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Biden Administration Expands Student Loan Forgiveness Options and Approves Discharges
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The Biden administration is expanding options for student loan forgiveness based on financial hardships, including new programs and pathways to forgiveness. Additionally, a new student loan forgiveness plan under the Higher Education Act is being developed. The administration is also approving student loan forgiveness under various programs, impacting millions of borrowers.
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How will the new bankruptcy guidance affect the process for borrowers experiencing undue hardships?
What are the potential consequences for student loan servicers if more borrowers switch to different servicers?
What are the specific criteria for hardship in the new student loan forgiveness plan?
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