Biden Defines Student Debt Forgiveness for Borrowers ‘Experiencing Hardship’
BestColleges
FEBRUARY 23, 2024
.” The plan would offer debt relief to borrowers with an 80% chance or higher to default on their loans soon. Higher education stakeholders agreed to greenlight the proposal despite some points of disagreement. A borrower’s federal student loans enter default after nine months of continual missed payments.
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