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In the news. Another sweeping student debt relief measure was announced for 160,500 borrowers on May 21, 2024. Thanks to fixes made to existing federal programs, certain individuals enrolled in ...
President Joe Biden has been fighting for student loan debt forgiveness over the past few years of his term. In 2023, the Supreme Court rejected his initial plan to wipe student loan debt totaling ...
A one-year grace period for student loan borrowers who miss a payment is ending this week. When student loan payments resumed last year after a three-plus year pandemic-era pause, the Biden ...
As of March 2022 100,000 people have had over $6.2 billion of student loans canceled as a result of the waiver, [12] however, many problems still persist. The government estimates that 1.3 million public servants qualify for PSLF. [13] FedLoan Servicing continues to incorrectly tell people that they do not qualify for PSLF when in fact they do ...
Paying off student loans can seem like an impossible task, especially when high interest rates mean loan amounts keep increasing. But student loan relief can provide a lifeline for borrowers in ...
In March 2024, the Biden administration announced that it would forgive $5.8 billion in student loan debt to 78,000 borrowers under the PSLF program, [136] and then an additional $7.4 billion in student loan debt for 277,000 borrowers from additional changes to the PSLF program the next month, which brought the total dollar amount of student ...