USDA starts rollout of debt relief for socially disadvantaged farmers and ranchers
According to USDA, there are about 14,400 SDA borrowers with about $2.7 billion in debt, as well as another $400-million-plus that is delinquent. More than 80% of the borrowers hold direct loans and account for about 65% of the debt about $2 billion. The rest, guaranteed lenders, have about $1 billion. 5:30 am, Jun. 5, 2021 ×
U.S. Department of Agriculture s Whitten building. (Agri-Pulse photo)
The U.S. Department of Agriculture expects debt relief payments for socially disadvantaged farmers to begin in early June and continue on a rolling basis, but some farmers and lenders are still asking questions about how the new program will work.
The Federal Family Education Loan Program (FFELP) is a U.S. government student loan program that ended in 2010. But there are still many FFELP borrowers. Here's what to do if you have one.
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