to eliminate some student loans from eligibility for forgiveness, a major reversal as the Department of Education makes final preparations to launch debt relief applications.
As of Thursday, borrowers with student loans through the Federal Family Education Loan program and Perkins Loans who have not already consolidated their debt into direct loans will now no longer be able to do so and are no longer eligible for federal debt relief, the Education Department now says. Those programs, though federally guaranteed, are held by private institutions.
At this point, the Education Department"is assessing whether there are alternative pathways to provide relief to borrowers with federal student loans not held by ED, including FFEL Program loans and Perkins Loans, and is discussing this with private lenders," the department says on its website.
Can they reverse the secret investments of congress? Never ever - yet students who are struggling to make ends meet do not qualify. What a moronic action
Polling showed most Americans wisely hated Biden's plan.
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