Student Loan Forgiveness
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 […]
If you haven’t been following the student loan forgiveness journey, currently the plan is being reviewed in a federal court. In the meantime, the Biden administration is extending its student loan repayment pause, which was set to expire at the end of the year, until June 30th, 2023. Payments will resume 60 days after the […]
Friday evening ended with a blocking to frustrate all, a federal appeals court has temporarily blocked President Biden’s student loan forgiveness plan halting any debt from being erased. This ruling comes less than a week after the application portal went live. Nearly 22 million people (more than half of qualifying borrowers) have signed up. White […]
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