Exploring Alternatives to Biden's Student Loan Forgiveness Plan Amid Uncertainty.

1 min read
Source: Forbes
Exploring Alternatives to Biden's Student Loan Forgiveness Plan Amid Uncertainty.
Photo: Forbes
TL;DR Summary

The Supreme Court is expected to rule on President Biden's student loan forgiveness plan soon, but borrowers still have other potential paths to loan forgiveness. The IDR Account Adjustment, a new income-driven repayment plan, and updated regulations governing other federal student loan forgiveness programs are among the initiatives that could provide relief to borrowers. The Public Service Loan Forgiveness program will also get easier, with new regulations easing some of the longstanding restrictive rules that blocked many borrowers from relief in the past.

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