Several upcoming changes to the US Department of Education may lead to student loan forgiveness for millions of Americans. The department is reviewing reassessed payment timelines and public services loan forgiveness as potential options for debt relief.
The price of knowledge. American student loan debt exceeds $1.7T, more than credit card or auto debt. A quarter of borrowers are in delinquency or default. If these changes are approved, 8% of borrowers could apply for relief.