$136 Billion in Student Debt Forgiven, So Far!

$136 Billion in Student Debt Forgiven, So Far!

Tracey Wilson

February 13, 2024
Biden Student Debt Relief

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.

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