Monday, November 15, 2021

Student loan forgiveness: US cancels another $2B in debt — but what about relief for all borrowers?

Money Wise reports:
Under President Joe Biden, the government has wiped out over $11.5 billion in student loans for select groups of borrowers. Now the Education Department says a new round of relief is coming, with notices going out in the coming weeks for about $2 billion in federal loan forgiveness. Education Secretary Miguel Cardona tells borrowers to check their email inboxes.
Is there anything the federal government can't do on a whim?