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Today’s announcement brings the total loan forgiveness approved by the Biden-Harris Administration to $167 billion for 4.75 million Americans. Thanks to this Administration’s efforts more than one out of every 10 federal student loan borrowers has now been approved for some debt relief.
The Supreme Court blocked the one-time debt relief plan (you may also know this as the forgiveness of up to $20,000 for Pell Grant borrowers). But you may be able to get help repaying your loans, including full loan forgiveness, through other federal student loan programs.
Biden is forging ahead on a new path to narrower student loan relief after the Supreme Court rejected his earlier loan forgiveness plan. Meanwhile, conservative groups sued to block Biden’s effort...
Today, President Biden announced the approval of $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in the Saving on a Valuable Education (SAVE)...
A three-part plan delivers on President Biden’s promise to cancel $10,000 of student debt for low- to middle-income borrowers. President Biden believes that a post-high school education should...
The Biden-Harris Administration has approved the following debt relief for borrowers: $69.2 billion for 946,000 borrowers through fixes to Public Service Loan Forgiveness (PSLF). $51 billion for more than 1 million borrowers through administrative adjustments to IDR payment counts.
Biden announced Wednesday that his administration will forgive $10,000 for borrowers who make less than $125,000 per year. Low-income borrowers who went to college on Pell Grants will receive up...
The Biden administration is canceling even more student debt. On Friday, the White House announced that an additional 277,000 borrowers will see their student loans eliminated, amounting to...
The U.S.Department of Education today announced that automatic discharges will begin for 804,000 borrowers who qualify for $39 billion in student loan relief as a result of fixes to income-driven repayment (IDR) plans implemented by the Biden-Harris Administration since April 2022.
President Biden announced last year that the federal government would cancel up to $20,000 worth of federal student loans, and about two months later the Education Department began accepting...