Today, President Biden announced the approval of $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in the Saving on a Valuable Education (SAVE) repayment plan. The Biden-Harris Administration has now approved nearly $138 billion in student debt cancellation for almost 3.9 million borrowers through more than two dozen executive actions. The…
I believe they are doing the best they can, and I’m happy for the people who got their loans forgiven.
Yup, student loans are awful and non-dischargable debt - any that get paid off are cause for celebration.
Is there any change in the future? Say 5 years from now, will people still get their loans forgiven, or is this only a snapshot payment ?