New Changes to Reduce Student Loan Debt
April 3, 2024 – In an AARP article about what borrowers need to know about consolidating their federal loans before the end of April, Stacey MacPhetres, senior director of education finance at EdAssist by Bright Horizons shares advice on the topic.
You may have other options for reducing or eliminating your student loans. But don’t count on sweeping loan forgiveness. The general sense from student loan experts is that while the process is ongoing, you probably shouldn’t be counting it. “I’m often asked if there will be another full-scale attempt at student loan forgiveness,” says Stacey MacPhetres, senior director of education finance at Bright Horizons. “It doesn’t feel super likely.” Still, you may have other options that are worth exploring.