skip to main |
skip to sidebar
- Education Secretary Miguel Cardona called the current student loan system a 'life sentence' for millions of low-income borrowers in a Tuesday statement
- The actions taken by Cardona's department will make nearly 4 million Americans eligible for at least some student loan debt relief, the DoE promised
- The Education Department also accused student loan servicers of predatory 'forbearance steering' practices rather than giving borrowers a better option
- It says servicers are inappropriately leading borrowers into forbearance when many could be eligible for $0 payments under income-based repayment plans
- Roughly 41 million people collectively own $1.6 trillion in U.S. student loan debt
- Progressive Democrats including AOC want to swipe all student debt
- Biden has extended the freeze on payments during the pandemic
No comments:
Post a Comment