Student Loan Forgiveness

FILE - President Joe Biden speaks about student loan debt relief at Delaware State University, Friday, Oct. 21, 2022, in Dover, Del. The Biden administration is no longer accepting applications for student loan forgiveness after a second federal court shut down the program. The Education Department says on its federal student aid website that it is seeking to overturn the court orders blocking the student debt relief program.

NEW YORK (AP) — President Joe Biden’s plan to provide up to $20,000 in federal student loan forgiveness has been blocked by two federal courts, leaving millions of borrowers wondering what happens next. The Justice Department on Friday asked the Supreme Court to reverse one of the lower court decisions, warning that many Americans will face financial hardship if the plan remains blocked.

Here's what to know if you've applied for relief:

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