President Biden Unveils Another Plan to Help Cancel Student Loan Debt, Some Borrowers Are Skeptical

"Student loan debt forgiveness is something millions of Americans would like to see happen. Anne Schlotman an Indianapolis resident is one of those borrowers," WRTV reports.

..."'Aside from that financial hardship category, all of this should be happening automatically behind the scenes,' Jill Desjean with the National Association of Student Financial Aid Administration said. 'Students should just learn that they qualify for this forgiveness when the department ultimately implements it.'

The National Association of Student Financial Aid says that it's unclear what the regulatory guidelines will be when it comes to what qualifies as financial hardship. But they say legal challenges are less likely in this proposal than the one struck down by the supreme court.

'Less likely than with the broad scale loan forgiveness because they have identified these very specific populations of people who really you know had they had done just one other thing right they would have gotten loan forgiveness,' Desjean said."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

 

Publication Date: 4/9/2024

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