American President Biden Can Deliver Student Loan Relief
American President Biden appears to be close to a final decision on a collective student loan waiver.
For weeks now, top administrative officials have been saying that some sort of comprehensive student loan cancellation initiative is under serious consideration.
At the White House meeting, Biden called for a $10,000 student loan cancellation for borrowers.
Although no final decision has been made, there are indications that the administration will take a decision soon.
All students who feel they have been misled by their schools may be eligible for loan cancellation.
The waiver of $ 10,000 in federal student loans will cancel the loans of 16 million students.
Borrowers are required to submit a formal application for student loan waiver.
But after that the review and procedure has to be submitted by the officer of the education department or the contracted loan service of the department.