The Biden administration is promising nearly $40 billion in student loan forgiveness in a plan that could give relief to thousands of borrowers.
The Biden administration has framed the new policy as a correction to the way the monthly payments for income-driven repayment (IDR) plans are calculated. Some plans will forgive the remaining debt after 20 or 25 years of making qualifying monthly payments.
FULL STORY: https://www.11alive.com/article/money/georgia-student-loans-borrowers-forgiveness-dept-education-figures/85-d23e73fc-80dd-4af8-910a-c13856c9e941
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Who qualifies for latest student loan forgiveness plan, and what do you have to do?
The Biden administration has framed the new policy as a correction to the way the monthly payments for income-driven repayment (IDR) plans are calculated. Some plans will forgive the remaining debt after 20 or 25 years of making qualifying monthly payments.
FULL STORY: https://www.11alive.com/article/money/georgia-student-loans-borrowers-forgiveness-dept-education-figures/85-d23e73fc-80dd-4af8-910a-c13856c9e941
11Alive is Where Atlanta Speaks. We believe that news shouldn’t be a one-way conversation, but a dialogue with you. Join in, share your thoughts and connect with new perspectives.
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