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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 ...
That’s mainly because the American Rescue Plan of 2021 made student loan forgiveness tax-free through 2025 — and the Biden forgiveness plan is covered under that law, according to the White ...
Just weeks after canceling almost $5 billion in student loan debt for thousands of public servants and low-income borrowers, the Biden Administration has announced a new proposal to expand ...
Even with Biden's original plan for sweeping student loan forgiveness debt relief quashed by the Supreme Court, there is still hope for the 43.5 million Americans still owing an average of $37,787 ...
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 ...
About 48 million borrowers have student loan debt. According to the Education Data Initiative, the average federal student loan debt is $37,574 per borrower as of April 2023. The average private ...
A few days ago, the Biden administration announced that starting next month, the Education Department will fast-track student loan forgiveness for those who qualify under the Saving on a Valuable...
President Biden announced another sweeping federal student loan forgiveness policy, wiping out $5.8 billion in debt for 77,700 borrowers. However, only certain borrowers will qualify ...