The impacted borrowers are people enrolled in the SAVE Plan.
FILE - President Joe Biden speaks to members of the media before boarding Marine One on the South Lawn of the White House in Washington, Tuesday, Jan. 30, 2024. Occupants of the White House have grumbled over news coverage practically since the place was built. Now it's Biden's turn: With a re-election campaign underway, there are signs that those behind the president are starting to more aggressively and publicly challenge how he is portrayed.
The people receiving debt relief beginning Wednesday are those who enrolled in the newest student loan payment plan, called theAnyone enrolled in thewho took out less than $12,000 in initial loans and has been paying them down for the past 10 years or more will have them forgiven. FILE - President Joe Biden speaks to members of the media before boarding Marine One on the South Lawn of the White House in Washington, Tuesday, Jan. 30, 2024. Occupants of the White House have grumbled over news coverage practically since the place was built. Now it's Biden's turn: With a re-election campaign underway, there are signs that those behind the president are starting to more aggressively and publicly challenge how he is portrayed.Who are the other 3.
The Biden administration has now processed relief for more than 793,000 borrowers through fixes to the Public Service Loan Forgiveness program , which allows for debt relief for people in jobs like firefighting, nursing and teaching after 10 years of continuous payment. The PSLF and income-driven repayment fixes are considered minor fixes to an already-broken system in the student loan apparatus that the Biden administration has now addressed.
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