Despite failing to deliver his promise for broad student loan forgiveness, President Joe Biden has now overseen the cancellation of student loans for more than 5 million Americans — more than any other president in U.S. history.
A federal appeals court on Friday, Aug. 9 sided with states to block further implementation of a student loan repayment plan.
The Biden administration is cancelling an additional $1.2 billion in student loans for borrowers who work in public service through changes to an existing forgiveness program.
President Joe Biden has canceled another $1.2 billion of student loan debt.
Millions of borrowers will see their monthly student loan payments reduced starting in July.
The Biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs.
President Joe Biden has canceled another $5.8 billions of student loan debt.
The Biden Administration is taking another shot at creating a new student loan forgiveness program.
Starting Monday, hundreds of thousands of federal student loan borrowers will receive emails from their servicers with the subject line “Your student loans have been forgiven.”
The fate of President Biden’s plan to wipe out $400 billion dollars of student loan debt now rests with the Supreme Court.
