Biden's Student Loan Forgiveness: What's Next for Borrowers?
Sunday, Dec 29, 2024 9:54 am ET
1min read The Biden Administration's broad student-loan forgiveness efforts have come to an end, leaving borrowers wondering what's next. The administration's plan, announced in August 2022, aimed to provide relief to millions of Americans struggling with student debt. However, the U.S. Supreme Court invalidated the original plan in June 2023, and President Biden announced the Saving on a Valuable Education (SAVE) Plan as an alternative approach to forgiving student loan debt. The SAVE Plan officially became available to student loan borrowers in August 2023.
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