The Biden administration has approved over $116 billion in student loan forgiveness for 3.4 million borrowers across a variety of new initiatives, according to a recent Education Department update.
Despite last month’s Supreme Court ruling striking down Biden’s signature one-time student debt relief plan, other programs providing relief to borrowers remain intact. And even more student loan forgiveness is expected to be approved for borrowers in the coming months, as the administration works to implement new plans.
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