... [+]through September. This relief has been in place since March 2020 due to the coronavirus pandemic.
Still, many advocates have been unhappy that loan forgiveness hasn’t been provided. Biden backed a plan to provideBut there is a silver lining from thefor at least some student borrowers seeking loan forgiveness under two existing loan forgiveness programs: income-driven repayment and Public Service Loan Forgiveness.
The federal government offers a number of income-driven repayment plans that limit the amount a student borrower pays each month based on their income. If a borrower’s income is low enough, they can qualify for $0 payments. After 20 years of payment under an income-driven repayment plan, their balance is forgiven. The low payments provide relief to borrowers who may face short-term economic hardship. And the forgiveness helps them if their higher education never led them to a job with wages sufficient to pay back their loans.
JustinTrudeau
__tinevimbo maybe?
This debt should be cancelled in full. That would be a huge boost for local economies and build huge faith from the public in their leadership.
Hey 👋!!!!!