The White House is set to release a proposal to reduce or eliminate the student loan balances of millions of borrowers, according to the WSJ.
These measures could come as soon as next week and could focus on highly indebted and low-income borrowers, as well as those who have carried their debts for decades.
The report says the measures could affect “millions” of people, although they will surely be challenged in court.
This article was written by Adam Button at www.forexlive.com.
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