Good News For Student Loan Borrowers

The Biden Administration continues to fight for student loan borrowers. Since taking office, the administration has been working on curtailing and reducing student debt. In fact, they put on hold, until the end of the pandemic, federal debt payments. AFT Local 212 COPE supports President Biden's and his administration's work to help students in this country by making college more affordable.

Now the Biden Administration is putting forward a new plan to help students. This is how Time Magazine describes it:

“Under the proposed changes, the Education Department is targeting borrowers who fall under four categories: those whose federal student loan balance exceeds what they originally borrowed, started paying off their loans 25 or more years ago, took out loans for programs that gave them “unreasonable” levels of debt, attended schools with “unacceptably high student loan default rates,” or who are eligible for certain repayment plans but have not applied for those programs.”

You can read the rest of the article HERE

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