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Michael StratfordPolitico |
"I hope this relief gives you a little more breathing room," the message says.
"We'll leave no stone unturned in the fight to fix a broken student loan system," Education Secretary Miguel Cardona said while unveiling the plan.
As it did with that first batch of borrowers, the agency said on Friday it would suspend interest on the accounts of affected borrowers and not...
They’re pressing the administration to exercise its legal authority to the “fullest extent” to maximize debt relief.
The draft regulatory plans outline what are essentially four separate student debt relief programs for different categories of borrowers.
The department said that in some cases MOHELA sent borrowers a bill only seven days before a payment was due.
About 28 million borrowers will be expected to make a payment in October.
Borrowers who fail to make their monthly payments won’t be reported as delinquent to credit bureaus, but there will be other repercussions.