New rules make it easier for struggling student loan borrowers to access PPP loans
CNBC
Annie Nova
February 23, 2021
KEY POINTS
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The Biden administration is opening the Paycheck Protection Program to student loan borrowers who’ve fallen behind on their payments.
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Previously, a delinquency or default on an applicant’s record could disqualify them for the government-subsidized loans.
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Around a third of federal student loan borrowers are in delinquency or default.