Published

8 million student loan borrowers would qualify for relief under Biden ‘hardship’ rules

  • The Biden-Harris administration proposed student loan cancelation rules that could help up to 8 million borrowers facing "financial hardship."
  • Borrowers with medical debt, high childcare costs, and low income may qualify for relief, according to the Department of Education.
  • U.S. Secretary of Education Miguel Cardona said the proposed rules aim to help those with "heartbreaking and financially devastating hardships" access relief.
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