New Student Loan Forgiveness Plan 2025. The department of education asked the supreme court on tuesday to lift a sweeping new block on president joe biden’s student loan repayment plan that aims. The administration’s new plan would cancel debt for all borrowers with only undergraduate student debt who entered repayment 20 or more years ago and cancel.
About 4.75 million borrowers have received $167 billion worth of federal student loan forgiveness. Under public service loan forgiveness, borrowers in public service for 10 years who have made 120 months of qualifying payments can get their remaining student debt canceled.
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