U.S. forgives 40,000 student loans, provides aid to 3.6 million more

Summary by Ground News

The U.S. Department of Education is working to implement steps for nearly 4 million federal student loan borrowers to reach loan forgiveness. The department estimates these changes will result in immediate debt forgiveness for at least 40,000 borrowers. The announcement follows a move by the Biden administration earlier this month to extend a moratorium that has allowed millions of Americans to postpone payments.

Published 11 months ago · Washington, United States

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Reuters

U.S. forgives 40,000 student loans, provides aid to 3.6 million more

Student loan debt is seen as a drag on the economy, burdening young professionals for years after graduation, while the wide availability of loans has contributed to rising tuition.

11 months ago·United Kingdom

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The Independent

Biden administration announces cancellation of student loans for 40,000 Americans

White House faces questions about what president can accomplish before midterms

11 months ago·London, United Kingdom

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USA Today

Millions closer to student debt forgiveness under new Biden administration changes

The Department of Education on Tuesday announced changes estimated to move millions of people closer to clearing their student debt.

11 months ago·United States

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CBS Local

Biden's Latest Student Debt Move Will Bring 3.6 Million Borrowers Closer To Loan Forgiveness

(CNN) — The Department of Education is making more changes to the federal student loan system that will help bring millions of borrowers — some of whom may have previously been in forbearance — closer to receiving debt forgiveness.These new actions, announced Tuesday, are the latest moves by the Biden administration to make it easier for federal student loan borrowers to receive forgiveness that they may already be entitled to under existing pro…

11 months ago·United States

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Associated Press News

Feds: Thousands may have student debt that should be erased

Record-keeping failures by the federal government may have left thousands of Americans saddled with student debt that should have been automatically canceled through a benefit for low-income borrowers, according to

11 months ago·United States

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CNN

Biden's latest student debt move will bring 3.6 million borrowers closer to loan forgiveness

The Department of Education is making more changes to the federal student loan system that will help bring millions of borrowers -- some of whom may have previously been in forbearance -- closer to receiving debt forgiveness.

11 months ago·Atlanta, United States

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