Published 2 months ago

Biden administration to cancel another $1.2 billion of student loans

The Biden administration announced forgiveness of $1.2 billion in student debt for 153,000 borrowers under the SAVE program.
Borrowers with $12,000 or less in loans can qualify for debt relief after 10 years.
The government will contact potentially eligible borrowers for early forgiveness through the SAVE plan.

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The Independent

Biden cancels another $1.2bn in student debt

The loan forgiveness is part of White House’s SAVE plan

2 months ago·London, United Kingdom

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Reuters

Biden administration to cancel another $1.2 billion of student loans

President Joe Biden said on Wednesday his administration is cancelling $1.2 billion worth of student loans for nearly 153,000 people who are eligible under a program used to make good on his promises to increase loan forgiveness. Biden, a Democrat, last year pledged to find other avenues for tackling debt relief after the Supreme Court in June blocked his broader plan to cancel $430 billion in student loan debt.

2 months ago·United Kingdom

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NDTV

"They're Free To Chase Their Dreams": Biden Announces Student Debt Relief

US President Joe Biden, elected in 2020 largely thanks to young voters, on Wednesday announced he was extending his student loan forgiveness program by canceling the loans of an additional 150,000 Americans. "While a college degree is still a ticket to a better life, that ticket is too expensive," Biden said in a statement. "And too many Americans are still saddled with unsustainable debt in exchange for a college degree." During his presidency,…

2 months ago·New Delhi, India

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