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SAVE lowers enrolled borrowers’ monthly payments and provides a faster route to debt forgiveness. It was launched by the Biden administration after the president’s sweeping, one-time student ...
July 18, 2024 at 12:49 PM. The Biden administration is cancelling an additional $1.2 billion in student loans for borrowers who work in public service through changes to an existing forgiveness ...
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 student loan payment pause -- which was set to end Dec. 31, 2022 -- will be extended to the end of June 2023 as the Biden administration awaits the Supreme Court's ruling on the federal student...
The administration's plan provides more generous terms than past income-based repayment plans, lowering monthly payments for eligible borrowers and allowing those whose original principal balances ...
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 has approved debt relief for an additional 125,000 student loan borrowers, totaling $9 billion in forgiveness, the White House said Wednesday.
The Biden administration will officially enact another extension of the pandemic payment pause related to federally-backed student loans through the end of August.. In a statement, President Biden ...