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If Biden approves loan forgiveness, what could it mean for law school debt?

April 12, 2021

People with law school loans could benefit if President Joe Biden authorizes a plan to forgive all or a portion of student debt, but it could exclude those who owe private lenders and impose limits based on income, experts say.

Forgiving private school loan debt “would require the government to pay private lenders, rather than just decline to collect. When I think about the easiest path, it would be much easier to cancel debt owned by the federal government,” says Heather Jarvis, a North Carolina lawyer who provides educational resources and training for student-loan borrowers.

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