The Biden administration said Friday that is using existing student loan forgiveness programs to cancel another round of student debt, totaling $7.4 billion for 277,000 borrowers. Under President Joe Biden, the Department of Education has made it easier for some specific groups of borrowers, like public sector workers, to qualify for loan forgiveness. It also […]
Tag: Student loan debt
Biden ignores Supreme Court; bails out students
President Biden’s administration is officially rolling out its SAVE plan on Tuesday, its latest attempt to grant student debt relief after Biden’s more wide-reaching plan failed before the Supreme Court. Biden announced the plan alongside Education Secretary Miguel Cardona and other members of his administration on Tuesday. Under the SAVE plan, borrowers making roughly $15 […]