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Here's everything you need to know about the Biden administration's new
The Biden administration said Friday that is using existing student loan forgiveness programs to cancel another round of student debt, totaling $7.4 billion for 277,000 borrowers. Under President Joe Biden, the Department of Education has made it easier for some specific groups of borrowers, like public sector workers, to qualify for loan forgiveness. It also launched a new repayment plan that creates a shorter pathway to loan forgiveness for many low-income borrowers – and is at issue in at...
Biden has now dished out $153 billion in student debt relief trying to fix the broken loan system.
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.
Michael RaineyApril 12, 2024President Joe Biden on Friday announced another round of student loan forgiveness, part of a piecemeal effort that
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's latest plan to wipe out federal student loan debt for millions of borrowers could add up to $750 billion to the national deficit, according to a Tuesday report from the Committee for a Responsible Federal Budget.So far, the White House has announced $150 billion in so-called student loan "forgiveness" programs over the last year following the Supreme Court's June decision to reject unilateral loan cancellations. The previously rejected program would have wiped out $430...
The Biden administration announced it will forgive $7.4 billion in student debt for another 277,000 borrowers, its latest round of relief.
The White House announced another round of student loan debt cancelation bringing the total of student loan debt forgiven to $153 billion for some 4.3 million borrowers since Biden took office.
Education Department unveils new rules focused on canceling loan interest. Unveiled rules are part of the larger Biden effort to cancel student loan debt. Efforts could impact 30 million borrowers when combined with other steps