$136 Billion in Student Debt Forgiven, So Far!
Transitioning smoothly from the excitement of Super Bowl Sunday, we are now witnessing a significant move in nationwide debt relief—a relief for many. Here is the latest:
- Plans are underway to forgive loan cancellations across the board.
- $136 billions of student debt has been forgiven for 3.7 million Americans since 2021. · An additional 75,000 people will become eligible for debt forgiveness every two months for the next four years.
- Additionally, the Education Department has announced plans to cancel the debt of those who have been in repayment for 10+ years and took out $12,000 or less.
- Eligibility hinges on enrollment in Saving on a Valuable Education (SAVE) plan.
2024 is looking brighter than ever—it is shaping up to be an excellent year for embarking on a path to financial freedom, thanks to these groundbreaking initiatives.
For more financial news and advice, keep up with Clarity Debt Resolution.