Biden to cancel student loan debt up to $20,000 for millions of borrowers - Newstrends
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Biden to cancel student loan debt up to $20,000 for millions of borrowers

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U.S. President Joe Biden

People who took out federal student loans to pay for their college education, and who make less than $125,000 a year, will be off the hook for up to $10,000 in debt under President Joe Biden’s latest order to curb the growing student debt crisis.

One week before the end of a moratorium on payments and interest, the Biden administration has announced that $10,000 in debts will be canceled for millions of borrowers, and the pandemic-era pause on payments — which has been extended seven times over the last two years – will continue through 31 December.

Recipients of Pell grants — a government programme initially meant to support lower-income students from having to pay for college, but has only made a dent in tuition at many schools as higher education costs have exploded — will be eligible to have up to $20,000 in debts canceled in what administration officials described as a targeted measure meant to ensure that borrowers from lower-wealth backgrounds receive the greatest amount of relief.

The president will announce the relief plan in remarks on Wednesday afternoon.

Roughly 43 million federal student loan borrowers will be eligible for relief, including 20 million who are eligible to have their debts canceled completely, according to a senior White House official who briefed reporters on Mr Biden’s plans.

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The White House estimates that the vast majority of relief through the administration’s latest maneuver will go to people with annual incomes of less than $75,000, and that 45 per cent of student loan borrowers will have their debts completely eliminated under Mr Biden’s proposal.

“It is really hard to overstate how significant this is for America’s middle class and for our economy,” said the official, who spoke on condition of anonymity. “This announcement will help people who by and large came from working families and are working class now.”

Mr Biden will also announce a proposal to cut the amount of discretionary income used to calculate payments made as part of income-driven repayment plans from 10 per cent of discretionary monthly income to 5 per cent.

“For example, a typical single construction worker making $38,000 a year with a construction management credential would pay only $31 a month, compared to the $147 they pay now under the most recent income driven repayment plan that would give them an annual savings of nearly $1,400,” according to the official, who added that borrowers will be allowed to permit the Department of Education to automatically access their income tax information so they will not have to rectify their income each year.

“Once a borrower is enrolled, it will be much easier to stay enrolled and receive credit that they’re due,” the official said.

Mr Biden’s announcement fulfills a campaign-trail promise he made more than two years ago when he pledged that he would cancel $10,000 in student loan debt per borrower if elected, though debt relief advocates and progressive lawmakers have urged him to cancel all debts and reject means-testing barriers in broad relief measures.

In November 2020, the president called on Congress to “immediately” provide some relief for millions of borrowers saddled by growing debt.

“[Student debt is] holding people up,” he said at the time. “They’re in real trouble. They’re having to make choices between paying their student loan and paying the rent.”

More than 40 million Americans hold roughly $1.9 trillion in student loan debt, most of which is wrapped up in federal loans. The average balance is $37,667, according to the Education Data Initiative.

Since March 2020, with congressional passage of the CARES Act, most borrowers have not had to make monthly payments on their student loan debt, with interest rates set at zero per cent. That pause has been extended seven times, including four times by President Biden, most recently in April.

The Independent

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Five Arrested Near US-Used RAF Fairford in UK Terror Probe

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Five Arrested Near US-Used RAF Fairford in UK Terror Probe

Five Arrested Near US-Used RAF Fairford in UK Terror Probe

British police have arrested five men near RAF Fairford in Gloucestershire over suspected explosives offences, with the suspects subsequently detained on suspicion of preparing a terrorist act.

The arrests followed a report at about 12:45 a.m. on Sunday, September 27, 2026, concerning three suspicious vehicles that appeared to be travelling towards the air base. Armed officers responded and arrested the five men in the nearby Whelford area.

According to Counter Terrorism Policing, the men were initially arrested on suspicion of offences under the Explosives Act before being further arrested on suspicion of preparing a terrorist act contrary to Section 5 of the Terrorism Act. All five remained in custody as investigators continued gathering evidence.

The incident prompted authorities to declare a major incident, with about 85 households evacuated from Whelford as a precaution.

The evacuated residents were taken to a nearby leisure centre while police established a cordon around the vehicles. The Army’s specialist explosive ordnance disposal team was deployed to examine the vehicles and assess any potential threat.

