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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 Biden-Harris Administration has taken historic steps to reduce the burden of student debt and ensure that student loans are not a barrier to educational and economic opportunity for students and families.
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 ...
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)...
Low-income borrowers who went to college on Pell Grants will receive up to $20,000 in student loan forgiveness. This debt relief will give tens of millions of borrowers some breathing room at a...
The U.S. Supreme Court has struck down President Biden’s plan for federal student loan forgiveness, meaning millions of federal borrowers will not see their debts decreased or erased.
President Biden’s move, which has been held up by a court challenge, would mean that the student loan balances of millions of people could fall by as much as $20,000. This F.A.Q. explains how...
President Biden announced another round of student loan forgiveness on Wednesday, canceling $7.7 billion in debt for 160,000 people in what has become a centerpiece of his campaign for...
The Department of Education has announced time-limited changes to PSLF that provide an easier path to forgiveness of all outstanding debt for eligible federal student loan borrowers who have...
Nearly $5 billion in additional student loan debt forgiveness for over 80,000 student borrowers has been approved, the White House announced Wednesday. The relief is made possible by fixes...