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President Joe Biden<\/a><\/strong> is nearing the end of his presidential term and is dedicating time to the nation in his last few months \u2014 from dropping out of the upcoming election to his administration being allowed to move forward with the student loan forgiveness plan, per CNBC<\/em><\/a>. A federal judge lifted a temporary restraining order on the Biden administration\u2019s plan, which could provide relief to many Americans facing financial burdens due to student debt.<\/p>\n \u201cI\u2019m investing in the American agenda.\u00a0 We expect to create millions of jobs over the next decade.\u00a0 We\u2019ve already created over 15 million new jobs \u2014 15 million new jobs.\u00a0 And a significant number of these do not require a college degree, including across Wisconsin,<\/span>\u201d the 46th President stated while addressing<\/a><\/span>\u00a0the state of Wisconsin about the student loan forgiveness plan.<\/p>\n Learn more about the plan below.<\/p>\n This program aims to help pay off a substantial portion or the full amount of a student\u2019s debt. In an\u00a0address<\/span><\/a> in Wisconsin in April 2024, the 81-year-old President remarked,\u201cAnd altogether, my administration has taken the most significant action to provide student debt relief ever in the history of this country. We started by fixing two existing programs to get more people the student debt relief than their \u2014 that they were entitled to.\u201d He added, \u201cIf we do this, the economic gains will far outweigh the cost.\u00a0 And that\u2019s not hyperbole; that\u2019s the truth.\u201d<\/span><\/p>\n According to the Federal Student Ai<\/span><\/a>, website, to qualify for this plan, students must meet one of the following criteria: currently paying more than the initial loan amount, you started repaying your debt years ago, you qualify for the program but have not yet applied, or you have enrolled in low-value financial programs aimed at helping pay off your debts.<\/p>\n All information is available on the Federal Student Aid<\/span><\/a> website, or students can refer to President Biden\u2019s Instagram post <\/a> for details related to the loan forgiveness program.<\/p>\n \n\t\t<\/div>\n\n<\/blockquote>\n
What Is Joe Biden\u2019s Student Loan Forgiveness Plan?<\/h2>\n
Who Qualifies for Biden\u2019s Student Loan Forgiveness Plan?<\/h2>\n
How to Apply for Biden\u2019s Student Loan Forgiveness?<\/h2>\n