Of the nearly 5 million borrowers who have had more than $180 billion in debt relieved by the administration, more than 1 million were through the PSLF. The relief for those PSLF borrowers totals about $78 billion, the administration said...
"Senate Republicans just voted to block @POTUS' student debt relief plan, force millions to immediately pay back paused student loans & claw back relief from public servants," Sen. Elizabeth Warren of Massachusetts tweeted after the vote. "It's shameful. Thankfully we have President Biden who ...
Yes, the Biden administration said it continues to work on a plan for broad-based student loan relief through the Higher Education Act. How higher interest rates affect student loans 01:50 Some parts of the Biden administration's plans to provide more relief were thrown into turmoil las...
In the fall of 2022, the Department of Education and the Department of Justice jointlyreleased updated bankruptcy guidelines tomake the bankruptcy process for student loan borrowers less arduous. The Biden administration's updated policy treated student loans like other types of debt in bankruptcy cour...
Key takeaways Repayment on federal student loans resumed in October 2023. With more changes to student loan repayment programs announced, we'll help you make sense of the news.In case you missed it, the Biden administration proposed a broad student loan forgiveness program in 2022 that would ...
But the Biden administration still managed to wipe away a large share of the country's outstanding student debt by improving the U.S. Department of Education's existing debt relief programs. Monday's announcement is for $465 million in loan cancellation for public servants, $2.5 billion for bo...
A new poll shows relatively few Americans say they’re fans of President Joe Biden’s work on the issue of student loans.
The Biden Administration's debt relief plan does not apply to borrowers with private student loans. Borrowers who consolidated federal loans with a private company are also ineligible because their loans are no longer held by the federal government. Read: Is College Worth the Cost? Factors to ...
The U.S. Department of Education has extended student loan relief until Jan. 31, 2022. You don't have to make payments on qualifying loans throughout this time, and no interest will accrue on the loans because the interest rate has been set to 0 percent.
If you have Perkins Loans, you can get forgiveness up to 100% of your loan balance if you teach full time at a low-income school or teaching certain subjects. If you have Perkins Loans, you can see your entire loan balance forgiven over 5 years. The great thing about this program is ...