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Biden administration plans to ease rules for income-based student-loan forgiveness

4 min read . Updated: 10 Jan 2023, 07:47 PM IST Gabriel T. Rubin, The Wall Street Journal

As of March 2013, there were 25,09,465 education loan accounts with a total outstanding of `53,520 crore. Over 5% of student loans outstanding had turned bad, up from 2% in 2008. Photo: Jupiterimages

Proposed plan would allow low earners to pay less and wipe out college debt more quickly

The Biden administration on Tuesday released a detailed plan that will make it easier for student-loan holders to wipe out their debts using income-driven repayment plans.

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Biden administration plans to ease rules for income-based student-loan forgiveness

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