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Partial Loan Forgiveness Could be the Next Big Student Loan Policy Change

Relief could be coming for borrowers facing out of control student loan balances.

Congressional Republicans wanted to prevent the one-time forgiveness program, and immediately end the payment and interest pause.

Proposed legislation from Congressional Republicans would end the federal student loan interest and payment pause.

President Biden has already forgiven billions of dollars in student debt to correct many student loan issues. More help is on the way.

In the next year borrowers could see monthly student laon bills slashed in half and major changes to Public Service Loan Forgiveness (PSLF).

The President’s request for a memo on cancellation is a big deal. It signals a major position change on student loan forgiveness for Biden.

After nearly a decade of closely watching student loan news and developments, I think some changes are on the horizon.

Biden isn’t calling for student loan forgiveness for all, but he does want to make some major changes to life with student loan in the United States.

Convincing more Americans to take action on the US student loan crisis will require a different strategy to community the problem.