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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 ...
The administration’s plan was to lower the amount people paid on their undergraduate loans from 10% to 5% of their discretionary income beginning in July. Borrowers with both undergraduate and ...
The Republican-led states argued in their lawsuit filed in April that the Biden administration's U.S. Education Department had exceeded its legal authority by enacting the student debt relief plan ...
On Friday, April 12, the Biden-Harris administration announced an additional $7.4 billion in student loan forgiveness for more than 200,000 SAVE Plan users. This round of forgiveness primarily ...
Katie Lobosco, CNN. June 25, 2024 at 11:25 AM. Gene J. Puskar/AP. Two federal court judges in Kansas and Missouri have paused parts of a student loan repayment plan that the Biden administration ...
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 ...
About 26 million federal student loan borrowers have applied for forgiveness under the Biden administration’s debt relief program, the White House announced on Wednesday. When and if those ...
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 ...