Biden Administration Erases $1.2 Billion in Student Debt for 150,000 Americans President Joe Biden’s administration has made another significant move by cancelling $1.2 billion in federal student loans, benefiting over 150,000 borrowers. This action is part of the Saving on a Valuable Education (SAVE) plan, introduced in January, aimed at providing relief to Americans who have been repaying their student loans for at least ten years. Specifically targeting individuals who borrowed under $12,000 for their education, this initiative marks a step towards alleviating the financial burden of higher education. This latest cancellation brings the total student loan relief under the Biden administration to nearly $138 billion, affecting nearly 3.9 million borrowers. With 6.9 million people enrolled in the SAVE program, the number of beneficiaries is expected to rise, although the exact figure remains undetermined. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Crude Prices Dip Below $75 Amid Ceasefire Talks Between Israel and Hamas READ MORE CENTRAL BANKS REIGNITE GOLD’S BULL RUN READ MORE Gold hits fresh record as rate cut hopes build after data shows inflation ease READ MORE Inverted Yield Curve Signals Caution, But Economic Strength Defies Predictions READ MORE European Central Bank should cut in June to avoid falling behind inflation curve, policymaker says READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment