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President Joe Biden is joined by Education Secretary Miguel Cardona, left, as he announces new actions to protect borrowers after the Supreme Court struck down his student loan forgiveness plan in the Roosevelt Room at the White House on Friday, June 30, 2023, in Washington, D.C. Student loan forgiveness update: How borrowers can appeal for forgiveness
More than $5 billion in aid will go to about 53,000 people who have worked in public service for 10 years or more, $2.8 billion in aid will go to about 51,000 people enrolled in income-driven repayment plans and the remaining $1.2 billion will go to 22,000 student loan holders with disabilities. The forgiveness comes after federal student loan payments resumed on October 1 after being put on hold for three years due to the coronavirus pandemic.If you purchase a product or register for an account through a link on our site, we may receive compensation.
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