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Biden Administration Introduces Student Loan Forgiveness Programs
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Overview
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The Biden administration has implemented various student loan forgiveness initiatives, including the IDR Account Adjustment and the new HEA loan forgiveness program, to provide relief to borrowers who graduated many years ago. Additionally, the SAVE plan may lead to student loan forgiveness for borrowers with smaller original balances who enrolled in the program.
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How do the new student loan forgiveness programs work?
How does the SAVE plan potentially lead to student loan forgiveness?
What are the eligibility requirements for the IDR Account Adjustment and the HEA loan forgiveness program?
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