BonSmartway.com

Biden is expected to announce broad student-loan forgiveness

images source from en.wikipedia.org

In April, Biden extended the federal pause on student-loan payments through August 31

images source from en.wikipedia.org

He is expected to announce an extension of that pause — along with broad student-loan forgiveness 

image source from ndtv.com

Scott Buchanan, the executive director of the Student Loan Servicing Alliance — a group that represents federal loan servicers — wrote a letter to Education Secretary

images source from en.wikipedia.org

that any announcement at this late date, less than ten days before the  scheduled resumption of Sep-1, risks operational disruption

images source from en.wikipedia.org

Ten days is grossly insufficient notice to reprogram the massive and  interwoven systems that handle loan accounts

images source from en.wikipedia.org

The department has not yet commented on issues that might arise with a late announcement of relief

images source from en.wikipedia.org

But those two policies — debt cancellation and a payment pause extension — are still two major question marks,

images source from en.wikipedia.org

It's not final until it's final, but borrowers may finally receive news they've been waiting for since Biden took office.

images source from en.wikipedia.org

Other Stories

..................................................

BONSMARTWAY.COM

VISIT ON