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VA Student Loan Borrowers: Biden Canceling Some Debt

Posted on AllSides February 21st, 2024
From The Center

Eligible borrowers will begin receiving emails Wednesday from President Joe Biden and don’t need to take any action to receive the relief, the Education Department said. Borrowers eligible for federal student loan forgiveness are those enrolled in the SAVE (Saving on a Valuable Education) Plan who have been repaying their loans for at least a decade and who originally took out $12,000 or less in loans. Most income-driven repayment plans don’t forgive debt until the borrower has made 20 or 25 years of payments. In the first two weeks of...

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