In order to assist working and middle federal student loans debtors as pandemic-related relief runs out, President Biden, Vice President Harris, as well as the U.S. Department of Education has unveiled a three-part proposal. Up to $20,000 in loan forgiveness is included in this strategy.
1. The repayment of student loans suspension has been extended in full.
The Biden-Harris Administration has repeatedly prolonged the student loan repayment moratorium due to the economic difficulties brought on by the pandemic.