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The White House estimates that the proposal would boost the number of borrowers getting relief to 30 million, which includes the 4 million who have already been approved for debt cancelation ...
The federal Education Department released on Friday the much-anticipated proposal, which the Biden administration says could provide student loan forgiveness to approximately 8 million Americans.
"The rules proposed by the Biden-Harris Administration today would provide hope to millions of struggling Americans whose challenges may make them eligible for student debt relief."
“This relief will go to borrowers who are enrolled in the SAVE Plan who had smaller loans for their postsecondary studies,” according to a press release from the Department of Education ...
The Biden administration announced Thursday its final round of student debt relief, topping off the most loan forgiveness ever given in a presidency. The Department of Education announced it was ...
In addition, Biden announced he was lowering the cap on discretionary income paid toward student debt from 10% to 5% per month for undergraduate loans. Biden had sought to provide debt relief in ...
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 ...
“Under the Biden-Harris administration more than one million public service workers have received student debt relief, more than all other administrations combined since the Public Service Loan ...