Biden Administration Expands Student Loan Forgiveness and Relief Efforts

Millions of borrowers benefit from new and improved forgiveness programs, including a no-payment option under the SAVE plan.

4.3 million borrowers approved for $0 monthly payments under the SAVE plan, offering a no-payment, no-interest year.
3.9 million borrowers receive student loan forgiveness through various Biden administration initiatives.
The SAVE plan introduces an expanded income exemption, allowing more borrowers to qualify for $0 payments.
A new student loan forgiveness plan focusing on financial hardship among other criteria reaches a major milestone in development.
Biden's efforts aim to provide relief to borrowers affected by the Supreme Court's ruling against a previous debt cancellation program.