Paul L. Caron
Dean





Wednesday, April 14, 2021

If Biden Approves Loan Forgiveness, What Could It Mean For Law School Debt?

ABA Journal, If Biden Approves Loan Forgiveness, What Could It Mean For Law School Debt?:

People with law school loans could benefit if President Joe Biden authorizes a plan to forgive all or a portion of student debt, but it could exclude those who owe private lenders and impose limits based on income, experts say. ...

The issue of student loan debt forgiveness figured prominently in the 2020 presidential campaign. In April, the White House announced that Education Secretary Miguel Cardona had been asked to explore President Joe Biden’s authority to cancel student loans, USA Today reports.

Meanwhile, people with federal student loans have been granted forbearance with no interest since March 2020, under the Coronavirus Aid, Relief and Economic Security Act. That was later extended until September 2021.

https://taxprof.typepad.com/taxprof_blog/2021/04/if-biden-approves-loan-forgiveness-what-could-it-mean-for-law-school-debt.html

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