Biden is forgiving $7.7 billion in student debt. Here's who qualifies.
The Biden administration says it has now wiped away $167 billion of student loans for 4.75 million people, or 1 in every 10 borrowers.
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The Biden administration says it has now wiped away $167 billion of student loans for 4.75 million people, or 1 in every 10 borrowers.
Typically, FAFSA forms are released on Oct. 1. But this year, the application forms came out three months late, on Dec. 30, 2023.
President Biden said that of the borrowers who can get their loans forgiven, nearly 44,000 are teachers, nurses, firefighters and others who are eligible for forgiveness after working 10 years of public service.
The Education Department said it will begin notifying borrowers on Friday about the automatic discharge.
Only 0.1% of people with college debt who filed for bankruptcy have tried to get their student loans discharged.
With the possibility of getting up to $20K forgiven tied up in the courts, experts list some steps borrowers can take.
The Department of Education's website now informs borrowers: "Student loan debt relief is blocked."
The application could be ready in early October and millions will be jockeying to get their loans relieved quickly.
President Biden has canceled up to $20,000 in federal student loan debt for eligible Americans. Here's how you can find out if you qualify.
Thousands of Marylanders with student loans will receive financial relief under a multi-state, $1.85 billion settlement with student loan provider Navient, Maryland Attorney General Brian Frosh said Thursday.
He put $3 million in the last fiscal year's budget for the program, and that has been doubled this fiscal year to $6 million.
The governor announced the launch of "Smart Work" for state employees after it was first announced last year.
