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President Biden announced another sweeping federal student loan forgiveness policy, wiping out $5.8 billion in debt for 77,700 borrowers. ... Today, total relief through PSLF now equals $62.5 ...
Over 30 million borrowers are now eligible for debt relief through Biden’s newly released plan to waive accrued and capitalized interest, cancel loans that are over 20 years old and assist ...
Under the new rule, loan balances will be forgiven after 10 years of payments, instead of the current 20 years under many income-driven repayment plans, for borrowers with original loan balances ...
Beyond that, for every $1,000 borrowed above $12,000, a borrower can receive forgiveness after an additional year of payments, which means those who originally borrowed less than $21,000 will be ...
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 Biden administration discharged another $4.9 billion in student loan debt for more than 73,600 borrowers, the Education Department announced. That brings the total amount discharged since ...
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