Last Updated on August 14, 2024 by BVN
Overview: President Biden has taken another step towards student debt relief for approximately 30 million Americans, with the proposed rules bringing the total number of borrowers eligible for relief to over 30 million. The rules, if finalized, would provide partial or full debt relief for borrowers who owe more now than they did at the start of repayment, those who have been in repayment for decades, and others. Borrowers will only be eligible for the proposed relief if they have entered repayment at the time that the Department would be determining eligibility. More information about this debt relief is available to borrowers at StudentAid.gov/debt-relief.
Ellen Perrault
In May, the…
