These two types of student loans aren't eligible for forgiveness, new guidance says
CBSN
The Biden administration has changed its guidance to eliminate some student loans from eligibility for forgiveness, a major reversal as the Department of Education makes final preparations to launch debt relief applications.
As of Thursday, borrowers with student loans through the Federal Family Education Loan (FFEL) program and Perkins Loans who have not already consolidated their debt into direct loans will now no longer be able to do so and are no longer eligible for federal debt relief, the Education Department now says. Those programs, though federally guaranteed, are held by private institutions. Borrowers with FFEL and Perkins Loans who applied to consolidate in the direct loan program before Thursday are still eligible for debt relief.
At this point, the Education Department "is assessing whether there are alternative pathways to provide relief to borrowers with federal student loans not held by ED, including FFEL Program loans and Perkins Loans, and is discussing this with private lenders," the department says on its website.
Supreme Court to weigh constitutionality today of anti-camping ordinances in major homelessness case
Washington — The Supreme Court is convening Monday to hear arguments in a dispute over whether laws that ban public camping violate the Constitution's prohibition on cruel and unusual punishment.
Opening statements are set to begin this morning in former President Donald Trump's criminal trial in New York. Prosecutors will begin laying out their case for jurors, alleging Trump falsified business records to cover up a "hush money" payment during his 2016 campaign, while defense attorneys are expected to argue Trump has been charged on flimsy evidence from an untrustworthy key witness.