Fresh Start for Borrowers with Federal Student Loans in Default
•ED plans to cancel up to (1) $10,000 per borrower whose annual income in 2020 or 2021 was less than $125,000 (for individuals) or less than $250,000 (for certain married borrowers or heads of households), and (2) an additional $10,000, for up to $20,000 total, for borrowers who meet the above income criteria and received a Pell Grant at any point. ................
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