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How to submit Biden's student loan forgiveness application. Apply now for student loan forgiveness under President Biden's new plan on the Department of Education website....
Biden's forgiveness plan seeks to cancel $10,000 in federal student loan debt for individual borrowers with an annual income less than $125,000. Borrowers who received a need-based Pell Grant while in college can receive up to $20,000 of forgiveness, so long as they meet that same income cap.
Borrowers seeking hardship-based student loan forgiveness may need to submit an application. Ultimately, more than 20 million borrowers could receive relief under the plan, according to the...
The Biden-Harris Administration today is announcing that it will automatically discharge $1.2 billion in loans for nearly 153,000 borrowers who are eligible for the shortened time to forgiveness benefit under President Biden’s Saving on a Valuable Education (SAVE) Plan.
The Department of Education is proposing a new income-driven repayment plan that protects more low-income borrowers from making any payments and caps monthly payments for undergraduate loans...
Borrowers would be eligible for relief if they have a current balance on certain types of Federal student loans that is greater than the balance of that loan when it entered repayment due to runaway interest.
Today’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.
Biden's plan is to cancel up to $10,000 in debt for those earning less than $125,000 per year and up to $20,000 for those who received Pell Grants. The application asks for borrowers' name,...
President Biden announced last year that the federal government would cancel up to $20,000 worth of federal student loans, and about two months later the Education Department began accepting...
CNN — President Joe Biden on Wednesday announced his plan to address student loan debt, which includes debt forgiveness for certain borrowers and extending the pandemic-related payment pause.