This round of debt cancellation will reportedly impact roughly 277,000 borrowers, including teachers, librarians, academics and public safety workers who have been making student loan payments for 10 years.This brings the total sum of canceled student loan debt under the Biden Administration to $153 billion. Earlier this week,“From day one of my Administration, I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity.
The latest loan forgiveness initiative is coming through various income-driven repayment plans, including the president’s newly established SAVE program.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Education Education Latest News, Education Education Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden Announces $5.8 Billion Student Loan Cancellation for Public Sector WorkersPresident Biden announced the cancellation of $5.8 billion in student loans for 78,000 borrowers working in the public sector. This brings the total student debt write-offs under his administration to $143.6 billion. The plan aims to provide relief to borrowers and tackle the issue of student debt.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Biden administration announces another round of loan cancellation under new repayment planThe Biden administration is canceling student loans for another 206,000 borrowers as part of a new repayment plan that offers a faster route to forgiveness
Source: latimes - 🏆 11. / 82 Read more »
Biden administration announces another round of loan cancellation under new repayment planThe Biden administration is canceling student loans for another 206,000 borrowers as part of a new repayment plan that offers a faster route to forgiveness. The Education Department announced the latest round of cancellations on Friday.
Source: KSLcom - 🏆 549. / 51 Read more »
Biden administration announces another round of loan cancellation under new repayment planDid you get an email about debt relief from the “Student-Loan Debt Department” after the White House’s latest debt relief plan announcement? Here’s why it’s a scam.
Source: wfaa - 🏆 543. / 51 Read more »
Biden administration announces another round of loan cancellation under new repayment planDid you get an email about debt relief from the “Student-Loan Debt Department” after the White House’s latest debt relief plan announcement? Here’s why it’s a scam.
Source: KVUE - 🏆 244. / 63 Read more »
Biden administration announces another round of loan cancellation under new repayment planDid you get an email about debt relief from the “Student-Loan Debt Department” after the White House’s latest debt relief plan announcement? Here’s why it’s a scam.
Source: KING5Seattle - 🏆 457. / 53 Read more »