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Student Loan Forgiveness

More than 41,000 public service workers have sought federal student loan forgiveness. Just 206 have received it. The 0.5 percent success rate has frustrated applicants, student advocates and consumer groups, who say borrowers made education and career decisions based on the government's promise that their loans would be forgiven. "It’s clear that it’s not working, and that public servants who thought they had a deal aren't getting the benefit of that deal," says Daniel Zibel, vice president of the National Student Legal Defense Network. Source 6q.

Forgiveness Loan Student

Biden administration cancels a total of $1.5 billion of student debt. The Department of Education announced Friday that $55.6 million of student loan debt would be canceled, bringing the total amount to $1.5 billion. Source 4z.

Student Loan Forgiveness UFO & Writing Art Education Sciences

That will bring a lot of happiness to people who have been worrying how they will pay for their education.

Forgiveness Loan Student

Half a million people are expected to benefit from student loan forgiveness in a federal overhaul — some of them immediately. More than a decade after the program's inception, thousands upon thousands of borrowers have applied for Public Service Loan Forgiveness. The federal government has rejected nearly all of them. That is expected to change, starting today. Some people will get relief automatically, and some will have to apply. Source 6a.

Forgiveness Loan Student

Biden expected to announce Wednesday $10,000 of student loan forgiveness for millions of borrowers. The debt cancellation would be limited to borrowers with household incomes of $125,000 or less, and would apply only to people with federal loans, not private ones. Source 7j.