top universities have billion dollar untaxed endowments?

"Harvard is sitting on top of a $54 BILLION hedge fund they call an 'endowment' that they pay zero taxes on," tweeted Charlie Kirk, the founder of the conservative nonprofit Turning Point USA. PolitiFact checks his claim.

Madison Czopek, PolitiFact reporter

Editorial: If a tax break is good for N.C. corporations, don't treat student loans differently

Tuesday, Sept. 6, 2022 -- This is a state legislature that's never seen a corporate tax cut it didn't embrace. It wasted little time to link to federal tax codes to exempt those businesses from state taxes on millions they got in federal Paycheck Protection Program (PPP) dollars. It should act with the same dispatch to extend the same break to those with student loans.

'I am more than grateful:' Millions of Americans over 50 may benefit from Biden's student loan forgiveness plan

If it weren't for her student loan debt, Lark Abelson would already be retired.

By Katie Lobosco and Tami Luhby, CNN

Checking claims about student loan forgiveness

A television ad by the American Action Network, a conservative, nonprofit advocacy organization, instructs viewers to "tell Congress, stop Biden's bailout for rich kids." PolitiFact checks that description.

Fact check: Is Biden's student loan forgiveness plan a 'bailout for rich kids?'

A television ad by the American Action Network, a conservative, nonprofit advocacy organization, instructs viewers to "tell Congress, stop Biden's bailout for rich kids." PolitiFact checks that description.

Tom Kertscher, PolitiFact reporter

Warning about student loan forgiveness scams

Less than a week since President Biden announced his student loan forgiveness plan -- and already there are reports of scam attempts. Since the program hasn't started yet, it's a big red flag if anyone contacts you about it.

Red flags: Student loan debt forgiveness scams already being reported

New warnings about scammers trying to take advantage of the student loan forgiveness plan.

Keely Arthur, WRAL 5 On Your Side reporter

What You Need to Know About Biden’s Student Loan Forgiveness Plan

President Joe Biden on Wednesday announced that the federal government would cancel up to $20,000 worth of federal student loans for millions of people. But not everyone with debt will qualify.

Ron Lieber and Tara Siegel Bernard, New York Times

Biden's student loan forgiveness plan sparks mixed reaction

More than 40 million Americans could see their student loan debt reduced -- and in many cases eliminated -- under the long-awaited forgiveness plan.

How to get retroactive student loan forgiveness

For the most part, folks who already paid off their loans will not receive any retroactive reimbursement. However, individuals who paid their loans during pandemic-prompted moratorium, which started on March 13, 2020 and is still going on, can get a refund.

Already paid off your student loans? How to still get forgiveness

For the most part, folks who already paid off their loans will not receive any retroactive reimbursement. However, individuals who paid their loans during pandemic-prompted moratorium, which started on March 13, 2020 and is still going on, can get a refund.

Keely Arthur, WRAL 5 on Your Side reporter

Student loan forgiveness could help more than 40 million

More than 40 million Americans could see their student loan debt reduced -- and in many cases eliminated -- under the long-awaited forgiveness plan President Joe Biden announced Wednesday, a historic but politically divisive move in the run-up to the midterm elections.

By COLLIN BINKLEY, SEUNG MIN KIM and CHRIS MEGERIAN, Associated Press & ADAM OWENS, WRAL

Your student loan forgiveness questions answered

Student loan debt will likely be wiped away for hundreds of thousands of North Carolinians. WRAL's 5 On Your Side is here to answer some of the most common questions.

Keely Arthur, 5 On Your Side reporter

Frequently asked questions: Biden's student loan forgiveness proposal

Student loan debt will likely be wiped away for hundreds of thousands of North Carolinians. WRAL's 5 On Your Side is here to answer some of the most common questions.

With average NC student debt nearly $40,000, local students react to loan forgiveness

WRAL News visited the campus of North Carolina Central University just after news broke to capture reactions from the students - 85% of which are using some form of financial aid.

Sarah Kreuger, WRAL Durham reporter

Expert discusses potential student loan forgiveness impact on NC borrowers

President Joe Biden on Wednesday is set to announce his long-delayed move to forgive up to $10,000 in federal student loans for many Americans and extend a pause on payments to January, according to three people familiar with the plan.