a sweeping new plan Monday aimed at erasing or lowering student loan debt for more than 30 million people, the second attempt to offer widespread forgiveness after the Supreme Court Saving on a Valuable Education
repayment plan and other income-driven repayment plans—including single borrowers earning $120,000 or less and married borrowers earning $240,000 or less. Debt would automatically be forgiven for eligible borrowers who have not applied for relief due to “paperwork requirements, bad advice, or other obstacles,” according to a White House press release—including those that took out $12,000 or less and have been in repayment for a decade under the SAVE plan; those enrolled ins repayment that have been working for 10 years and have made 120 months of payments; and other routes of forgiveness, such as...
The proposal would also cancel debt for more than 2.
Source: Education Headlines (educationheadlines.net)
Joe Biden Supreme Court Miguel Cardona Kamala Harris
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