It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
President Biden announced a revised plan to forgive student loans, which will benefit tens of millions of Americans. This plan is narrower than his original effort, but it targets specific borrowers with financial hardship or those who have been in repayment for a long time. The revised plan aims to forgive up to $20,000 of unpaid interest for borrowers and could erase or reduce balances for many. Biden hopes this effort will survive legal challenges and help address the burden of student debt in the country.
The Biden administration has forgiven almost $144 billion in student debt for around 4 million people. Those who don't qualify yet can check their eligibility for forgiveness programs like Public Service Loan Forgiveness, income-driven repayment plans, and over 100 other state-sponsored programs. Keep track of your progress towards meeting program requirements and take advantage of updates that make it easier to obtain forgiveness.
The Biden administration has forgiven $5.8 billion in student debt for 77,700 public service workers, such as teachers, nurses, and firefighters. This is part of a larger effort to address issues with the Public Service Loan Forgiveness program, which has faced administrative hurdles in the past. Additionally, President Biden will notify 380,000 public service workers that they'll be eligible for debt forgiveness within two years if they continue to meet program requirements.
