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The Biden administration announced on Friday, July 14 it would cancel $39 billion of debt for 804,000 student loan borrowers. This follows the June 30 Supreme Court 6-3 decision, which struck down...
The adjustment to student loan accounts would go toward helping borrowers get closer to forgiveness under income-driven repayment plans, which offer cancellation after 20 or 25 years, depending on ...
Two conservative groups are asking a federal court to block the Biden administration's plan to cancel $39 billion in student loans for more than 800,000 borrowers. In a lawsuit filed Friday in ...
President Joe Biden announced last week the cancellation of $1.2 billion in student debt for 153,000 borrowers—an average of $7,843 per borrower. The move is one of dozens he’s made since 2021 ...
Who gets the $39 billion in student Loan forgiveness? More than 800,000 borrowers with more than $39 billion in combined student loan debt will find relief as a result of income-driven repayment ...
In April 2024, the Biden administration initiated the forgiveness of $7.4 billion in student loan debt for 277,000 borrowers, as part of its broader strategy to address the issue. This action added to the $153 billion already forgiven for nearly 4.3 million individuals, reflecting the administration's ongoing efforts in tackling student loan debt.
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