The application for student debt relief is now available to the public. This comes a month after the Biden Administrations 3-part-plan to cancel a portion of federal student loan debt.
The White House issued a press release Aug. 24 detailing the Biden administration’s 3-part-plan to cancel a portion of federal student loan debt for low-income borrowers.
The U.S. Department of Education released its 2011 statistics in October indicating an increase in the number of borrowers who have defaulted on their student loans.
With the freedom of college life often comes students’ first exposure to the grown-up world of independent finance, with one commonality – student loan debt.
Outstanding student loans will hit $1 trillion this year, and that number will undoubtedly grow, but what does that number really represent? What once was a dog-eat-dog world has since turned into a sink-or-swim environment.