As 2023 commenced, many federal student loan borrowers were hopeful to witness President Joe Biden’s campaign promise to forgive student debt materialize. However, on June 30, their hopes were dashed when the Supreme Court, in a 6-3 decision, blocked Biden’s plan to forgive up to $20,000 per borrower earning less than $125,000 annually.
Read MoreWhile President Joe Biden's ambitious student loan forgiveness plan faced a setback from the Supreme Court, the Biden administration has managed to alleviate federal loan burdens for millions of borrowers through alternative means. For many, this relief comes as a tax-free benefit from the federal government.
Read MoreExplore educational assistance for survivors and dependents. Learn about benefits, eligibility, and how to apply for this valuable program
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