Reading Time: < 1 minute The Biden administration announced Friday it would automatically forgive $39 billion in student debt for 804,000 borrowers. The relief is a result of fixes to the student loan system’s income-driven repayment plans. Under those repayment plans, borrowers get any remaining debt canceled by the government after they have made payments for 20 years or 25 […]
Source: Biden Cancels $39 Billion in Student Debt for More Than 800,000 Borrowers