$39 billion in student loan debt to be forgiven by Biden Admin
Some student loan borrowers who have been paying for years will have their remaining debt forgiven as part of a $39 billion plan impacting 800,000 people.
Stay updated with breaking news from Our Administration. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Some student loan borrowers who have been paying for years will have their remaining debt forgiven as part of a $39 billion plan impacting 800,000 people.
More than 804,000 student loan borrowers will benefit.
More than 804,000 student loan borrowers will have their debt cleared in the coming weeks, eliminating more than $39 billion worth of payments due to a fix to income-driven repayment plans, the Biden administration announced on Friday.
The Biden administration has announced that it will provide $39 billion in total student debt relief for 804,000 borrowers, its latest step since President Biden’s student loan forgiveness plan was struck down by the Supreme Court. The Education Department said Friday the relief is being provided on income-driven repayment plans, in which the federal government…
Some student loan borrowers who have been paying for years will have their remaining debt forgiven as part of a $39 billion plan impacting 800,000 people.