Who's getting student loan forgiveness after $7.7 billion in relief? Here's a breakdown

[Yo_Mama_Been_Loggin]

Student loan borrowers should keep eyes on their accounts in the coming months as the Biden administration pushes forward with student loan relief initiatives.

Following the Supreme Court's block on Biden's initial forgiveness program in 2023, the administration has continued to implement a series of programs to assist some of the 43.2 million borrowers struggling under America's $1.6 trillion in federal student loan debt.

Earlier this year, changes were made to the income-driven repayment Saving on a Valuable Education (SAVE) Plan, giving borrowers who originally took out $12,000 or less a chance to have loans completely wiped after 10 years of paying.

Earlier this month, the administration also announced an additional $7.7 billion in forgiveness for undergraduate loan holders, a precursor to another cut set to take place in July.

-more-

https://finance.yahoo.com/news/whos-getting-student-loan-forgiveness-100626018.html

[elocs]

1. As someone who repaid my student loan decades ago, I don't resent for a moment

any who have benefited from receiving student loan forgiveness. That's the job of the Party of Resentment, better known as the GOP.

[SarahD]

2. Yes. Same here.

Many people got tucked in with the government's help. Time to rescue them with the government's help.