Thursday, August 1, 2024
Biden administration reaches out to borrowers about proposal to cancel as much as $20,000 in accrued interest - The Washington Post
The proposed plan provides partial or full debt relief to borrowers in four circumstances: those who owe far more than they originally borrowed because of interest; those who have been paying for at least 20 or 25 years; those who attended career training programs that led to high debt loads or low earnings; and those who are eligible for existing forgiveness programs but never applied...
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