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The Biden administration announced multiple new student loan forgiveness initiatives that will trim billions in student debt for some borrowers.
Borrowers with federal student loan balances that have ballooned and are now exceeding the original amount borrowed may qualify.
The White House said the latest round of relief helps borrowers enrolled in the Saving on a Valuable Education (SAVE) repayment plan as well as those in income-driven repayment or Public Service...
The plan will forgive $10,000 in student loan debt for some borrowers in New Jersey. It also cancels an additional $10,000 for those who received federal Pell Grants to attend college.
The federal government plans to forgive $10,000 in student loan debt for borrowers in Massachusetts making $125,000 or families earning $250,000 a year or less, Biden said in a statement posted...
The Education Secretary on Thursday announced a settlement of claims that would give roughly 264,000 student loan borrowers approximately $7.5 billion in debt relief.
The plan will forgive $10,000 in student loan debt for some borrowers in Georgia. It also cancels an additional $10,000 for those who received federal Pell Grants to attend college.
Under Biden’s plan, up to $10,000 in federal student debt relief will be provided to individual borrowers with annual incomes below $125,000 in 2020 or 2021, and households with less than ...
MICHIGAN — Michiganders who borrowed student loans got a preview Tuesday of a website up to 40 million Americans are expected to use to apply for student loan forgiveness.
The Biden administration discharged another $4.8 billion in student loan debt for more than 80,000 borrowers, the Education Department announced Wednesday.