The White House is poised to issue a proposal aimed at reducing or eliminating student loan balances for millions of borrowers, according to the WSJ.
The moves could come as son as next week and could focus on borrowers with high debt loads and low incomes and those who have carried their debt for decades.
The report says the moves could affect ‘millions’ of people though it will surely be challenged in courts.
This article was written by Adam Button at www.forexlive.com.
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