Counter Terrorism Policing said the investigation was still in its early stages and that officers were working with Gloucestershire Police and other agencies to establish the circumstances surrounding the incident.

Police have not publicly confirmed that an attack on RAF Fairford was planned or that the suspects had entered the military installation. Investigators are examining why the vehicles were in the area and what materials, if any, were associated with them.

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The investigation is particularly significant because RAF Fairford is a British military air base used by the United States Air Force. The installation hosts US military personnel and has been used by American aircraft during operations connected with the conflict involving Iran.

The US Air Force said its personnel at Fairford remained vigilant but declined to disclose specific force-protection measures for operational security reasons.

The security operation involved armed police, roadblocks and specialist bomb-disposal personnel. A 400-metre cordon was established around the vehicles while the evacuation was carried out.

Investigators are expected to examine the vehicles, materials and other evidence recovered during the operation as they seek to establish whether there was a planned attack and, if so, its intended target and motive.

The arrests have drawn additional attention because of heightened security around US military installations in Britain. RAF Fairford has become strategically important because of its use by US forces during the conflict involving Iran.

However, British authorities have not publicly linked the five suspects to Iran, any other state or a particular extremist organisation. Any claims about their motive or intended target remain subject to investigation.

The US military has said it remains in close coordination with British authorities and continues to take appropriate measures to protect its personnel and facilities.

British officials have said the incident is believed to be contained, although a substantial security presence is expected to remain in the area while investigators complete their work.

Deputy Assistant Commissioner Vicki Evans, the UK Counter Terrorism Policing senior national coordinator, said investigators were still working to establish what happened.

The five men remain in custody and have not been convicted of any offence. The allegations against them will have to be tested through the British legal process as the UK counter-terrorism investigation continues.

Five Arrested Near US-Used RAF Fairford in UK Terror Probe

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Iran Claims Capture of Second US Underwater Drone in Strait of Hormuz

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Iran Claims Capture of Second US Underwater Drone in Strait of Hormuz

Iran Claims Capture of Second US Underwater Drone in Strait of Hormuz

Iran’s Islamic Revolutionary Guard Corps (IRGC) has claimed that its naval forces captured a second U.S. unmanned underwater vehicle in the strategically important Strait of Hormuz, accusing the vehicle of conducting surveillance activities in the waterway.

The IRGC Navy said on Sunday, September 27, that the Remus 600 autonomous underwater vehicle was intercepted during what it described as a complex operation involving intelligence capabilities and electronic warfare.

According to the Iranian military, the vehicle was operating in the Strait of Hormuz for what it described as espionage purposes when it was captured.

The IRGC said the underwater drone has been handed over to specialists who are working to retrieve and examine information stored on the system. (Arab News)

The claim represents the second reported Iranian capture of a U.S. underwater drone in September, following an earlier incident involving a much larger Dive-LD autonomous underwater vehicle.

On September 8, Iran said its forces had captured the Dive-LD at the entrance to the Strait of Hormuz. The IRGC subsequently released images of the vehicle and described it as an advanced U.S. military unmanned submarine.

The U.S. military acknowledged around that time that one of its underwater drones had malfunctioned while operating in regional waters but did not publicly confirm that Iran had captured it. Reuters footage from the incident showed the vehicle identified by Iran as a Dive-LD. (Reuters Connect)

The latest vehicle, the Remus 600, is substantially smaller than the Dive-LD. It is an autonomous underwater system designed to operate without a crew and can be configured for a range of underwater missions.

Available technical information indicates that the Remus 600 can operate at depths of up to about 600 metres and can remain underwater for extended periods, depending on its configuration and operating conditions.

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The system can be equipped for missions including seabed mapping, mine detection and intelligence, surveillance and reconnaissance (ISR). Its modular design also allows different sensors and equipment to be fitted according to mission requirements.

Reports indicate that the vehicle is about 3.25 metres long and can operate autonomously for up to about 70 hours on a single charge, although actual endurance depends on mission configuration and conditions. (Seoul Economic Daily)

Iran’s latest announcement comes amid heightened military tensions surrounding the Strait of Hormuz, a narrow waterway connecting the Persian Gulf with the Gulf of Oman.

The strait is strategically important to global energy markets because of the large volume of oil and gas shipments that traditionally pass through it.

