2/21/24 - More Student Loans To Be Forgiven

Wednesday, February 21, 2024 at 7:54 AM

file image

Some 150,000 borrowers are set to get their student debt forgiven. They include many that are enrolled in the SAVE program.

(WASHINGTON D.C.) -The current administration has approved another $1.2 billion in student debt discharges for more than 150,000 borrowers. 

The Education Department says the latest loan forgiveness will target a specific group of borrowers who are enrolled in the Education Department’s repayment plan, known as the Saving On A Valuable Education program, or SAVE.  It adjusts monthly bills that are based on people's incomes.  

The announcement comes just before a group of federal negotiators are set to discuss broader plans for even more student debt relief.

Initially, the relief wasn’t set to be approved until later this summer.  

It’s not the first time in recent months the president has made direct appeals to some of the millions of borrowers whose student debt the administration is responsible for canceling. Biden sent a similar message to nearly a million borrowers last fall. 

More from Featured

On Air Now WCSG Music
Worship Through It Tasha Layton w/Chris Brown 2:01am
Believer Rhett Walker 1:57am
Encouraging Words From Your Bible

What this adds up to, then, is this: no more lies, no more pretense. Tell your neighbor the truth. In Christ's body we're all connected to each other, after all. When you lie to others, you end up lying to yourself.

EPHESIANS 4:25 | MSG
Family-Friendly Commercial-Free
91.3 WCSG
Grand Rapids / Lakeshore
88.3 WCXK
Kalamazoo
90.9 WCFG
Battle Creek
89.9 WCXB
Benton Harbor