The Biden administration has cleared student loan debt for thousands of Americans. Will Sealy, co-founder and CEO of Summer, joined 'Stretching Your Dollar' to talk about the 'Save Program,' which is aimed at helping borrowers lower their monthly payments. He also talked about eligibility and who could have debt completely cleared.

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Biden Proposes Canceling Student Loan Interest to Tackle Debt Crisis
The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
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