U.S. Department Of Education To Relieve Student Loan Debt To Over 40,000 Borrowers
MIAMI (CBSMiami) – More than 40 million Americans owe more than a trillion dollars in student loan debt. This week, the Department of Education announced fixes to the system that could bring relief — or even immediate forgiveness — to millions of borrowers. Experts say they don’t know exactly how many people will get their loan balances wiped clean. “The system was rigged for people like me,” said adjunct professor Justine Hope Blau.Adjunct prof…
Changes to student loan programs could bring millions closer to getting out of debt, Education Department says
A review found some servicers had been placing borrowers facing financial difficulties into forbearance instead of giving them clear information about income-driven repayment options.
Education Department announces student loan fixes for millions of low-income borrowers
The Biden administration is taking another step to ease student debt for millions of borrowers—while still falling short of universal loan forgiveness. Income-driven repayment (IDR) plans were supposed to allow student borrowers who couldn’t afford...