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People with student debt can now apply for loan forgiveness from the federal government via a form officially released on Monday.
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"It's easy, it's fast," Biden said in a press conference announcing the launch, noting applications take less than 5 minutes and can be done on desktop or phone.
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Divorced borrowers who have been on the hook for their ex's student debt are finally getting the fix they need. But the Education Department's radio silence makes the win bittersweet.
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The cost of the White House's student loan forgiveness plan is an estimate over a 30-year period and will add to the country's deficit, the Congressional Budget Office said in a report.
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In the search for next steps on the government's loan forgiveness plan, some borrowers are finding fake emails and texts instead of real answers.
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More than 20 Republican governors signed a letter to the Biden administration criticizing his plan to pay off student loan debt for millions of borrowers.
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In a letter to Biden, Republican governors say they support "making higher education more affordable" but don't want to "force American taxpayers to pay off the student loan debt of an elite few."
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Veterinarian clinics in rural towns have been dramatically declining in numbers for decades. Rural veterinarians often get paid less than urban practitioners, take on more workload, and carry thousands of dollars in debt from medical school.
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Seven states have tax policies on the books that could require them to treat student loans canceled by the federal government as taxable income.
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Can you get a refund on payments you made during the pandemic? How do you know if you made too much money to qualify? Answers to these questions and more.