“The Biden administration has created a plan to bring 7.5 million Americans in default on their federal student loans back into good standing, restoring their eligibility for financial aid and removing the incident from their credit history,” the Washington Post reports. “Anyone now in default on a federal loan made directly by the department, Perkins loans held by the agency and old bank-based debt held by the department or private companies, is eligible for the program.

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Topics:  the biden   americans   washington post    anyone   perkins   pell   student   federal   loans   held   eligibility   default   department   
BING NEWS:
  • Biden sets up student loan borrowers for disappointment and hardship
    Millions of student loan borrowers will be in for a rude awakening in a few months. Since student loan payments restarted last fall, there's been a temporary safety net in place to shield ...
    04/10/2024 - 11:22 pm | View Link
  • Opinion: The GOP problem with student loan relief
    Republicans have blocked President Joe Biden’s efforts to forgive the crushing student loan debt plaguing so many Americans. Jill Filipovic argues that Biden should run on that message to generate ...
    04/10/2024 - 9:23 am | View Link
  • Biden's new student loan forgiveness plan could help 30 million borrowers. Here's who would qualify.
    describing it as potentially "life changing" for millions of Americans. About 43 million people are carrying $1.7 trillion in student debt, a burden that some borrowers and their advocates say ...
    04/9/2024 - 3:48 am | View Link
  • Biden renews push for student loan debt relief
    The Democratic president’s renewed push for student debt relief comes 10 months after the Supreme Court scuttled an earlier proposal to cancel up to $20,000 in federal student loan debt for 40 million ...
    04/8/2024 - 10:23 am | View Link
  • Biden announces new student debt relief plan for millions of borrowers
    The Biden administration announced new student loan plans Monday that would provide relief to millions of Americans ... The plans would give borrowers $20,000 in loan forgiveness for balances ...
    04/8/2024 - 2:46 am | View Link
  • More

 

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