Tourist Submarine Sinks in Red Sea, Egypt: 6 Dead, 9 Injured and 39 Saved.
A tourist submarine sank off Hurghada, Egypt, 6 dead, 9 injured and 39 saved. Learn about the Red Sea tragedy, its victims, causes, and tourism impact.
Borrowers with low and moderate incomes can now get federal student loan debt relief thanks to President Joe Biden. As a result, the following commonly asked queries about who is eligible and what debts would be forgiven:
Table of contents [Show]
Accordingly, the plan only applies to federal student loan borrowers.
According to the US Department of Education, borrowers qualify for this relief if their household income is less than $250,000 or their individual income is less than $125,000.
The US Department of Education states: “[i]f you received a Pell Grant in college and meet the income threshold, you will be eligible for up to $20,000 in debt cancellation. If you did not receive a Pell Grant in college and meet the income threshold, you will be eligible for up to $10,000 in debt cancellation.”
President Biden will require borrowers to pay only 5% of their discretionary income monthly (vs. 10%) on undergraduate loans.
In the upcoming weeks, the Biden Administration will introduce a straightforward income application. Visit the US Department of Education subscription page to join up if you wish to be notified when the application opens.
No, according to President Biden, the student loan repayment moratorium was extended until December 31, 2022. There will be an automatic long pause. In January 2023, payments will start up again.
A tourist submarine sank off Hurghada, Egypt, 6 dead, 9 injured and 39 saved. Learn about the Red Sea tragedy, its victims, causes, and tourism impact.
Sunita Williams returns safely from the ISS on March 18, 2025, aboard SpaceX’s Dragon. Explore her celebrations, splashdown, and mission!
Trump imposes reciprocal tariffs on Indian goods from April 2, 2025, citing unfair trade. Learn about the consequences, India's response, and global reactions.