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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 ...
(Reuters) - The Biden administration on Friday canceled another $4.28 billion in student debt for nearly 55,000 public service workers, the U.S. Department of Education said in a statement.
“With the approval of another $4.28 billion in loan forgiveness for nearly 55,000 public servants, the Administration has secured nearly $180 billion in life-changing student debt relief for ...
As of April 30 last year, the Biden administration had forgiven $17.2 billion in federal student loans for 974,820 borrowers who claimed they were defrauded, according to the office.
Biden's Plan B for student-loan forgiveness would have benefited over 30 million borrowers. It proposed full or partial relief for categories including borrowers with unpaid interest and those who ...
Last week the Department of Education sent a separate batch of notices informing certain borrowers that they will not have to pay back their student loans under a group discharge initiative.
President Joe Biden’s efforts to forgive student loans have totaled $74 billion in loans for public workers and $175 billion for about 5 million borrowers total.
Biden laid out the revised plan in April after the Supreme Court nullified the administration’s original student debt forgiveness program in 2023. That plan would have benefitted 43 million ...