Biden Administration Erases $1.2 Billion in Student Debt for 150,000 Americans President Joe Biden’s administration has made another significant move by cancelling $1.2 billion in federal student loans, benefiting over 150,000 borrowers. This action is part of the Saving on a Valuable Education (SAVE) plan, introduced in January, aimed at providing relief to Americans who have been repaying their student loans for at least ten years. Specifically targeting individuals who borrowed under $12,000 for their education, this initiative marks a step towards alleviating the financial burden of higher education. This latest cancellation brings the total student loan relief under the Biden administration to nearly $138 billion, affecting nearly 3.9 million borrowers. With 6.9 million people enrolled in the SAVE program, the number of beneficiaries is expected to rise, although the exact figure remains undetermined. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Big banks are getting what they want from Washington READ MORE Billionaire investor Ray Dalio says he’s owning gold to hedge the risk of debt and inflation crises READ MORE Copper Homes in on $10,000 a Ton as Supply Angst Continues READ MORE Government Says, Inflation in December Was Even Lower Than First Reported READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment