American President Approved Around $ 170 Billion in Student loan

American President Approved Around $ 170 Billion in Student loan

With less than three weeks until the November election, the Biden-Harris administration reminded voters that goal had been achieved, even as Republicans challenged multiple efforts in court and complained about the historic cost of student loan relief.

With less than three weeks until the November election, the Biden-Harris administration reminded voters that goal had been achieved, even as Republicans challenged multiple efforts in court and complained about the historic cost of student loan relief.

Another round of forgiveness was announced Thursday, bringing the total amount of student loan cancellation to more than $175 billion for nearly 5 million people since President Joe Biden took office. That’s roughly equal to 11% of all outstanding federal student loan debt.

Another round of forgiveness was announced Thursday, bringing the total amount of student loan cancellation to more than $175 billion for nearly 5 million people since President Joe Biden took office. That’s roughly equal to 11% of all outstanding federal student loan debt.

More than 1 million student loan borrowers are taking advantage of the Public Service Loan Forgiveness program, which promises public workers, such as teachers and nurses, loan forgiveness after 10 years of adequate payments

More than 1 million student loan borrowers are taking advantage of the Public Service Loan Forgiveness program, which promises public workers, such as teachers and nurses, loan forgiveness after 10 years of adequate payments

“The administration has failed to deliver on its promises for too long; before Vice President (Kamala) Harris and I started work, only 7,000 people received access to Free Public Assistance.

Biden’s Education Department has made it easier for borrowers to qualify for PSLF, a stark contrast to former President Donald Trump, who repeatedly suggested ending the program while in the White House.

Biden’s Education Department has made it easier for borrowers to qualify for PSLF, a stark contrast to former President Donald Trump, who repeatedly suggested ending the program while in the White House.

Thursday’s announcement affects 60,000 borrowers currently approved for up to $4.5 billion in student loans under PSLF.

Thursday’s announcement affects 60,000 borrowers currently approved for up to $4.5 billion in student loans under PSLF.

Biden's signature one-time student loan plan was blocked by the Supreme Court last year. It would forgive up to $20,000 in student debt for many low- and moderate-income borrowers

Biden's signature one-time student loan plan was blocked by the Supreme Court last year. It would forgive up to $20,000 in student debt for many low- and moderate-income borrowers

In 2022, 16 million borrowers received an email from the Biden administration saying they were eligible for loan assistance, but the program never issued loans.

In 2022, 16 million borrowers received an email from the Biden administration saying they were eligible for loan assistance, but the program never issued loans.