Joe Biden’s Student Loan Plan: What’s in It for You?

The future of student loan debt could look quite a bit different, if President-elect Joe Biden gets his way (and Congress cooperates). From loan forgiveness to free tuition for some, the college landscape could be changing.

Young woman drinking coffee and smiling.
(Image credit: Getty Images)

When the CARES Act was passed in March, payments were suspended and the interest rate was temporarily set to 0% for federal student loans. The student loan relief is set to expire on Jan. 31, 2021. Will President-elect Joe Biden extend the temporary relief? No one knows.

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Saki Kurose, CSLP®, IAR
Associate Planner, Insight Financial Strategists

Saki Kurose is a Certified Student Loan Professional (CSLP®) and a candidate for the CFP® certification.  As an associate planner at Insight Financial Strategists, she enjoys helping clients through their financial challenges. Saki is particularly passionate about working with clients with student loans to find the best repayment strategy that aligns with their goals.