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Student loan relief and the ever-growing cost of higher education has become a major issue in the U.S., and Biden promised to look into cancelation options during his first run for president.
March 21, 2024 at 2:55 PM. President Biden announced another sweeping federal student loan forgiveness policy, wiping out $5.8 billion in debt for 77,700 borrowers. However, only certain borrowers ...
Those new steps come on top of the expanded Public Service Loan Forgiveness program, which Biden has used to forgive more than $42 billion in debt held by people working in public service jobs ...
The student debt relief announced Friday will wipe out $3.6 billion in debt for 206,800 borrowers. “This relief will go to borrowers who are enrolled in the SAVE Plan who had smaller loans for ...
Then, in late 2021, she said she had her entire remaining student loan debt — $263,585.35 — forgiven through the program known as Public Service Loan Forgiveness (PSLF).
A federal judge on Monday temporarily barred the Education Department from allowing additional loan forgiveness under a key component of President Joe Biden 's student debt relief plan. The judge ...
Biden followed up his campaign rhetoric by proposing ambitious plans as president, including a federal student loan forgiveness program that aimed to cancel up to $20,000 per borrower for tens of ...
Biden v. Nebraska, 600 U.S. 477 (2023), was a United States Supreme Court case related to the forgiveness of federal student loans by the Biden administration in 2022, challenged by multiple states. The Supreme Court's ruling was issued on June 30, 2023, ruling 6–3 that the Secretary of Education did not have the power to waive student loans ...