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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 ...
The White House said Friday it approved another $4.28 billion in student debt cancellation for 54,900 additional public service workers in what could be one of the Biden Administration's final act ...
The administration said it will spend nearly $4.3 billion to cancel student debt for 55,000 such workers, the result of fixes made to the Public Service Loan Forgiveness Program.
The announcement comes just weeks after the Biden administration put forward an additional new rule, that, if finalized, would authorize student debt forgiveness on a one-time basis for people who ...
Biden’s signature, one-time student loan forgiveness program was struck down by the Supreme Court last year. It would have canceled up to $20,000 of student debt for many low- and middle-income ...
The Supreme Court struck down President Biden’s first, sweeping attempt to offer broad-based student loan forgiveness in 2023, finding that the administration had overstepped its authority under ...
The Harris-Biden administration had already canceled $5.5 billion in student loan debt before the preliminary injunctions. The SAVE plan was unveiled last August after an earlier debt cancellation ...
With 42.8 million Americans carrying federal student loan debt and an average balance per borrower of $37,853, according to the Education Data Initiative, the stakes are high.