"Biden's Latest Student Loan Forgiveness Initiatives: A Comprehensive Guide"
TL;DR Summary
President Biden's student loan repayment program, known as SAVE, which aims to cut monthly payments in half for millions of borrowers, is facing legal challenges from Republican-led states. The lawsuits argue that the administration has exceeded its authority and that the program is a backhanded attempt to wipe debts clean. The SAVE plan, with over eight million enrollees, offers more generous terms than previous income-driven repayment programs and has already resulted in the cancellation of $4.8 billion in debts for 360,000 enrollees.
- Biden's Student Loan Repayment Plan Is Being Challenged. Here's What to Know. The New York Times
- Student loan borrowers could have up to $20,000 in interest forgiven as early as this fall—here's who qualifies CNBC
- Biden is canceling $7.4 billion in student debt for 277,000 borrowers. Here's who is eligible. CBS News
- Biden’s new student loan forgiveness plan: What you need to know Vox.com
- White House announces another $7.4B in student debt relief POLITICO
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