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When student loan borrowers began applying for loan forgiveness 10 years after the program went into effect, most were denied relief. The White House said it made administrative fixes that ...
This latest relief brings the total student-loan forgiveness under Biden to about $180 billion for nearly 5 million Americans, including $78 billion for just over 1 million borrowers enrolled in PSLF.
The Biden administration indicated Friday it plans to scrap his latest student loan forgiveness proposals, which could have wiped away debts for tens of millions of Americans and cleared new paths ...
The administration said it will spend nearly $4.3 billion to cancel student debt for 55,000 such workers, the result of fixes made to the Public Service Loan Forgiveness Program.
Friday’s announcement of $4.28 billion in student debt relief is expected to be the final round of public service loan forgiveness before Biden leaves office next month.
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 ...