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The Biden Administration began working on the revised plan after the Supreme Court in 2023 struck down its attempt to forgive up to $20,000 in student debt for more than 40 million borrowers. The ...
By Rebecca Shabad. President Joe Biden's student loan forgiveness program can proceed after a judge Wednesday let a temporary restraining order on the plan expire. It’s a minor victory for the ...
A three-part plan delivers on President Biden’s promise to cancel $10,000 of student debt for low- to middle-income borrowers. President Biden believes that a post-high school education...
The SAVE plan builds on broader actions by the Biden-Harris Administration to deliver relief to student loan borrowers, fix problems in the student loan system, and make college more...
The Biden-Harris Administration today is announcing that it will automatically discharge $1.2 billion in loans for nearly 153,000 borrowers who are eligible for the shortened time to forgiveness benefit under President Biden’s Saving on a Valuable Education (SAVE) Plan.
Today, President Biden announced the approval of $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in the Saving on a Valuable Education (SAVE)...
On Friday, the White House announced that an additional 277,000 borrowers will see their student loans eliminated, amounting to about $7.4 billion in forgiven debt.
Today’s announcement brings the total loan forgiveness approved by the Biden-Harris Administration to $167 billion for 4.75 million Americans. Thanks to this Administration’s efforts more than one out of every 10 federal student loan borrowers has now been approved for some debt relief.
The Biden administration’s new income-driven repayment plan, known as SAVE, opened for enrollment on Tuesday, providing millions of borrowers with a more affordable way to pay their monthly...
The program was the second iteration of Biden’s student loan forgiveness program after an earlier plan to forgive up to $20,000 to more than 40 million borrowers was struck down by the Supreme ...