The plan would provide relief to as many as 30 million borrowers, the White House says.
Families paying full price for an Ivy League school could face a bill of more than $350,000 for four years.
Delays stemming from a revamp of the federal financial aid application have obscured key pricing information.
Starting this year, the SECURE 2.0 Act allows unused 529 plan funds to be rolled over into Roth IRAs without taxes or penalties.
Some elite universities have pivoted back to mandatory testing.
A $1 billion donation will make Albert Einstein School of Medicine free, but more systemic changes are necessary.
The updated Free Application for Student Aid has been plagued by delays and glitches.
Starting this year, SECURE 2.0 allows unused 529 plan funds to be rolled over into Roth IRAs without taxes or penalties.
Schools reporting new instances of impairment, such as defaults, jumped from three in 2022 to 17 in 2023.
It's a painful choice: to save either for college or retirement. But new saving rules make it easier to do both at the same time.
Roughly 3.9 million Americans have received some form of loan forgiveness in the last year.
Residents in the Lone Star State will receive $116.6 million of the $1.2 billion awarded.
The move benefits those enrolled in the government's Saving on a Valuable Education (SAVE) plan.
President Biden has sought a "Plan B" for debt relief after one plan was shot down in court.
People are questioning whether four-year degrees are worth it, especially in fields of study that don't lead to high-paying jobs.
Almost 74,000 student loan borrowers will see debt canceled as a result of the move.
Nearly 70 groups are seeking broader relief than the Biden administration's draft plan offers.
About 40% of those with federal debt benefited from leniency measures after the pandemic pause on payments ended in October.
Harvard received 7,921 applications for non-binding early admissions, compared with 9,553 last year.
Analysts have been debating the impact on household finances and the economy as Americans resume student loan payments.