Approximately 2,580 federal student loan borrowers in Rhode Island are eligible for debt relief under the Biden Administrations initiative to correct past servicing errors and the number of payments that count towards loan forgiveness under income-driven repayment (IDR) for student loans. Rhode Islanders could receive $109 million in IDR forgiveness.
The White House estimates these administrative fixes could erase $39 billion of federal student debt for more than 800,000 borrowers nationwide.
U.S. Senator Jack Reed says Rhode Island student loan borrowers deserve targeted relief and Congress must work bipartisan to fix the underlying problem of college affordability.
For too long, servicing errors and failure to keep accurate counts of…
Read the full article at: https://whatsupnewp.com/2023/07/senator-reed-new-biden-student-loan-debt-relief-would-help-over-2500-rhode-island-borrowers/