Tag: Borrowers

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Biden Will Try Again to Wipe Out Student Loan Debt for Millions of Borrowers

By adminBiden, Borrowers, Debt, Loan, Millions, Student, Wipe

President Biden will announce a new effort on Monday to reduce or eliminate student loan debt for millions of borrowers, an election-year attempt to revive his goal of providing large-scale relief for Americans struggling to pay off their college loans, a person familiar with the plan said Friday. Mr. Biden is expected to preview new…

Biden Cancels $1.2 Billion in Student Loan Debt for 150,000 Borrowers

By adminBiden, Billion, Borrowers, Cancels, Debt, Loan, Student

President Biden announced the cancellation of an additional $1.2 billion in student loan debt for about 153,000 borrowers on Wednesday, his latest effort at student debt relief after the Supreme Court blocked a more sprawling plan last year. Mr. Biden has now canceled $138 billion of student debt for almost 3.9 million borrowers through about…