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  1. Aug 24, 2022 · Biden’s plan calls for up to $20,000 in debt cancellation for borrowers who are recipients of Pell Grants and $10,000 of loan forgiveness for other borrowers who meet certain income...

    • National Reporter
    • 4 min
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  3. Jul 31, 2024 · Borrowers would be eligible for relief if they have a current balance on certain types of Federal student loans that is greater than the balance of that loan when it entered repayment due to runaway interest.

  4. May 21, 2024 · The plans would bring the total number of borrowers eligible for student debt relief to over 30 million, including borrowers who have already been approved for debt cancellation by the Biden-Harris Administration over the past three years.

  5. Jan 18, 2024 · Updated: Jan 18, 2024, 2:56pm. Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Getty. Student loan...

  6. Feb 21, 2024 · The borrowers receiving relief are the first to benefit from a SAVE plan policy that provides debt forgiveness to borrowers who have been in repayment after as little as 10 years and took out...

  7. May 23, 2024 · The people who qualify for forgiveness in the latest round of debt cancellation include public servants such as teachers and law enforcement officers, as well as tens of thousands of people who...

  8. Aug 24, 2022 · Current students with loans are eligible for this debt relief. Borrowers who are dependent students will be eligible for relief based on parental income, rather than their own income.

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