Tag Archives: SAVE

Jimmy Williams The Biden Administration has approved the cancellation of another $1.2 billion in student debt for approximately 153,000 borrowers who have diligently repaid relatively modest student loans over the past decade or more. This step is part of the administration’s commitment to address the challenges faced by student loan …

Ariana Figueroa, Florida Phoenix President Joe Biden announced Friday that some federal student loan borrowers will have their loans cancelled under the Department of Education’s new repayment plan. Starting next month, people who took out under $12,000 in federal student loans and have been repaying those loans for 10 years …

Julia Conley, Common Dreams Just as the Biden administration announced this week that 4 million people have enrolled in its new income-driven repayment plan for student loan borrowers just two weeks after it was launched, Republican lawmakers in Congress announced plans to rip the debt relief away from Americans—saddling them …

Ariana Figueroa, NC Newsline Following the Supreme Court’s summer ruling against 40 million federal student loan borrowers who would have qualified for debt relief, the Biden administration crafted a-year-long delay in repayments. The policy, known as an on-ramp, is set to begin next month. Additionally, hours after the Supreme Court’s …

The Biden administration has introduced a new initiative to address student loan debt after the Supreme Court blocked a plan to eliminate $10,000 to $20,000 in debt for borrowers. The Department of Education will implement a revised income-driven repayment (IDR) plan called “Saving on A Valuable Education” (SAVE), which aims …