4 million borrowers could be cut from of Biden’s student loan forgiveness.
From Daily
Mail UK
“The Biden administration quietly announced a
change in its student debt forgiveness program on Thursday that could exclude
up to 4 million borrowers with loans owned or backed by private companies.
“The u-turn by the federal government comes after the first legal
challenges were filed to the policy and following criticism of the huge costs
to taxpayers. Critics also claimed the plan is an illegal use of President Joe
Biden's executive power.
“The Education Department announced that privately-held loans won't
qualify for the relief plan, which the Congressional Budget Office said earlier
this week could cost $400 billion over a decade.”
Link at Knuckledraggin
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