Biden Announces Another $7.7 Billion in Student Loan Cancelation
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Biden administration cancels an additional $7.7 billion in student loans
The latest round of debt relief will be delivered to about 160,000 borrowers who are either enrolled in the president’s repayment program, public servants or in repayment for decades.
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Biden to cancel $7.7 billion in student debt for 160K borrowers
President Joe Biden announced a new round of federal student debt forgiveness Wednesday that his administration said will provide relief to 160,000 borrowers. The Education Department said it's canceling $7.7 billion for certain borrowers who received Public Service Loan Forgiveness, like teachers, nurses and law enforcement officials. The debt relief also applies to some borrowers who signed up for a relatively new income-driven repayment plan known as SAVE and who qualify for a benefit that...
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Biden Administration Transfers Another $7.7 Billion in Student Debt to Taxpayers
Joe Biden announced he will be erasing $7.7 billion in student debt for 160000 Americans under the SAVE plan and other methods adopted by...