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| Name | 'SAVE' plan wipes student loan debt for 153,000 borrowers |
| Video Uploader | Video From Scripps News |
| Upload Date | This Video Uploaded At 21-02-2024 17:37:18 |
| Video Discription | Starting today, 153,000 people with student loan debt will get an email informing them their debt has been erased, it's part of the education department's $1.2 billion student loan forgiveness program called the SAVE plan. Eligible borrowers must have made at least 10 years of payments after having taken out federal loans of $12,000 or less for college. Those with balances of more than $12,000 may also be eligible once they have made another year's worth of payments for every $1,000 over the $12,000 limit. All eligible borrowers enrolled under a SAVE Plan have their debt forgiven after 20 or 25 years, depending on whether they borrowed money for graduate school. ------------------------------------- Join our newsletter at https://bit.ly/2q1tepr Follow us on Facebook: https://www.facebook.com/scrippsnews/ Follow us on Twitter: https://www.twitter.com/scrippsnews Follow us on Instagram: https://www.instagram.com/scrippsnews/ Follow us on TikTok: https://www.tiktok.com/@scrippsnews No5ZaUFpOUU |
| Category | News & Politics |
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