All Consuming - Financial Litigation Insights, Volume 2, Issue 24

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Here are 5 Changes Student Loan Borrowers Could See in 2022 -

"Experts say that if student loan forgiveness is going to happen, it will likely be before the midterm elections."

Why this is important: During the last election cycle, President Biden and several members of Congress indicated a willingness to make changes to the trillion dollar federal student loan industry. Many changes have occurred since January 2020, including the pause of payments due to the pandemic. The payment moratorium, however, ends next month and student loan payments for federal student loans will restart in February 2022. Experts anticipate several actual or potential changes to the federal student loan programs in 2022...

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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