The Inside Scoop on the Biden Federal Student Loan Forgiveness Plan From the Fed
By Jacob Goss, Daniel Mangrum, and Joelle Scally – Federal Reserve Bank of New York On August 24, 2022, the White House released a plan to cancel federal student loans for most borrowers. In April, we wrote about the costs and who most benefits from a few hypothetical loan forgiveness proposals using our Consumer Credit Panel, based on Equifax credit …