The announcement of student loan forgiveness initially sent many into a frenzy, but what does it really mean for you? Since the Trump administration perhaps prior, the talks of cancelling student loans has been a topic of increased popularity. However, this round will be a targeted effort for students who experienced misconduct. Students defrauded by the schools, will have their loans cancelled for a total of 1 Billion dollars. A total of 72,000 students have reported misconduct of some kind by their school, and as a result wil be debt free soon. If you are like me, you are saying I am happy for them, but what about my loans? There are talks of cancelling up to $10,000 from all borrowers and while the negotiations are still ongoing, the number can very well be higher based on reports. Have a successful and healthy week!
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