Biden is About to Lower Interest Rates for Millions of Borrowers
Joe Biden’s new Income-Driven Repayment plan would result in many borrowers indefinitely paying 0% interest on their federal loans.
Joe Biden’s new Income-Driven Repayment plan would result in many borrowers indefinitely paying 0% interest on their federal loans.
Borrowers may qualify for up to $20,000 in student loan forgiveness, but some immediate action may be required.
Two weeks before the scheduled repayment restart and Biden still has not announced what is next for student loan borrowers.
Getting things right on federal student loan forgiveness could be nearly impossible for Joe Biden. He will anger millions no matter what he does.
Biden’s options to help private student loan borrowers struggling with their debt are limited, but assistance is possible.
Two recent programs announced by the Department of Education make the path to student loan forgiveness significantly less complicated.
Now is the time to tweak your federal loans to make sure you maximize any upcoming student loan forgiveness.
Members of Congress are calling for President Biden to forgive up to $50,000 in federal student debt. For borrowers, the upside is obvious, but there is also a huge downside.
EICR has potential to lower monthly payments for borrowers, but early drafts leave plenty of room for improvement.