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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 ...
In Biden's last announcement on student-loan forgiveness, he canceled over $600 million in debt for nearly 9,000 borrowers.
Biden announced $4.28 billion in student-debt cancellation for 54,900 borrowers in Public Service Loan Forgiveness. The relief is a result of the Education Department's ongoing fixes to PSLF.
Biden's administration posted notices to withdraw its broader student-loan-forgiveness plans. Amid lawsuits, the Education Department wrote that it stands by the legality of its debt-relief plans.
In March 2020, the CARES Act passed by Congress included a pause on federal student loans repayments and interest until September 30, 2020. [8] On August 8, 2020, the Trump administration issued a memorandum instructing the Secretary of Education to pause on student loan payments and interest through December 31, 2020 using the authority ...
The forgiveness plan does not apply to borrowers with privately held loans. Although the current student loan pause extension originally ran through 60 days after June 30, 2023 — or whenever the ...