Biden Administration to Forgive Student Loans for Long-Term Borrowers
By : Benzinga
Published On: 2024-01-12
1.9K Views
00:35
The Biden administration announced it would begin forgiving federal student loans for borrowers who have been in repayment for 10 years or more and originally took out $12,000 or less. To qualify for early forgiveness, set to begin next month, borrowers must enroll in the new Saving on a Valuable Education repayment plan. Under the SAVE plan, forgiveness usually takes 20-25 years, but the 10-year period applies to those meeting the loan amount and repayment timeline criteria. As of early January, 6.9 million borrowers were enrolled in SAVE, which the administration calls "the most affordable repayment plan ever created."
Watch More videos From Benzinga Channel
Trending Videos - 28 April, 2024
RELATED VIDEOS
00:47
Biden Administration Announces $4.9 Billion Student Loan Debt Forgiveness for 73,600 Borrowers
01:13
Biden Administration to Forgive $39B in Student Debt, Providing Relief for Over 800K Borrowers
Recent Search - April 28, 2024
Dill mill Gaya 605k قيامة ارطغرل الLa viuda joven capitulo 45bigg boss 11 25th novemberDOG HUMPING GIRLDiamante dhe dashuri 51夢のなかおかあさんといっしょIgra sudbine Epizoda 21Court decriminalises abortionwitchelif 1006 epizoda sa prevodomgirl kissing guysሰከሰ ቢደዮRusça padejlerReport: War cabinet sidelines
