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Nearly 153,000 student loan borrowers currently enrolled in a new repayment plan launched by the Biden administration are expected to get an email Wednesday notifying them that their remaining ...
Even though the U.S. Supreme Court struck down President Biden's proposal for student loan forgiveness, more than 43 million Americans with student loan debt could still benefit from a different,...
While the Supreme Court struck down President Joe Biden’s student loan forgiveness program in late June, a separate and significant change to the federal student loan system is moving ahead.
The move is separate from the president’s up to $20,000 in student loan forgiveness that has been held up as the Supreme Court rules on its legality. The adjustment is not contingent on the ...
In an updated guidance in October 2022, the Department “maintained that borrowers who cross the 20 or 25-year threshold following the account adjustment would start receiving student loan ...
The new plan, called Saving on A Valuable Education, or SAVE, improves on an earlier plan for federal student loan borrowers by lowering monthly payments, providing faster forgiveness for some ...
A federal court blocked Biden's SAVE student-loan repayment plan. This means borrowers enrolled in the plan cannnot access the lower payments and shorter timelines for debt relief.
U.S. President Joe Biden delivers remarks about the student loan forgiveness program from an auditorium on the White House campus in Washington, U.S., October 17, 2022.