Biden-Harris Administration Approves Additional Billions in Student Debt Relief
Diverse: Issues in Higher Education
JANUARY 22, 2024
With the 2024 presidential election on the horizon, the Biden-Harris administration is continuing its student loan debt relief efforts, this time approving nearly $5 billion. Dr. Stella Flores University of Texas at Austin The relief comes as a result of the IDR Account Adjustment, a temporary federal initiative enacted by the administration that gives borrowers retroactive progress towards 10- to 25-year repayment terms under income-driven repayment (IDR) and Public Service Loan Forgiveness (P
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