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The Student News Site of Biola University

The Chimes

The Student News Site of Biola University

The Chimes

The Student News Site of Biola University

The Chimes

Millions receive federal loan relief

Millions receive federal loan relief
Former and continuing students will be eligible for partial, if not full, loan forgiveness.
Dalet Valles, Editor-in-Chief September 2, 2022

On Aug. 26, the Biden Administration announced a three-part plan to provide loan forgiveness to millions of students and graduates around the country. According to Forbes, student debt totals an estimate of $1.75 trillion, attributed to around half the population.  The debt forgiveness plan will...