Biden student loan forgiveness : All you need to know

Student loan forgiveness Biden

The Biden student loan forgiveness comes days after the Biden-Harris administration issued five rounds of student loan forgiveness.

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Congressional progressives ramped up pressure on the Biden administration for a sweeping order to forgive student loan debt, shifting focus once again to one of their top priorities after the House passage of the social spending bill on Friday.

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In March, Education Secretary Miguel Cardona stated that debtors with accepted “borrower defense to repayment” claims would have their student debt forgiven. This is the first of three rounds of student debt forgiveness scheduled for this year, with the goal of assisting borrowers who attended institutions that were found to have engaged in fraudulent or unlawful activities.

According to the Education Department, more than 30,000 debtors are obtaining debt relief worth an estimated $2 billion in this first wave. At least 10,000 people have already had their balances erased, and the others will get a fresh start in the following weeks over the new Biden student loan forgiveness.

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Hello, my name is Matthews Martis , and I'm a writer who is passionate about exploring the intersections of finance and technology. With over a decade of experience as a financial analyst and technology consultant, I bring a unique perspective to my articles. My goal is to humanize these fields by sharing stories that showcase the impact they have on our lives, communities, and the world. I aim to create articles that are not only informative but also engaging and thought-provoking. I want my readers to feel empowered and inspired to tackle the challenges of the future. My writing isn't just about numbers and data, though. I believe that finance and technology are at the forefront of shaping the world we live in, and I'm passionate about exploring the human stories behind these topics. Through my articles, I aim to provide a fresh perspective on these fields by weaving in personal stories and insights that you won't find anywhere else. I understand that finance and technology can be complex and intimidating, so I strive to provide information that is clear, concise, and easy to understand. Building a relationship of trust with my readers is essential to me, which is why I welcome feedback and questions from my audience. I understand the importance of transparency and honesty, and I promise to provide accurate and reliable information. If you have any questions or feedback, I'd love to hear from you. Chat me at


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