President Biden has asked Education Secretary Miguel Cardona to look into the president’s ability to cancel up to $50,000 in student loan debt through executive action.
The cost of attending college has risen significantly in recent decades, making the aid of student loans a necessity for a great number of individuals.
According to an analysis conducted by U.S. News and World Report, “in the past 20 years, average tuition at private colleges rose by 144%; at public universities for out-of-state student by 165%; and at public universities for in-state students by 212%.”
If you need help with managing your student loans during these uncertain times, contact Adrian Consumer Law. Attorney Amanda Adrian will assist in finding you the best path forward.