$500 Billion Student Loan Forgiveness Update ($10k/$20k, New IDR Plan, 0% Interest Ending)

Student loan forgiveness has been floating around congress and the headlines for the past few decades. Until 2020, it seemed like empty promises, but since Covid-19, the student loan forgiveness train has started gaining traction. It began with pausing student loan payments and granting 0% interest rates for the past 30 months, which has saved borrowers billions of dollars on its own. And now, the Biden Administration is pushing to forgive $10,000 to $20,000 of student loans.