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The Biden administration discharged another $4.9 billion in student loan debt for more than 73,600 borrowers, the Education Department announced. ... PSLF loan discharge for military and certain ...
If the indebtedness discharged is a student loan that has been discharged due to the death or total permanent disability of the borrower. This particular provision was added in the Tax Cuts and Jobs Act of 2017 , and applies to discharges during calendar years 2018 through 2025.
The Biden administration has discharged $34 billion in student loan debt for 1.7 million borrowers since the president took office a little more than seven months ago.
Debt discharge for borrowers with an original loan balance of $12,000 or less that have been in repayment for 10 years. The most borrowers must pay toward their undergraduate loans is 5% of their ...
To date, the Biden administration has forgiven $143.6 billion in student loan debt for 3.96 million borrowers. In addition to relief given to PSLF borrowers, 959,700 borrowers have received $47.3 ...
The total discharged debt includes $51 billion for 715,000 borrowers through the public service loan forgiveness ; $11.7 billion for permanent disability discharges for more than 513,000 borrowers ...
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