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President Joe Biden began working on his revised student loan relief plan after the Supreme Court blocked its first program in June 2023. The updated policy targets several groups of borrowers for ...
Student loan borrowers can now apply for what the Biden administration called "the most affordable repayment plan in history."The Education Department this week released an updated beta version of ...
Those who stay current on their payments have all the remaining debt canceled after 10 years if they're in the Public Service Loan Forgiveness program; otherwise, those in income-based plans would ...
In October 2021, the Biden administration used the HEROES Act to reform a student debt forgiveness program for public workers. [15] In August 2022, the administration used the Act again to announce student debt cancellation of up to $20,000 and several other reforms.
Forbes reported that when the adjustment was announced in April, the guidance said borrowers could start receiving student loan forgiveness by the fall of 2022, and all others should receive their ...
President Biden is trying again to cancel student loan debt for up to 25 million borrowers after the Supreme Court killed his first effort to do so last year. The new plan draws on a different ...
In August, the Biden administration announced a plan that would forgive $10,000 of student debt for people making less than $125,000 and an additional $10,000 for those who received Pell Grants ...
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 ...