The Biden administration is canceling student loans for another 206,000 borrowers as part of a new repayment plan that offers a faster route to forgiveness. The Education Department announced the latest round of cancellations Friday in an update on the progress of its SAVE Plan. More people are becoming eligible for student loan cancellation as they hit 10 years of payments, a new finish line for some loans that’s a decade sooner than what borrowers faced in the past. Casting a shadow over the...
More people are becoming eligible for student loan cancellation as they hit 10 years of payments, a new finish line for some loans that’s a decade sooner than what borrowers faced in the past.
President Joe Biden announced a new bid on Monday to provide federal student loan debt relief to millions of Americans, part of a patchwork of debt relief plans the administration has been stitching together since the Supreme Court struck down Biden’s biggest swing last summer. The new plan offered up on Monday won’t affect nearly as many people as the original plan — but it’s definitely the best workaround that the White House has come up with yet. This time around, rather than canceling the...
In a move aimed at alleviating the burden of student loan debt for millions of Americans, the Biden administration has announced another round of student loan forgiveness, totaling $7.4 billion. This latest announcement comes as part of President Biden’s ongoing efforts to address the issue of student debt in the United States. The decision follows […] The post Biden Administration Announces $7.4 Billion in Student Loan Forgiveness first appeared on The Source.
President Biden announced $7.4 billion in new student loan forgiveness days
The White House on Friday announced another round of student loan
The Biden administration released its new proposal to forgive student debt for millions of Americans. It hopes this plan will survive legal challenges.
A total of 18 states are now suing the Biden administration over its new student debt forgiveness program, hoping to halt $1.2 billion in loan relief for more than 150,000 borrowers. The SAVE Repayment Plan, which was announced in February, allows borrowers to have their federal student debt forgiven if they took out $12,000 or less and have made payments for at least 10 years. A federal lawsuit filed Tuesday — led by Missouri and joined by Arkansas, Florida, Georgia, North Dakota, Ohio and...
The Biden administration released the draft text of its revised student loan forgiveness plan. Here's what to know.
Here's how you can take advantage of forgiveness through SAVE if you haven't already.
Seven Republican attorneys general filed a lawsuit Tuesday against President Joe Biden’s administration over a new student loan forgiveness plan rolled out this week. Biden announced Monday Read More
President Biden won’t take no for an answer.