Financial Services

Regarding loan forgiveness Biden, student debt was a significant theme in President Joe Biden’s 2020 campaign. Biden’s landmark proposal was to cancel up to $20,000 for each borrower struck down in June 2023. On top of that, plan B was to pass broad student debt cancellation, and the federal student debt program expanded its capacity vastly to forgive student loans under Biden administration. The present Biden discloses an income-driven repayment account adjustment to make it easy for borrowers to qualify for loan forgiveness. This article will dive deep into student loan forgiveness under Biden’s administration in detail.

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