The Biden administration released data this week on a new initiative designed to make it easier for borrowers to discharge their student loans in bankruptcy.
Millions of borrowers have received federal student loan forgiveness during the last two years, and additional cancellation is in the works under several Biden programs.
There may be even more student loan servicing changes coming and it couldn’t be happening at a worse time, as many struggle to navigate repayment and loan forgiveness.
The Biden administration implemented new rules governing a student loan forgiveness program for public servants, expanding the types of jobs that can now qualify.