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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 ...
One of Biden’s accomplishments in office was fixing some of the problems with PSLF, a program meant to give public service workers, such as teachers and police, a means to receive student debt ...
At the core of the student loan debt crisis is the increasing cost of college and its impact on students and families. Kvaal detailed the types of changes the Biden administration is seeking to ...
In March 2024, the Biden administration announced that it would forgive $5.8 billion in student loan debt to 78,000 borrowers under the PSLF program, [136] and then an additional $7.4 billion in student loan debt for 277,000 borrowers from additional changes to the PSLF program the next month, which brought the total dollar amount of student ...
Notably, 47.9 million U.S. borrowers hold student loan debt. Now, the Biden administration is working to draft a new plan — one which has been dubbed “Plan B” by experts, and which could ...
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 first pathway would allow the department to automatically cancel a borrower's student loans if it determines, based on existing borrower data, that the borrower has at least an 80% chance of ...
A few days ago, the Biden administration announced that starting next month, the Education Department will fast-track student loan forgiveness for those who qualify under the Saving on a Valuable ...