Biden administration

Biden/Harris not giving up on easing student debt—announce more pathways to forgiveness

The Biden administration proposes new student debt relief regulations aimed at helping borrowers facing severe financial hardship, with automatic and application-based forgiveness options planned.

Student Loan Debt Drops $10 Billion Due to Biden Administration Forgiveness

The Federal Reserve Bank of New York reports a $10 billion decrease in student loan debt, with notable reductions for borrowers aged 18-29 and 40-49.