Department of Education Pulls Back on Broad Student Loan Forgiveness Plan
December 25, 2024
December 25, 2024
WASHINGTON, Dec. 25 (TNSFR) -- The Department of Education (DoE) has announced the withdrawal of a proposed rule that would have granted targeted student loan forgiveness based on specific borrower circumstances.
The proposal, unveiled in April 2024, aimed to clarify the Secretary of Education's authority to waive loan repayments for borrowers facing hardship. It outlined various criteria for debt relief, including:
Loan balance growth exceeding the amount owed upo . . .
The proposal, unveiled in April 2024, aimed to clarify the Secretary of Education's authority to waive loan repayments for borrowers facing hardship. It outlined various criteria for debt relief, including:
Loan balance growth exceeding the amount owed upo . . .