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The Biden-Harris Administration today is announcing that it will automatically discharge $1.2 billion in loans for nearly 153,000 borrowers who are eligible for the shortened time to forgiveness benefit under President Biden’s Saving on a Valuable Education (SAVE) Plan.
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)...
Fixing the broken Public Service Loan Forgiveness (PSLF) program by proposing a rule that borrowers who have worked at a nonprofit, in the military, or in federal, state, tribal, or...
Today, the U.S. Department of Education (Department) announced a final extension of the pause on student loan repayment, interest, and collections through December 31, 2022. Borrowers should plan to resume payments in January 2023.
Student loan borrowers can now apply for the Biden administration’s new income-driven repayment (IDR) plan online. The Department of Education has launched a beta website for its Saving on...
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.
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...
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Biden laid out the revised plan in April after the Supreme Court nullified the administration’s original student debt forgiveness program last year. That plan would have benefited 43 million ...