On Saturday, President Trump signed an executive memorandum that purports to extend student loan relief for millions of Americans. But the memorandum is vague, and it provides borrowers with little insight about borrowers’ rights, options, or obligations… Key questions remain unanswered about the latest presidential memorandum, including how the order will impact borrowers in default, whether the extension of relief would be automatic, and whether borrowers on track for loan forgiveness programs will still get credit. The U.S. Department of Education has not responded to a request for comment, and the Department’s Student Aid Coronavirus website has not been updated.

Read full article [here].
by Adam S. Minsky, Esq., Forbes.

Posted: August 17th, 2020, by: admin. Categories: . Awaiting Comments.