 TITLE: Student Loan Borrowers Get Extended Relief Under New Provisions CONTENT: Additional Student Loan Action May Be Coming\n--------------------------------------------\nSome people expected the extension, and there's also some speculation about additional student loan-related actions that the president or Congress may take in the coming months. None of these are guaranteed, but based on proposals shared during the Biden campaign, these could include:\n*   Forgiving at least $10,000 of federal student loans.\n*   A new income-based repayment plan that limits payments to 5% of a borrower's discretionary income and offers tax-free forgiveness after 20 years.\n*   Interest-free forbearance on student loans for borrowers making less than $25,000 a year.\n*   An expansion of the PSLF program that offers up to $50,000 in forgiveness after five years. The current program offers unlimited forgiveness but requires 120 monthly payments (or 10 years' worth).\nAs with the CARES Act benefits and extensions, the possible additional provisions may only apply to federal student loans owned by the Education Department. END