The ongoing conflict in the region has severely disrupted commercial shipping through the waterway. Iran has said it considers the strait closed and has warned against what it describes as dangerous or unauthorised activity.

In its latest statement, the IRGC again declared the Strait of Hormuz closed and said it would respond to what it considers dangerous movements or unauthorised passage. (ایرنا)

The United States has not publicly provided a detailed account of the latest alleged seizure, leaving important questions about the circumstances of the incident unresolved.

In particular, it remains unclear when and where the Remus 600 was deployed, what mission it was conducting, whether it was operating under direct U.S. military control at the time and how Iranian forces allegedly took possession of it.

Iran’s assertion that the vehicle was conducting espionage also remains an Iranian military claim and has not been independently established.

The seizure claim nevertheless highlights the growing importance of autonomous underwater vehicles in modern military and maritime operations.

Such systems can conduct surveillance, map underwater terrain, detect mines and gather information without placing personnel aboard a conventional submarine.

The reported Iranian effort to retrieve data from the Remus 600 could also provide Tehran with an opportunity to examine the vehicle’s sensors, navigation systems and other technologies if the equipment is intact.

The significance of any information Iran could obtain from the system would depend on the condition of the vehicle and the amount of recoverable data and technology.

The latest development comes as Iran-US tensions remain high over the Strait of Hormuz, with Tehran and Washington pursuing opposing positions on access to the waterway.

For now, the capture of the Remus 600 remains a claim by Iran, while the absence of a detailed U.S. account means that several aspects of the incident cannot yet be independently confirmed.

Iran Claims Capture of Second US Underwater Drone in Strait of Hormuz

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Milei Slams UN as ‘Useless’ Over Falklands Dispute

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Argentine President Javier Milei

Milei Slams UN as ‘Useless’ Over Falklands Dispute

Argentine President Javier Milei has criticised the United Nations, describing the organisation as “useless” and accusing it of failing to make progress on the longstanding Falkland Islands sovereignty dispute between Argentina and the United Kingdom.

Milei made the remarks on Wednesday, September 23, while addressing the 81st United Nations General Assembly in New York. He used the speech to renew Argentina’s claim to the islands, which Argentina calls the Malvinas, and demand a peaceful resolution to the dispute.

The Argentine president accused the UN of failing to act on resolutions concerning the Falklands and said the organisation had effectively “looked the other way” while the dispute remained unresolved.

Milei pointed particularly to UN General Assembly Resolution 31/49, adopted in 1976, which called on Argentina and the UK to refrain from unilateral actions that could complicate the sovereignty dispute while negotiations continued. The UN has repeatedly called on both countries to pursue negotiations for a peaceful and lasting settlement.

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The dispute has gained fresh attention amid tensions over offshore oil exploration around the Falkland Islands. Argentina has objected to British-backed oil activities in the area and recently introduced measures aimed at increasing sanctions against companies involved in activities it considers unauthorised.

The UK, however, maintains that the Falkland Islands are British and says the islanders have the right to determine their own future and develop their natural resources. The British government has also rejected Argentine pressure on companies involved in economic activities around the islands.

Milei reaffirmed Argentina’s position that the Falklands are Argentine territory and called for the UK to return to negotiations. He stressed that Argentina’s claim would be pursued peacefully.

The disagreement over the islands dates back decades and led to the Falklands War in 1982, when Argentina invaded the territory and Britain sent military forces to retake it. The conflict ended with Argentina’s surrender after about 10 weeks.

The islands have remained under British administration since then, while Argentina has continued to press its sovereignty claim through diplomatic and international channels.

Beyond the Falklands dispute, Milei used his UN address to criticise the organisation’s broader role in international affairs. He accused the UN of failing to adequately address collective security, human rights, conflict and terrorism, arguing that it had become ineffective in dealing with major global crises.

His latest remarks come as Argentina and the UK remain divided over sovereignty, negotiations and the development of natural resources around the islands. While Buenos Aires continues to demand negotiations over sovereignty, London maintains its position that the Falkland Islanders’ right to self-determination must be respected.

Milei’s intervention has therefore brought the Falklands dispute back into focus at the UN, with the disagreement now also linked to the increasingly contentious issue of offshore oil exploration.

Milei Slams UN as ‘Useless’ Over Falklands Dispute

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