Baller Alert
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
Baller Alert
No Result
View All Result

President Biden Announces Additional Student Debt Cancellation

by Iesha
January 12, 2024
Reading Time: 1 min read
0
Unpaid Medical Bills Banned from Appearing on Credit Reports Thanks to New Biden Administration Rule

WASHINGTON, DC - JANUARY 13: U.S. President Joe Biden gestures as he gives remarks on his administration's response to the surge in COVID-19 cases across the country from the South Court Auditorium in the Eisenhower Executive Office Building on January 13, 2022 in Washington, DC. During the remarks President Biden urged unvaccinated individuals to seek the vaccine and highlighted his plan to distribute free COVID-19 tests and masks to the American people. (Photo by Anna Moneymaker/Getty Images)

Share on FacebookShare on Twitter

President Biden announced the immediate cancellation of federal student debt for borrowers who took out less than $12,000 in loans and have been in repayment for at least a decade.

This applies to those enrolled in the income-driven repayment plan known as SAVE, offering relief ahead of schedule to ease financial burdens.

Out of 30 million eligible individuals for the SAVE plan, President Biden noted that only 6.9 million are presently enrolled.

The precise impact of the cancellation effort on the number of affected borrowers is not immediately clear.

“This action will particularly help community college borrowers, low-income borrowers, and those struggling to repay their loans,” Biden said in his statement.

Following a pause of over three years, numerous borrowers resumed repaying federal student loans in October.

The Supreme Court rejected President Biden’s pandemic-era debt relief plan last year, which aimed to eliminate up to $20,000 in student debt for approximately 43 million borrowers.

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Mastodon (Opens in new window) Mastodon
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...

Discover more from Baller Alert

Subscribe to get the latest posts sent to your email.

Related Posts

Panera Bread Settles Lawsuits After Charged Lemonade Blamed for Deaths and Heart Damage
News

Panera Bread Settles Lawsuits After Charged Lemonade Blamed for Deaths and Heart Damage

July 13, 2025

Panera Bread has settled every remaining lawsuit tied to its now-discontinued Charged Lemonade beverage, following intense scrutiny after multiple people...

Federal Judge Strikes Down Biden-Era Rule That Wiped Medical Debt From Credit Reports
News

Federal Judge Strikes Down Biden-Era Rule That Wiped Medical Debt From Credit Reports

July 13, 2025

A federal judge in Texas has struck down a Biden-era policy that aimed to erase medical debt from Americans’ credit...

Palestinian Activist Mahmoud Khalil Says Trump Admin Tried to Make an Example of Him After ICE Detention
News

Palestinian Activist Mahmoud Khalil Says Trump Admin Tried to Make an Example of Him After ICE Detention

July 13, 2025

Mahmoud Khalil, a Palestinian activist and former Columbia University student, is speaking out after being held in U.S. immigration detention...

Elon Musk Drags Donald Trump Over Jeffrey Epstein Defense: “Just Release the Files”
News

Elon Musk Drags Donald Trump Over Jeffrey Epstein Defense: “Just Release the Files”

July 13, 2025

Elon Musk isn’t here for Donald Trump’s latest Epstein rant. The Tesla CEO took to X Saturday night to react...

Next Post
World Economic Forum Prepares Against Disease X for Future Pandemics

World Economic Forum Prepares Against Disease X for Future Pandemics

Leave a ReplyCancel reply

Baller News

Subscribe To Our Newsletter

* indicates required

Follow Us

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

© Copyright 2024, Baller Alert Inc. All Rights Reserved

No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
%d