Biden to forgive $1.2 billion in student debt for 150,000 borrowers


President Joe Biden takes questions from reporters, after he delivered remarks in the State Dining Room, at the White House on November 09, 2022 in Washington, DC. 

Samuel Corum | Getty Images

The Biden administration said on Wednesday that it would forgive $1.2 billion in student debt for nearly 153,000 borrowers enrolled its new repayment plan, called The Saving on a Valuable Education, or SAVE plan.

The relief will go to borrowers who have been in repayment for a decade or longer, and originally took out $12,000 or less.

This is breaking news. Please check back for updates.

Read original article here.

Products You May Like

Articles You May Like

The True Story Behind How Godzilla Came Into Being Back In 1954
Lana Del Rey Headlines First Night of Coachella 2024: Watch
Your Old Droog Drops Madlib-Produced “DBZ” with Denzel Curry, Method Man
Satellites and Space Junk May Make Dark Night Skies Brighter, Hindering Astronomy and Hiding Stars From Our View
1980s Men’s Fashion: Power, Excess & Innovation Rule the Day