DES MOINES, Iowa (WHBF) — Iowa Attorney General Tom Miller welcomes the Biden administration and U.S. Department of Education’s recent steps to provide relief to federal student loan borrowers and reminds Iowans to be on the lookout for criminals who seek to take advantage of this loan forgiveness opportunity to defraud consumers.
Last week, the Biden administration announced it would cancel $10,000 in debt for federal student loan borrowers who earn less than $125,000 per year and $20,000 in debt for Pell grant recipients.
“The Iowa Attorney General’s office has long been an advocate for students and appreciates the Biden administration’s work to provide immediate relief to millions of federal student loan borrowers,” Miller said. “This action will provide much needed relief to thousands of Iowans who have felt the enormous crush of student debt. Although this will not fix the wider student loan debt crisis, it is a step in the right direction.”
The Iowa Attorney General’s office is committed to protecting students, leading or taking part in numerous investigations of for-profit colleges and universities, and securing debt relief for Iowans who were victims of predatory loan programs or left with worthless degrees when their schools closed.
As borrowers wait to learn more about this new opportunity and how they can…
