tag biden 
Collection Industry News
MARCH 21, 2023
The Biden administration’s plan to overhaul a federal student loan repayment program that pegs monthly payments to a borrower’s income would cost $230 billion over 10 years, according to a new estimate from the Congressional Budget Office – nearly double the price tag touted by the White House when it first proposed the plan in January.
Account Recovery
SEPTEMBER 28, 2022
The Biden Administration’s student loan debt cancellation plan will cost the government $400 billion, according to a report released yesterday by the nonpartisan Congressional Budget Office.
Troutman Sanders
FEBRUARY 26, 2024
On February 21, the Biden-Harris administration announced that it will automatically discharge $1.2 billion in loans for nearly 153,000 borrowers who are eligible for the shortened time to forgiveness benefit under President Biden’s Saving on a Valuable Education (SAVE) Plan. For more information, click here.
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