What to Know About Biden’s Student-Loan-Forgiveness Plans
Borrowers who have been in repayment for more than 20 years Biden’s new plan aims to automatically cancel the undergraduate debt of anyone who has been repaying their loans for 20 years (since July 1, 2005) and forgive the graduate-school debt of anyone who has been in repayment for 25 years (since July 1, 2000).