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One month before President Biden leaves the White House, the Biden administration announced it has forgiven student loan debt for 54,900 public service workers.
President Biden speaks during an event in Madison, Wisconsin, on April 8. Biden's alternative student-debt relief plan could forgive loans for as many as 26 million people.
Biden's plan offers up to $20,000 in student loan forgiveness, including pell grants, and repayments based on discretionary income.
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.
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 ...
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...
Read Next: 5 Genius Things All Wealthy People Do With Their Money Total student loan debt, currently $1.76 trillion, continues to climb as a number of borrowers do not have access to debt relief ...
The plan will cancel $10,000 worth of debt for individual holders of federal student loans who earn less than $125,000 a year, or for married couples filing jointly who earn less than $250,000 a ...