Education

What the election results mean for student loan forgiveness: 4 key takeaways

From Forbes: “Younger voters showed up at the polls, seemingly in high numbers (at least in several key races), which was potentially enough to swing close races toward Democrats. … While slim congressional majorities by either political party significantly reduces the chances of legislative repeal of student loan forgiveness programs, it also diminishes the chances that Congress would be able to pass any impactful student loan forgiveness legislation or other reforms that could provide a lasting impact for borrowers (such as changes to the bankruptcy code). This means that President Biden will likely continue to rely on executive action and the regulatory process to expand student loan forgiveness opportunities and implement other relief for borrowers.”

View the full article from Forbes.