Nearly 3 million borrowers won’t have to pay their student loans under a new Biden administration plan. And they ll get student loan forgiveness credit.
At President Biden s direction, a new student loan forgiveness plan is under development. And financial hardships could ultimately be a basis for automatic relief.
Student loan repayment is a disaster right now, and the consequences borrowers face can be dire. Here’s what’s going on, and what to do if you encounter problems.
Borrowers who want to qualify for student loan forgiveness under a key initiative may have only a few more weeks to take action. But the deadline could get extended.
Billing mistakes, forced forbearances, and other issues are interfering with loan repayment and derailing those who are pursuing student loan forgiveness.