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This includes $56.7 billion for 793,000 borrowers using the public service loan forgiveness program and waiver, $45.6 billion for 930,500 borrowers under income-driven repayment plans, $11.7 ...
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 is canceling student loans for another 160,000 borrowers through a combination of existing programs. The Education Department announced the latest round of cancellation on ...
However, in June 2023, the Supreme Court issued a ruling against Biden's loan cancelation plans which stated that the secretary of education cannot cancel more than $430 billion in student debt.
Public Service Loan Forgiveness borrowers will get the following credit: Any months in a repayment status, regardless of the payments made, loan type, or repayment plan; ... Months spent in any ...
A process known as the borrower defense to repayment allows borrowers with federal student loans to apply for debt cancellation if they believe their schools defrauded them. If approved, the ...