In addressing longstanding issues in the U.S. student loan system, the Biden administration has approved an additional $4.9 billion in student loan debt relief for 73,600 borrowers. This announcement, part of ongoing efforts to alleviate the burden on student loan borrowers, brings the total loan forgiveness approved by the administration to $136.6 billion for over…
The Department of Education said more student loan borrowers can avail of the Student Loan Forgiveness Debt Relief through the Income-Driven Repayment (IDR) account adjustment. More Student Can Avail The Student Loan Forgiveness Debt Relief More student loan borrowers will experience the Student Loan Forgiveness Debt Relief after the Department of Education said students…
Under the Biden administration’s $39 billion debt relief plan, more than 19,000 Hoosiers who borrowed federal student loans will have their remaining debt forgiven. This is supported by the new US Department of Education data, which revealed the number of borrowers who qualified for automatic loan relief and was made public on Tuesday. The change is part of a…
The Biden administration announced on Friday that more than 800,000 borrowers with $39 billion in federal student loans would have their debt erased. The Department of Education said it will begin notifying borrowers today about the automatic discharge of their debt, which will take place in the coming weeks. The debt relief comes just two…
When the Biden administration declared Friday that it will erase $39 billion in student debt for 804,000 students, many of them may have expected that the project would suffer the same destiny as the Supreme Court’s decision to kill the student loan forgiveness program last month. Experts on student loan forgiveness believe that this one…
The Biden administration is determined to keep fighting for assistance for millions of Americans suffering under debts that sometimes exceed $100,000 after the Supreme Court rejected his student loan forgiveness program in June. The court decided 6-3 against the Biden administration’s plan to cancel up to $400 billion in student loans, ruling that the president…