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Education Dept. promises big changes for ‘broken’ federal student loan system
“We are dedicated to correcting a broken method,” Instruction Secretary Miguel Cardona reported in a assertion Wednesday. Impression by ShaunWilkinson/Shutterstock July 6 (UPI) — President Joe Biden’s administration announced on Wednesday that it will make sweeping improvements to federal university student bank loan programs and fully commited to resolving the “broken process,” which contains creating credit card debt forgiveness additional available. The Education and learning Office created the announcement and in depth main principles adjustments that would make it less complicated for some former pupils to acquire credit card debt forgiveness. The office also promised to restrict how a lot fascination can be charged on superb financial loans. The alterations,…