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Biden-Harris Administration Approves $1.2 Billion in Loan Forgiveness for Over 150,000 SAVE Plan Borrowers

February 24, 2024

By Karen Stokes The Biden-Harris Administration announced that it will automatically discharge $1.2 billion in loans for nearly 153,000 borrowers who are eligible for the shortened time to forgiveness benefit under President Biden’s Saving on a Valuable Education (SAVE) Plan. There are 7.5 million borrowers who are now enrolled in SAVE, 4.3 million of whom […]

Popular Interests In This Article: Biden-Harris Administration, Karen Stokes, Miguel Cardona, Saving on A Valuable Education, Student Loan Forgiveness

Over 4 Million Student Loan Borrowers Embrace the New SAVE Plan

September 9, 2023

By Karen Stokes The U.S. Department of Education announced on Tuesday that more than 4 million student loan borrowers enrolled in the Biden-Harris Administration’s new Saving on A Valuable Education (SAVE) income-driven repayment (IDR) plan. This includes those who were transitioned from the previous Revised-Pay-As-You-Earn (REPAYE) plan. Additionally, the Department has received more than 1.6 […]

Popular Interests In This Article: Biden-Harris Administration, Income-Driven Repayment, Joe Biden, Karen Stokes, Revised-Pay-As-You-Earn, Saving on A Valuable Education, Student Loans



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