So, maybe you’ve heard about this already, but back in October, MSNBC published an article that revealed that The Biden Administration has forgiven the student debt of more than 450,000 people.
Granted, these 450,000 have mainly been special cases, such as the disabled or those who have unpaid loans for fraudulent colleges, but what I’m really excited about is the possibility that this debt forgiveness wave could also be coming to everyone else!
The President himself has stated he supports releasing $10k of debt, but there is pressure from senate members to push it to $50k.
Can you imagine? Having your student debt wiped would mean a fresh start essentially for so many people and would allow you to reallocate funds you were paying towards the loan to elsewhere.
Savings, investments, whatever!
Okay, so we may be a bit away from this, but it’s most definitely something to look out for on the horizon. We’ve got some big changes coming, and anything that helps set you up for financial freedom is something we want to be a part of.
Give us a call at 513-563-PLAN (7526) or head online to chat with us about what your next steps are with or without student loan forgiveness.