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On Wednesday, the Biden administration announced an additional $7.7 billion in loan debt relief was approved for 160,500 borrowers. This will bring the total amount of debt forgiveness up to $167 ...
May 22, 2024 · With the latest round of forgiveness, the administration has erased a total of $167 billion in student loans for 4.75 million people, or about 1 in 10 student loan borrowers, the Department of ...
Apr 12, 2024 · The Biden-Harris Administration announced today the approval of $7.4 billion in additional student loan debt relief for 277,000 borrowers. These discharges are for borrowers who signed up for President Biden’s Saving on a Valuable Education (SAVE) Plan and are eligible for its shortened time-to-forgiveness benefit and as a result of fixes made by the Administration to income-driven repayment ...
Aug 26, 2022 · Biden’s plan will forgive $10,000 in federal student loans for people making up to $125,000 or married couples with income totalling up to $250,000. The loan forgiveness doubles to $20,000 for...
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Sep 27, 2022 · In August, President Joe Biden announced that he will cancel as much as $20,000 in federal student loan debt for lower- and middle-class Americans. The news comes after years of student loan ...
- Kelly Anne Smith
Apr 12, 2024 · Updated on: April 12, 2024 / 3:29 PM EDT / CBS News. The Biden administration on Friday said it's canceling $7.4 billion in student debt for 277,000 borrowers, with the recipients scheduled to...
May 22, 2024 · The Biden-Harris Administration announced today the approval of $7.7 billion in additional student loan debt relief for 160,500 borrowers. These discharges are for three categories of borrowers: those receiving Public Service Loan Forgiveness (PSLF); those who signed up for President Biden’s Saving on a Valuable Education (SAVE) Plan and who are eligible for its shortened time-to-forgiveness ...