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Tag: Brian Backstrom
Students
Policy Brief Suggests Reforms to Address Student Debt Crisis During the Pandemic
In the first draft of the $2 trillion United States federal government stimulus package, a cancellation of $10,000 for any loan borrower’s student debt was proposed. However, Congress ultimately voted to give each student borrower a six-month interest-free break on making payments on federal loans. Meaning, individuals do not have to make a student loan payment until October 2020 and there will be not an accrual of interest and penalties during this time.
April 22, 2020
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