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The White House said Friday it approved another $4.28 billion in student debt cancellation for 54,900 additional public service workers in what could be one of the Biden Administration's final act ...
The Biden administration has discharged another $1.2 billion in student loan debt under a key provision of the Saving on A Valuable Education, or SAVE income-driven repayment plan.. Last month ...
Biden made regulatory improvements on the program and gave a one-time count adjustment of payments to help get borrowers on the right track and shorten their repayment time.
If the plan holds, the government will write down the student loan balances for the majority of Americans who hold them by $5,000 to $20,000. For some, that will entail the full amount of their loans.
President Joe Biden began working on his revised student loan relief plan after the Supreme Court blocked its first program in June 2023. The updated policy targets several groups of borrowers for ...
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 ...
While the Supreme Court struck down President Joe Biden’s student loan forgiveness program in late June, a separate and significant change to the federal student loan system is moving ahead.
The adjustment to student loan accounts would go toward helping borrowers get closer to discharge under income-driven repayment plans, which offer discharge after 20 or 25 years of repayment ...