Student-loan company leaders expecting $10,000 in relief per borrower
Companies, agencies, institutions, etc
Nelnet
the Lincoln Journal Star
the Journal Star
OpenSecrets
the Congressional Black Caucus
People
Joe Biden
Jacque Mosely
Jeff Noordhoek
Jim Kruger
Nelnet
SoFi —
Anthony Noto
Joyce Beatty
inaction."Do
Ayelet Sheffey
Groups
Republican
Democrats
authority."In
Physical locations
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Places
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Locations
Nelnet
Events
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Summary
Jim Kruger, Nelnet's chief financial officer, said wiping out $10,000 in debt for every federal borrower would reduce the company's future cash flow from $1.8 billion to $1.2 billion.Nelnet did not immediately respond to Insider's request for comment.President Joe Biden is inching toward a decision on student-loan relief, and multiple reports have suggested the relief will be close to his $10,000 debt-forgiveness campaign pledge and potentially targeted to those making under $125,000 a year.
As said here by Ayelet Sheffey