White House takes 2nd swing at debt forgiveness plan after Supreme Court rejection

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The White House launched the beta website for its new student debt forgiveness plan Sunday — one month after the Supreme Court struck down its initial plan.

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The Saving on a Valuable Education Plan website began taking applications in preparation for a full launch in the coming weeks, the Department of Education announced. The program will forgive monthly payments for low-income borrowers, and other eligible applicants will be able to have at least $1,000 per year on payments forgiven.

 

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