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President Joe Biden began working on his revised student loan relief plan after the Supreme Court blocked its first program in June 2023. The updated policy targets several groups of borrowers for ...
In the final days of the Biden administration two new student debt relief programs face imminent release as they are in the final review stages before being formally implemented.
The Biden administration has approved nearly $29 billion of student loan forgiveness for about 1.6 million people who were defrauded by their schools, but many of them are still waiting to see ...
Even with Biden's original plan for sweeping student loan forgiveness debt relief quashed by the Supreme Court, there is still hope for the 43.5 million Americans still owing an average of $37,787 ...
The first pathway would allow the department to automatically cancel a borrower's student loans if it determines, based on existing borrower data, that the borrower has at least an 80% chance of ...
Last summer, the president unveiled a plan that would have erased more than $400 billion in student loan debt — a program that would have benefitted an estimated 27 million borrowers.
Biden laid out the revised plan in April after the Supreme Court nullified the administration’s original student debt forgiveness program in 2023. That plan would have benefitted 43 million ...
In a Sept. 29 press release, the U.S. Department of Education cited a debt relief issue paper laying out an initial set of policy considerations to “create a path to debt relief for student loan ...