The Biden administration withdrew two major student loan forgiveness plans Friday, just weeks before President-elect Donald Trump returns to the White House. Here’s a look at what it means for borrowers and student loan service providers.
The Details: The Education Department posted notices in the Federal Register that it was withdrawing two proposals that could have reduced student loan debt for millions of borrowers, including those with financial hardship and those who have been in repayment for years, CNBC reported.
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The department wrote that it was withdrawing the proposed rules due to “operational challenges in implementing the proposals.” It …Full story available on Benzinga.com
Biden Dumps Student Loan Forgiveness Plans: What It Means For Borrowers, Loan Providers Like SoFi
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