Tag: debt forgiveness
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Debt Forgiveness Expectations Lead Student Loan Recipients to Increased Spending, Survey Finds
The survey revealed that a significant number of borrowers spent money they would not have otherwise, driven by the belief that at least a portion of their debt forgiveness would be forgiven. A recent survey conducted by Intelligent.com has shed light on the financial behavior of student loan recipients who anticipated debt forgiveness under the…
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Eligible Borrowers Must Meet Criteria To Qualify For Student Loan Forgiveness
The Biden administration unveiled its proposal to address the country’s increasing student loan debt in late 2022. While the proposal included numerous initiatives to assist in lower student loan loads, the most prominent was debt forgiveness of up to $20,000 for all eligible students. Qualified Borrower Must Meet Specific Requirements To Qualify For Biden’s Student…