Days after announcing $4.28 billion in student loan relief, President Joe Biden abruptly withdrew two of the plans affecting thousands of recipients. With a few weeks left […]

The Education Department effectively halts the regulations before the inauguration of Trump, who has voiced opposition to both

KEY TAKEAWAYS President Joe Biden's administration has scrapped a proposal to provide student debt relief to borrowers who experienced financial hardships.The Department of Education insisted the withdrawal was due to timing and the administration had the authority to administer this relief.

Almost 55,000 Americans working in the public service will have their collective $4.28 billion worth of student debt forgiven, U.S. President Joe Biden announced Friday.

With just under a month left in his administration, President Joe Biden managed to fulfill one of his campaign promises, forgiving the student debts of nearly 55,000 borrowers. Do

President Biden announced on Friday he would be canceling more student debt for tens of thousands of public service workers, possibly his last major move on the issue before leaving office in a

The Biden administration says it is canceling federal student loans for another 55,000 public service workers through an existing forgiveness program.

Older borrowers are among the fastest-growing segments of the government’s student loan portfolio and their Social Security benefits are subject to garnishment.