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Apr 8, 2024 · Mr. Biden initially tried to grant $400 billion in debt relief for 40 million borrowers by using the Higher Education Relief Opportunities for Students Act of 2003, or HEROES Act, which the ...
Oct 31, 2022 · Learn how to apply for forgiveness of your student debt if you work in public service for 10 years or more. Find out if you are eligible, the benefits and drawbacks of consolidation, and the stories of fellow public servants who have benefited from the program.
Feb 21, 2024 · The Department of Education announces automatic discharge of loans for over 150,000 borrowers who meet the eligibility criteria for the SAVE Plan. The SAVE Plan is a repayment plan that accelerates forgiveness for low- and middle-income borrowers.
Aug 22, 2023 · The SAVE plan is an income-driven repayment (IDR) plan that reduces monthly payments for millions of borrowers and forgives balances after a certain number of years. It is the most affordable plan ever created and will help low- and middle-income borrowers, community college students, and public service workers.
4 days ago · Three additional rules would authorize ongoing relief for borrowers who took out debt to attend programs or institutions that failed to provide sufficient financial value. One provision could assist borrowers whose debt came from institutions or programs that lost access to Federal aid following a Secretarial action.
1 day ago · Additional borrowers could get complete forgiveness of accrued or capitalized interest if the borrower is enrolled in an income-driven repayment plan (such as the new SAVE plan) and earns below ...
3 days ago · The Biden administration released its new proposal to forgive student debt for millions of Americans. It hopes the plan will survive legal challenges this time. US President Joe Biden gestures ...
