Paying off student loans can seem like an impossible task, especially when high interest rates mean loan amounts keep increasing. But student loan relief can provide a lifeline for borrowers in need.
Learn More: I’m a Retirement Planner: 7 Ways I Am Guiding Clients Now That Trump Won
Discover More: How To Financially Plan for the New Year Under the New Trump Presidency
A 2024 survey by the Consumer Financial Protection Bureau revealed that nearly 61% of borrowers who received debt relief reported the relief gave them the opportunity to make a beneficial change in their life sooner than they otherwise could have.
But with President-elect Donald Trump poised to take office in January, existing student loan relief programs are in jeopardy, meaning borrowers could face substantial changes to their monthly payments and their student loan debt.
In August 2022, the Biden-Harris…
