Federal Student Loans
President Joe Biden announced the automatic cancellation of federal student loans for nearly 153,000 borrowers under the new SAVE program. This initiative, part of a broader repayment plan offering a quicker route to forgiveness, will see the first round of cancellations clearing $1.2 billion in loans for those who have been repaying for a decade […]
After months of waiting, President Biden announced a forgiveness plan that would impact millions of student loan borrowers. The new plan will cancel $10,000 in student loan debt for borrowers who earn less than $125,000 a year, or families who make less than $250,000. In the addition to the partial cancellation, the COVID-19 interest pause […]
New York & Massachusetts Democratic Senators Chuck Schumer and Elizabeth Warren, are looking for ways to jumpstart the economy. One of the ideas they are looking into involves cancelling student debt for Federal borrowers. Yesterday, the Senators introduced a resolution that asks the president to cancel up to $50,000 of student loan debt in an […]
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