Borrowers with high medical debt, childcare costs and other financial burdens qualify for relief. (iStock)
The Biden-Harris administration recently released another proposal to help borrowers handle high-cost student loans. This round of student debt relief is designed to help students facing serious financial hardship.
The proposal would provide automatic relief to borrowers deemed likely to default on their loans in the next two years.
“College is meant to lead to a better life, but too many students end up struggling due to their student debt,” Under Secretary James Kvaal said.
“The ideas we are outlining today will allow us to help struggling borrowers who are experiencing hardships in their lives, and they are part of Pr…
Read the full article at: https://www.foxbusiness.com/personal-finance/student-loan-borrowers-facing-financial-hardship-qualify-debt-relief