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The SAVE plan builds on broader actions by the Biden-Harris Administration to deliver relief to student loan borrowers, fix problems in the student loan system, and make college more...
The Biden-Harris Administration announced the approval of about $4.5 billion in additional student loan relief for over 60,000 borrowers who work in public service. Total loan forgiveness approved by Administration is now over $175B for 4.8M Americans.
Today, President Biden announced the approval of $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in the Saving on a Valuable Education (SAVE)...
President Biden will announce plans that, if finalized as proposed, would cancel up to $20,000 of the amount a borrower’s balance has grown due to unpaid interest on their loans after entering...
Student Loan Forgiveness And Lower Payments Remain Blocked For SAVE Plan. In August, the 8th Circuit Court of Appeals issued an injunction preventing the Education Department from implementing the ...
President Biden, Vice President Harris, and the U.S. Department of Education have announced a three-part plan to help working and middle-class federal student loan borrowers transition back to regular payment as pandemic-related support expires. This plan includes loan forgiveness of up to $20,000.
The plans for new student debt relief regulations announced by President Biden are the next step in a regulatory process that began last summer to provide debt relief to as many borrowers as possible as quickly as possible under the Higher Education Act.
The new plan would forgive some or all loan debt for nearly 30 million borrowers under the Higher Education Act, the federal law that regulates student loan and grant programs.
The new plans are the administration’s latest efforts to provide relief to borrowers of federal student loans after the Supreme Court struck down Biden’s original plan to cancel up to $20,000...
The Biden administration unveiled a new set of plans on Monday that would eliminate student debt for millions of Americans.