HEROES Act would cancel $10,000 in student debt for ‘economically distressed’ borrowers

HEROES Act would cancel $10,000 in student debt for ‘economically distressed’ borrowers

The House has passed the Health and Economic Recovery Omnibus Emergency Solutions Act HEROES (Act) on Friday night. The legislation, which is expected to be ignored by the Republican-controlled Senate (at least in its current form), would have considerable implications for student loan borrowers. The $3 trillion stimulus package extends the CARES Act provision that […]