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Biden-Harris administration; $7.7 billion in approved student debt relief for 160,000 borrowers

Biden-Harris administration; $7.7 billion in approved student debt relief for 160,000 borrowers
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The Biden-Harris Administration announced Tuesday the approval of $7.7 billion in additional student loan debt relief for 160,500 borrowers. These discharges are for three categories of borrowers: those receiving Public Service Loan Forgiveness (PSLF); those who signed up for President Biden’s Saving on a Valuable Education (SAVE) Plan and who are eligible for its shortened time-to-forgiveness benefit; and those receiving forgiveness on income-driven repayment (IDR) as a result of fixes made by the Administration. This action comes as more than 8 million borrowers have been helped by the SAVE Plan. That includes 4.6 million with a $0 monthly payment.

Tuesday's announcement brings the total loan forgiveness approved by the Biden-Harris Administration to $167 billion for 4.75 million Americans. Thanks to this Administration’s efforts more than one out of every 10 federal student loan borrowers has now been approved for some debt relief. This action builds on Pre ....

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Biden-Harris administration announces additional $7.7 billion in approved student debt relief for 160K borrowers

Biden-Harris administration announces additional $7.7 billion in approved student debt relief for 160K borrowers
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United States , Miguel Cardona , James Kvaal , Public Service Loan Forgiveness , Biden Harris Administration , Us Department Of Education , Council Of Economic Advisers , President Biden , Valuable Education , Education Miguel , Education James , Economic Advisers , Deliver Debt Relief , Higher Education , Strong Track Record ,

Biden-Harris Administration Announces Additional $7.7 Billion in Approved Student Debt Relief for 160,000 Borrowers

Biden-Harris Administration Announces Additional $7.7 Billion in Approved Student Debt Relief for 160,000 Borrowers
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5/22/24 - More Students Will Have Their Loans Forgiven

The Biden administration is canceling student loans for another 160,000 borrowers through existing programs. ....

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