As of today, federal student loan borrowers with private loans will now now not have the opportunity to qualify for consolidation or some other relief provided by President Biden’s student loan forgiveness program, per a shocking decision by the U.S. Department of Education.
In August, he discussed his plans to handle the country’s massive student loan debt. This included forgiving $10,000 for borrowers earning lower than $125,000 per yr and lengthening the payment moratorium until the tip of the yr. The plan also stipulated that low-income college attendees who qualified for Pell Grants will receive as much as $20,000 in student loan forgiveness.
“In step with my campaign promise, my Administration is announcing a plan to present working and middle class families respiration...
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