More than 275,000 borrowers enrolled in Saving on a Valuable Education (SAVE), public service loan forgiveness (PSLF), and others who benefit from previously announced income-driven repayment plan adjustments will see student debt relief amounting to $7.4 billion applied on their accounts, the Biden Administration announced Friday.
The decision comes on the heels of a separate announcement of the Administrations broader student loan forgiveness program that would replace the plan the Supreme Court struck down last June. The scope of that debt relief would affect tens of millions of borrowers.
Todays announcement showsonce againthat the Biden-Harris Administration is not letting up its efforts to give hardworking Americans some breathing …
Read the full article at: https://time.com/6966468/bidens-billions-student-loan-forgiveness/