Biden-Harris Administration Releases Proposed Rules to Authorize Debt Relief to Nearly Eight Million Borrowers Experiencing Hardship
October 25, 2024
October 25, 2024
WASHINGTON, Oct. 25 -- The U.S. Department of Education issued the following news release:
The (Department) today announced the next step in its ongoing efforts to provide student debt relief--a set of proposed rules that, if finalized, would authorize loan forgiveness for approximately 8 million borrowers experiencing hardship. If these rules are finalized as proposed, the Secretary of Education could waive up to the entire outstanding balance of a student loan when the Department . . .
The (Department) today announced the next step in its ongoing efforts to provide student debt relief--a set of proposed rules that, if finalized, would authorize loan forgiveness for approximately 8 million borrowers experiencing hardship. If these rules are finalized as proposed, the Secretary of Education could waive up to the entire outstanding balance of a student loan when the Department . . .