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Department of Education announces more student loan changes

Summary by Ground News

The Department of Education announced Tuesday it's making changes to the system. The actions will benefit nearly 4 million people, bringing them a few years closer to forgiveness. The income-driven repayment program offers four repayment plans. It also promises loan forgiveness after at least 20-years worth of payments is completed.

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CBS Local

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U.S. Department Of Education To Relieve Student Loan Debt To Over 40,000 Borrowers

MIAMI (CBSMiami) – More than 40 million Americans owe more than a trillion dollars in student loan debt. This week, the Department of Education announced fixes to the system that could bring relief — or even immediate forgiveness — to millions of borrowers. Experts say they don’t know exactly how many people will get their loan balances wiped clean. “The system was rigged for people like me,” said adjunct professor Justine Hope Blau.Adjunct prof…

3 years ago·United States

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Daily Kos

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Education Department announces student loan fixes for millions of low-income borrowers

The Biden administration is taking another step to ease student debt for millions of borrowers—while still falling short of universal loan forgiveness. Income-driven repayment (IDR) plans were supposed to allow student borrowers who couldn’t afford...

3 years ago·United States

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