#student-loan-debt

#student-loan-debt

Biden administration to cancel $1.2 billion in student loan debt for 153,000 borrowers under the SAVE Plan

Borrowers will receive debt forgiveness without further action after being approved for a shortened repayment period benefit.

Student loan borrowers over 50 are advocating for debt cancellation through organized protests, emphasizing their struggles and the need for financial relief.

The Biden administration canceled $6.1 billion in student loan debt held by 317,000 borrowers who attended The Art Institutes, citing fraud by the schools.

President Biden canceled $1.2 billion in student loan debt for over 150,000 borrowers to support economic growth.

Biden's executive actions have now canceled $138 billion in student debt for almost 3.9 million individuals.

Biden administration proposes student loan debt relief guidelines, including potential full balance waiver.

Wide student loan forgiveness may relieve financial burdens, impact major life decisions, and serve as a beneficial PR move for the Biden administration.

Massachusetts faces significant challenges for graduates trying to buy homes due to high student loan debt and real estate prices.

California has the highest total student loan debt in the U.S., totaling $146.7 billion, with an average debt of $36,891 per borrower.

Young professionals like Michael face the dual challenge of student loan debt and high housing prices, complicating homeownership aspirations.