Reported 30 days ago
The Biden administration has unveiled a new proposal aimed at providing targeted student loan forgiveness for Americans facing financial hardships. This initiative could benefit approximately 8 million borrowers and includes various options such as deferment of payments and flexible repayment plans. Amanda Hahnel from Fidelity Investments emphasizes the importance of borrowers staying informed and having a solid action plan while navigating these changes, as well as knowing their loan servicers and repayment obligations.
Source: YAHOO