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President Biden has forgiven more than $136 billion in student loan debt for over 3.7 million borrowers.. The debt relief was under multiple programs: public service loan forgiveness (PSLF ...
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 ...
Both the administration’s first and second attempts at loan forgiveness were legally challenged by multiple conservative-leaning states, with the Supreme Court in August 2024 denying a Biden a ...
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 ...
In 2019, President Donald Trump ordered loan forgiveness for permanently disabled veterans, saving 25,000 veterans an average of $30,000 each. [35] The same year, Theresa Sweet and other student loan debtors filed a claim against the US Department of Education, arguing that they had been defrauded by their colleges.
BI spoke to millennials who received student-loan forgiveness over the past few years due to Biden's targeted debt relief efforts.