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Future taxpayers will essentially pay the bill. All told, Biden's debt-cancellation plans will cost the government $559 billion in foregone revenue over the coming decade, according to analysis ...
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.
Nearly 153,000 student loan borrowers currently enrolled in a new repayment plan launched by the Biden administration are expected to get an email Wednesday notifying them that their remaining ...
New Biden student debt plan could forgive up to $20,000 in interest for millions. On Friday, April 12, the Biden-Harris administration announced an additional $7.4 billion in student loan ...
The Biden administration discharged another $4.8 billion in student loan debt for more than 80,000 borrowers, the Education Department announced Wednesday.
A federal appeals court has allowed the U.S. Education Department to move ahead with a plan to lower monthly payments for millions of student loan borrowers, putting on hold a ruling last week by ...
The new plan improves on an earlier income-driven repayment plan by lowering monthly payments, providing faster forgiveness for some, and preventing balances from growing due to unpaid interest.
Biden continues to support student loan relief and had made it a promise of his initial 2020 campaign, and previously attempted a $400 billion student debt relief plan that was ruled unconstitutional by the Supreme Court.