Approvals for student loan forgiveness under a popular program for public servants reached new heights last week, after the Biden administration announced a new wave

Days after announcing $4.28 billion in student loan relief, President Joe Biden abruptly withdrew two of the plans affecting thousands of recipients. With a few weeks left […]

The Biden administration has withdrawn two major plans to deliver student loan forgiveness. The proposed regulations would have allowed the secretary of the U.S. Department of Education to cancel student loans for several groups of borrowers, including those who had been in repayment for decades and others experiencing financial hardship.

The Biden administration walked away from two mass student loan forgiveness plans on Friday, marking an anticlimactic end to the efforts to enact broad student debt relief. Officials withdrew proposed regulations that would have allowed the initiatives to be implemented.

The Biden administration has cancelled $180 billion in student loan debt. Other forgiveness options remain at risk.

Around $4 billion in student loan forgiveness will benefit 55,000 public service employees through the Public Service Loan Forgiveness program

Biden's administration posted notices to withdraw its broader student-loan forgiveness plans. The Education Department wrote that it still stands by the legality of the debt relief among lawsuits. The plans aimed to cancel some student debt for over 38 million borrowers.

Student loans are one of the nightmares in a student’s life, but millions of students manage them in one way or another. This article will explore the latest update on the Biden student loan forgiveness 2024 program,

KEY TAKEAWAYS President Joe Biden's administration has scrapped a proposal to provide student debt relief to borrowers who experienced financial hardships.The Department of Education insisted the withdrawal was due to timing and the administration had the authority to administer this relief.