Biden Defines Student Debt Forgiveness for Borrowers ‘Experiencing Hardship’
BestColleges
FEBRUARY 23, 2024
The Department of Education over the last six months negotiated a student debt forgiveness plan for “borrowers experiencing hardship.” The plan would offer debt relief to borrowers with an 80% chance or higher to default on their loans soon. It also promises to create an application process for ongoing debt forgiveness. Higher education stakeholders agreed to greenlight the proposal despite some points of disagreement.
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