What You Need to Know About Debt Relief Lawyers

Student loans can be really troublesome, and some people have to hire debt relief lawyers to solve their issues and navigate new laws. The Youtube video "Student Debt Relief & Lawyers: What Attorneys Should Know" shows what all lawyers should know about the current debt relief measures. Let's find out more!

In the past year, there have been two new developments in the world of student debt relief, as presented by the Biden administration. In the wake of the pandemic, there was a pause on student debt collections to help everyone stay afloat during that trying time.

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The payments were supposed to resume at some point, but now, the government revealed new information on the matter.

Biden announced that he was going to cancel federal student loans to millions of people around the country. Some might not see their entire debt canceled, but they'll at least get some kind of debt relief, as the amount is somewhere between $10,000 and $20,000. However, that's only if your current salary is below $125,000 annually as an individual or $250,000 as a couple.

You can watch the rest of the video for more details about debt relief lawyers.