Reported 5 months ago
President Joe Biden's administration has expanded student loan relief to over 10% of Americans with federal student loans, approving more than 160,000 borrowers for debt forgiveness valued at $7.7 billion. This latest relief package benefits individuals in income-driven repayment plans and public servants with at least a decade of service. Overall, the Education Department's efforts to alleviate student debt have now reached around 4.75 million Americans, canceling an average of over $35,000 from borrowers' balances. Biden continues to push for student debt cancellation despite setbacks, with regulatory changes allowing more individuals to qualify for relief.
Source: YAHOO