Prohibition on Mass Student Loan Forgiveness
This bill aims to prevent the government from broadly canceling student loans. If you have a student loan, this means a widespread forgiveness program is unlikely. The bill specifies that only targeted forgiveness programs in place before March 12, 2020, are allowed.
Key points
The government will be prohibited from mass cancellation of student loans.
Existing, targeted student loan forgiveness programs from before March 12, 2020, remain unaffected.
Any new changes to student loan repayment must be explicitly approved by Congress.
Expired
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