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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 ...
Biden announced $4.28 billion in student-debt cancellation for 54,900 borrowers in Public Service Loan Forgiveness. The relief is a result of the Education Department's ongoing fixes to PSLF.
Although the Supreme Court blocked one of the president’s debt cancellation plans, his administration has forgiven billions via other policies.
On January 13, the Education Department announced $4.2 billion in debt cancellation for 152,000 borrowers, bringing the total student-debt relief under Biden to over $180 billion for 5.3 million ...
WASHINGTON — President Joe Biden announced Thursday that the White House has approved the cancellation of nearly $6 billion in federal student debt for thousands of public service workers.
In August 2022, the administration used the Act again to announce student debt cancellation of up to $20,000 and several other reforms. [7] [16] Following litigation brought by several Republican-led state governments, the Supreme Court ruled in Biden v. Nebraska (2023) that the statute did not permit the administration's debt forgiveness ...
The plans aimed to cancel some student debt for over 38 million borrowers. President Joe Biden's administration has officially scrapped its unfinished rules for broad student-loan forgiveness .
In an analysis of Biden’s first debt-relief program, the Committee for a Responsible Federal Budget estimated that after a one-time cancellation of about $500 billion of debt, the total amount ...