The Biden administration announced it has approved another $7.7 billion in student loan debt forgiveness bringing ... through the plan to date including 4.6 million who have $0 monthly payments.
It was the latest batch of borrowers to see debt relief under President Joe Biden's ongoing efforts to cancel student loans. In total, the administration has forgiven debts for 4.75 million people ...
A federal appeals court has upheld the dismissal of a legal challenge to a key Biden administration student loan forgiveness initiative. The decision leaves intact more than $51 billion in debt ...
Following the Supreme Court's block on Biden's initial forgiveness program in ... struggling under America's $1.6 trillion in federal student loan debt. Earlier this year, changes were made ...
The Biden administration is canceling an additional $7.7 billion in student loan debt for 160,000 American borrowers. This is the latest round of loan forgiveness after Biden forgave $6 billion of ...
The Biden administration ... batches of forgiveness each month as more people qualify under those three categories. According to the Education Department, one in 10 federal student loan borrowers ...
In an effort to fix administrative issues that resulted in student loan borrowers not qualifying for forgiveness, the Biden administration ... are up from 5.5% to 6.53%. Direct federal loans ...
Several types of student loan forgiveness programs apply only to federal student loans and include: In August 2023, President Biden unveiled the SAVE Plan, which replaces the older REPAYE plan.