Education Student Loan Forgiveness on the Way for 800,000 Borrowers The Promise of Debt Erasure More than 800,000 federal student loan borrowers will soon experience the relief they have long awaited. The U.S. Department of Education is set to notify these borrowers that their student loan debts will be automatically erased. This promise of debt […]
Biden‘s Plan to Forgive Student Loans Faces Challenges and Concerns Introduction President Joe Biden‘s plan to use executive action to forgive government student loans has been met with both anticipation and controversy. The plan aims to alleviate the overwhelming burden of $1.8 trillion in federal education debt that has tripled in the last 15 years. […]
The Biden Administration’s Student Loan Forgiveness Plan 1. What is Biden‘s plan? President Joe Biden unveiled a plan in 2022 to use executive action to forgive a significant amount of government student loans. The aim was to alleviate the burden of the $1.8 trillion federal education debt, which has more than tripled over the past […]