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 … Read more
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 … Read more
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 … Read more
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 … Read more
All Alex Dwan wished for was to be debt-free. She decided to settle off her last $2,300 in federal student loans early because her financial situation was good at the beginning of the pandemic. She briefly appreciated her unreachable debt-free status. After trying a popular student loan “hack,” which failed, Dwan, 28, is now in … Read more