The CARES Act And Student Loan Relief
The pressure of student loan debt isn’t limited to new grads. Americans fifty and older make up roughly twenty percent of those paying down student loans. Read the full article here: https://www.oflaherty-law.com/learn-about-law/the-cares-act-and-student-loan-relief
The number of people sixty and older with student loan debt has grown faster than any other age group. Many who owe student loan debt acquired it as a consignor or by taking out loans to pay for their children and grandchildren’s education.
The CARES Act has given breathing room to many struggling to pay for baseline living expenses such as rent, mortgage, food, and utilities. Keeping spirits high is the Biden administration’s indication that student loan forgiveness may be closer than most think
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This article will discuss the CARES Act’s current state and how it impacts student loan debt, and the potential for loan forgiveness. We will answer the following questions: What is the CARES Act?, Which student loans are affected by the CARES Act?, What if the Department of Education does not own my loans?, What about income-based repayment plans and Public Service Loan Forgiveness?, and Will the Biden administration push for student loan forgiveness?
**None of the content in this series is intended as paid legal advice.
