Biden Admin Forgives $1.2B in Student Loan Debt Through SAVE Plan
BestColleges
FEBRUARY 21, 2024
President Joe Biden released a new student debt repayment plan in mid-2023. That new plan promises quicker forgiveness for those who borrowed $12,000 or less for their college education. Biden is delivering on that promise six months earlier than initially expected. His administration has now forgiven $138 billion in federal student loan debt through various executive actions.
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