U.S. President Joe Biden speaks on the student debt relief plan as Secretary of Education Miguel Cardona (R) listens in the South Court Auditorium at the Eisenhower Executive Office Building on October 17, 2022 in Washington, DC.
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After the Biden administration’s gigantic setback at the Supreme Court over its sweeping student loan forgiveness plan, it almost immediately announced a new strategy to lower people’s debts.
Borrowers could see that relief this year, experts say.
However, far fewer people will benefit from the revised aid package, and the plan could be met with the same legal challenges as President Joe Biden’s first policy.
Here’s what borrowers should know about student loan forgiveness…
Read the full article at: https://www.cnbc.com/2024/01/02/why-2024-could-be-the-year-student-loan-borrowers-get-forgiveness-.html