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Last month, the president accelerated a provision that provides immediate debt cancellation for borrowers with an original loan balance of $12,000 or less who have been in repayment for 10 years.
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 ...
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 ...
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 ...
WASHINGTON (AP) — A student loan cancellation program for public workers has granted relief to more than 1 million Americans — up from just 7,000 who were approved before it was updated by the ...
The latest round of relief mostly comes through a program known as borrower defense, which allows students to get their loans canceled if they're cheated or misled by their colleges. It was created in 1994 but rarely used until a wave of high-profile for-profit college scandals during the Obama administration.