President Biden's plan to forgive hundreds of billions of dollars in student debt will help millions – but it's also raising concerns about inflation, economic fairness and college tuition costs.
Students affected do not have to take any further action to secure their funds, and the Department of Education will begin notifying those students soon, the agency said.
Spiegel and Kerr, who have been married since 2017, gave the commencement speech and got honorary degrees from Otis College of Art and Design. Then they surprised graduates with a gift of their own.
Congress hit pause on federal student loan payments in the CARES Act. The latest extension of this relief will last until after President-elect Joe Biden takes office.
The president-elect called for immediate action to help borrowers who are "having to make choices between paying their student loan and paying the rent."