The White House plan to cancel student loan debt has many moving parts — and a lot of unanswered questions.
Fred Amrein, founder of PayforED consulting firm in Newtown Square, Pennsylvania, makes a living tackling the complex landscape that is student debt. And he recommends borrowers start taking some steps now to prepare.
First, 43 million Americans qualify for debt cancellation of $10,000, or $20,000 if they received a Pell grant, under the proposed plan. Even those in default can apply.
