There have been plenty of rumors regarding federal student loan forgiveness, as well as several different plans that could bring this type of plan to fruition at least for some. For example, Senate Democratic Leader Chuck Schumer (D-NY) and Senator Elizabeth Warren (D-MA) have called for President Biden to forgive $50,000 in federal student loan debt per borrower through executive authority. In the meantime, the Biden administration once proposed forgiving a lower amount of up to $10,000 in federal student loans per eligible borrower.
Not surprisingly, there are income caps that would limit who can receive this assistance. There’s also an excellent chance that none of this will happen at all.
Fortunately, borrowers with federal loans…
Read the full article at: https://www.forbes.com/sites/robertfarrington/2021/04/02/real-help-for-student-loan-borrowers-outside-of-praying-for-loan-forgiveness/