Another wave of student debt relief has rolled in for nearly 153,000 borrowers in the U.S.
The Biden administration announced on Wednesday it will wipe out $1.2 billion in student debt for certain borrowers who took on loans of $12,000 or less for college.
To qualify, borrowers must have made at least 10 years of repayments and be enrolled onto the governments new Saving on a Valuable Education (SAVE) Plan.
We are once again sending a clear message to borrowers who had low balances: if youve been paying for a decade, youve done your part, and you deserve relief, said U.S. Sec…
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