U.S. forgives 40,000 student loans, provides aid to 3.6 million more
The government said it was addressing “historical failures” to communicate to borrowers all the benefits they were eligible for in federal student loan programs.
U.S. Department of Education
U.S. Education Department announces $2 billion of student loans will be cancelled within weeks
Borrowers who are pursuing public service student loan forgiveness will be able to count previously ineligible student loan payments, get credit for late student loan payments that were late, and more.
HBCUs across the U.S. clear student balances and cancel debt with federal funds
Federal stimulus funds have enabled the U.S. Department of Education to make significant investments in under-resourced colleges and universities through the Higher Education Emergency Relief Fund, including more than $2.6 billion to HBCUs.
U.S. to erase student debt for those with severe disabilities
The Biden administration will automatically erase student loan debt for more than 300,000 Americans with severe disabilities that leave them unable to earn significant incomes. The move will wipe out more than $5.8 billion in debt.