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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-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 ...
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 ...
The Biden administration announced an additional $9 billion in student debt relief, part of fixes to income-driven repayment plans and public service loan forgiveness. Biden canceled billions more ...
This includes $56.7 billion for 793,000 borrowers using the public service loan forgiveness program and waiver, $45.6 billion for 930,500 borrowers under income-driven repayment plans, $11.7 ...
The latest discharges include $3.2 billion for 43,900 borrowers using the public service loan forgiveness program and waiver, and $1.7 billion for 29,700 borrowers under the one-time payment ...
This translated into about $12.3 million of forgiven loans, leaving the rest of the hundreds of millions left to be paid. [15] Unsurprisingly, the states with the largest populations have the largest proportions of debt. California, Florida, Texas, and New York represent more than 20% of all student debt ($340 billion). [15]
Then, in late 2021, she said she had her entire remaining student loan debt — $263,585.35 — forgiven through the program known as Public Service Loan Forgiveness (PSLF).
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