President Joe Biden (AP Photo/Evan Vucci)
On Friday, the Biden administration announced its latest round of student loan cancellation.
More than 277,000 borrowers enrolled in the federal SAVE Plan, an income-driven repayment plan designed to lower payments, will receive debt relief. This announcement comes just days after President Biden announced a sweeping student loan forgiveness proposal wiping out debt for 30 million borrowers that would replace the one dashed by the Supreme Court last year.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
