More than 43 million Americans collectively owe over $1.7 trillion in federal and private student loans. The idea of the government forgiving federal student debt has gained significant attention in recent years, with both Donald Trump and Joe Biden having used emergency powers during the pandemic to ease the financial burden on college graduates. However,
Although the government program to forgive student debt has benefited thousands of people, it only applies to borrowers of federal programs. Fortunately, some borrowers from private institutions are also already receiving the necessary help, especially when they were victims of predatory tactics by their lenders. In recent weeks, lending company Navient quietly launched a program
Student loan debt is a pressing issue for many individuals and families across the United States. To address the challenges of repayment, the government offers various options, including income-driven repayment (IDR) plans. Among these is the Saving on a Valuable Education (SAVE) Plan, tailored to provide relief for borrowers with low or moderate incomes. What