The department of education (department) today will begin notifying more than 804,000 borrowers that they have a total of $39 billion in federal student loans that will be. A federal appeals court on thursday temporarily blocked a key biden administration student loan forgiveness and repayment plan.
Supreme court has struck down president biden’s plan for federal student loan forgiveness, meaning millions of federal borrowers will not see their debts. In a new wave of student loan forgiveness, the biden administration is canceling $5 billion in debt for 74,000 borrowers, many of whom worked in public sector.
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