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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 ...
Among several recent proposed changes the Education Department has announced, it has updated the timeline for student loan borrowers seeking forgiveness under a one-time account adjustment ...
Biden's administration posted notices to withdraw its broader student-loan-forgiveness plans. Amid lawsuits, the Education Department wrote that it stands by the legality of its debt-relief plans.
In August 2022, Biden announced a broad student-loan forgiveness plan using a legal strategy tied to the COVID-19 pandemic emergency that would have canceled up to $20,000 in student debt for ...
This latest announcement marks the final student-loan forgiveness action under the Biden administration. "Four years ago, President Biden made a promise to fix a broken student loan system ...
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 ...
To date, the loan forgiveness approved by the Biden-Harris government totals $136.6 billion in aid for 3.7 million American borrowers, according to the U.S. Department of Education (ED).Relate
The Public Service Loan Forgiveness program was created in 2007, promising college graduates that the remainder of their federal student loans would be zeroed out after 10 years working in ...