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President Joe Biden is joined by Education Secretary Miguel Cardona, left, as he announces new actions to protect borrowers after the Supreme Court struck down his student loan forgiveness plan in the Roosevelt Room at the White House on Friday, June 30, 2023, in Washington, D.C. Student loan forgiveness update: How borrowers can appeal for forgiveness
More than $5 billion in aid will go to about 53,000 people who have worked in public service for 10 years or more, $2.8 billion in aid will go to about 51,000 people enrolled in income-driven repayment plans and the remaining $1.2 billion will go to 22,000 student loan holders with disabilities. The forgiveness comes after federal student loan payments resumed on October 1 after being put on hold for three years due to the coronavirus pandemic.If you purchase a product or register for an account through a link on our site, we may receive compensation.
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Biden administration approves $9B in student loan forgiveness for an additional 125K borrowersPresident Biden approved another $9 billion in loan forgiveness Wednesday for 125,000 students who borrowed money to attend college, bringing the total canceled debt to $127 billion.
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Biden touts record on student debt relief after canceling $9B more in loansPresident Biden vowed to forge ahead on student loan forgiveness efforts for borrowers despite efforts by Republican lawmakers to derail his relief policies.
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Biden announces $9B of student debt relief as payments resumeThe White House's latest round of relief will help 125,000 borrowers.
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Biden Admin Cancels Another $9B in Student Debt, Affecting 125,000 BorrowersSee multiple perspectives from MarketWatch, Washington Examiner, and USA TODAY at AllSides.com.
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Biden to tout efforts to ease student debt, including $9B more in loan forgivenessThe president will give remarks on his administration's efforts to cancel student loan debt later Wednesday.
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Biden administration cancels $9 billion in student debt as payments restartThe administration is canceling student debt for 125,000 Americans. Federal student loan payments began again Oct. 1 following the pandemic era pause.
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