"Millions in Student Loans Forgiven: Are You Eligible for Relief?"

The Biden Administration has initiated the forgiveness of $60 million in student loans for over 7,500 Ohioans enrolled in the income-driven SAVE plan, with more borrowers across the country expected to benefit from the $1.2 billion forgiveness program. Eligible borrowers must be enrolled in the SAVE plan, have made at least 10 years of payments, and originally taken out less than $12,000 in loans. The plan, designed for low- and middle-income borrowers, sets monthly payments based on discretionary income and has recently expanded to provide relief for more individuals.