As the US Supreme Court approaches a ruling on President Joe Biden’s proposal to forgive a portion of student loan debt, Gov. Gretchen Whitmer has instructed various state agencies to explore cost-cutting mechanisms for borrowers in Michigan.
The announcement, which came after months of deliberation, will provide immediate relief to an estimated 1.4 million Michiganders who’ve struggled with the financial albatross of student loan debt and help millions of future students avoid crushing monthly payments.
Coronaivrus has almost completely knocked out this Michigan entrepreneur’s business. A second round of the government’s Paycheck Protection Program could finally offer some relief.