Joe Biden on Student Loans: Will This New Plan Let You Get Out of Paying Back? [2023]

Joe Biden on Student Loans: Will This New Plan Let You Get Out of Paying Back? [2023]

ByNWC Editorial Team

In the new plan for paying back student loans that the Biden administration announced on January 10, more borrowers could see their monthly payments drop to $0. President Biden’s plan to forgive more federal student loans isn’t certain, so the U.S. Department of Education (ED) has proposed changes to income-driven repayment (IDR) plans that could…

Student Loan: Millions of Americans Will Benefit from the New Federal Law

Student Loan: Millions of Americans Will Benefit from the New Federal Law

ByNWC Editorial Team

A new federal law signed last month will benefit millions of Americans who owe student loans. Student Loans Millions of Americans have been greatly affected during the pandemic and the number of students who applied for student loans increased. It is estimated that nearly 43 million owe a combined $1.8 trillion in student loans. In…