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The Education Department released its proposal to provide student-debt relief to borrowers facing hardship. Hardship could include being unable to afford student loans alongside high childcare ...
The second rule was a proposal to provide relief to borrowers facing financial hardship. ... Biden's Plan B for student-loan forgiveness would have benefited over 30 million borrowers. It proposed ...
It allows waiving of statutory or regulatory requirements related to federal student loans for three categories of individuals: active-duty military or National Guard officials, those who reside or are employed in a declared disaster area, or those who have suffered direct economic hardship as a result of wars, military operations, or national ...
The reason it was so difficult for Dale and many other student-loan borrowers to seek relief in bankruptcy court before 2022 is that borrowers had to prove an "undue hardship" standard, in which ...
Since 1994, ECMC has operated in the areas of student loan bankruptcy management and loan collection. ECMC is one of a number of guaranty agencies that oversee student loans for the United States Department of Education. As a guarantor working on behalf of the U.S. Department of Education, ECMC charges fees to debtors and earns commissions from ...
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