President Joe Biden’s student loan forgiveness program. announced in August, will cancel up to $20,000 in debt per borrower. The application process is now open, and the administration says the forms should take five minutes to complete.
Borrowers who apply before mid-November should see forgiveness before Jan. 1, when payments on loans are scheduled to restart after a pause during the pandemic. Some Republican-led states have filed lawsuits to try to stop the cancellation, but the Biden administration says they’re confident the challenges won’t succeed.
LEARN MORE: [ Ссылка ]
Subscribe to Local 5 on YouTube: [ Ссылка ]
Add Local 5 on Roku: [ Ссылка ]
Download the We Are Iowa app: [ Ссылка ]
Get Local 5’s "5 Things to Know" email newsletter in your inbox: [ Ссылка ]
'Like' Local 5 on Facebook: [ Ссылка ]
Follow Local 5 on Twitter: [ Ссылка ]
Follow Local 5 on Instagram: [ Ссылка ]
