How to get student loan forgiveness.
how to qualify for automatic student loan cancellation
. While borrowers must apply for most student loan forgiveness, there are some circumstances in which student loan cancellation is automatic. With most student loan forgiveness, there are applications, paperwork and in some cases, long waiting periods. This creates uncertainty for student loan borrowers and more work for public servants in Washington who implement student loan cancellation. . One solution is to make student loan cancellation automatic for certain circumstances.
As the Biden administration considers next steps on student loan cancellation, expect more borrowers to qualify for student loan forgiveness. With a preference for targeted student loan cancellation over wide-scale student loan cancellation, these policy recommendations may help shape the future of student loan relief. As temporary student loan forbearance expires on January 31, 2022, make sure you fully understand all your options.
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