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The Biden-Harris administration announced early this morning that it will automatically discharge $1.2 billion in federal student loans for eligible borrowers. This move is anticipated to impact ...
For example, a student who took out $13,000 in loans will now have their debt wiped out if they’ve been paying it back for 11 years, or in 12 years for those who borrowed $14,000 — and so on.
The discharges include $2.6 billion for 34,400 borrowers using the public service loan forgiveness program and waiver and $2.2 billion for 46,000 borrowers under the one-time payment adjustment ...
March 21, 2024 at 2:55 PM. President Biden announced another sweeping federal student loan forgiveness policy, wiping out $5.8 billion in debt for 77,700 borrowers. However, only certain borrowers ...
The Biden administration is going down alternative avenues to cancel federal student loan debt. Biden’s student loan forgiveness plan might actually happen in 2024. But far fewer borrowers will ...
President Joe Biden announced the much-anticipated administration's plan for loan forgiveness on Aug. 24 and one of the provisions is that it will forgive loan balances after 10 years of payments
There’s still a path to something like partial student loan forgiveness with the SAVE plan. If your original loan amount was $12,000 or less, your debt will be forgiven after you’ve made 120 ...
The Biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs. The Education Department announced the latest round of cancellation on ...