As part of the White House’s plan to alleviate the financial burdens of American students, they have promised to forgive student loan debt. This initiative by the White House could potentially free up the finances of more than 44 million people in the United States who are currently weighed down under the weight of their educational loans. Hundreds of billions of dollars of debt could be wiped out with this effort, and some estimates put the amount of debt eligible for forgiveness at over $1.6 trillion. For those who are burdened by student loan debt, this plan could be a life-changing development.White House Plan to Forgive Student Loan Debt
The White House has also proposed a plan to forgive delinquent taxes for taxpayers who have missed payments due to financial hardship or illness. This plan would provide relief to millions of taxpayers who are currently behind on their tax payments who may otherwise have to face legal action from the IRS. This effort by the White House could provide substantial relief for those who are facing overwhelming debt due to unpaid taxes, and free up their finances for other expenses.White House Plan to Forgive Delinquent Taxes
The White House is working to provide relief to small businesses who are in the midst of financial difficulty, proposing a plan to forgive small business loans. For nationally-certified small businesses, the Federal Government will be offering debt relief, with the aim of helping small businesses to stay afloat in this difficult economic climate. The relief offered by the White House could be a lifeline for many small businesses who are facing financial hardship.White House Plan to Forgive Small Business Loans
In addition to the plans to forgive student loan, small business, and delinquent taxes, the White House is looking to also offer debt relief to credit card users. This plan could potentially be of benefit to hundreds of millions of people, who would get a chance to settle their outstanding debts and ease some of the financial strain of owning a credit card. This plan from the White House could mean a major change for American households with credit card debt.White House Plan to Forgive Credit Card Debt
The White House has proposed a plan to offer debt forgiveness to mortgage holders in the United States. This plan, if approved, could mean a huge financial boost to homeowners who have struggled to keep up with their mortgage payments due to the pandemic. This new initiative from the White House would provide relief to homeowners nationwide, helping them to keep up with their bills and have a better chance of avoiding foreclosure.White House Plan to Forgive Mortgage Payments
In an effort to help to alleviate the financial burden of medical bills borne by American citizens, the White House is looking to forgive medical debt. Those who have piled up massive medical bills due to illness or injury may be eligible for relief under this plan. This could have a major impact on the lives of those who are struggling to pay off medical debts and could provide much-needed financial assistance.White House Plan to Forgive Medical Debt
The White House is also looking to help Americans pay their utility bills, proposing a plan to forgive outstanding balances for utility services. This plan would provide a financial boost to families and individuals who have struggled to keep up with their utility payments due to a lack of resources. This initiative could provide a much-needed lifeline to those struggling with utility bills and potentially free up financial strain.White House Plan to Forgive Utility Bills
As part of the White House’s plan to provide relief to consumers, they have proposed a plan to forgive bank overdraft fees. This could be of major benefit to tens of millions of Americans who have been hit with bank overdraft fees due to financial struggles brought on by the crisis. This plan could offer a significant amount of debt relief to those who need it most.White House Plan to Forgive Bank Overdraft Fees
The White House is also aiming to help those burdened by government-level debt, offering a plan to forgive debts accrued by individuals for federal or state government services. This could help those who have experienced financial hardship due to government debt, such as individuals with unpaid taxes or those who have taken out loans from the government. This move from the White House could provide a much-needed input of financial relief for those who need it most.White House Plan to Forgive Government Debts
The White House plans to offer relief for those who are dealing with the financial burden of house designs. This plan may help those who have taken out loans to finance the costs associated with designing new homes or renovating their existing homes. The White House's effort to forgive house designs could be a major lifesaver for those who are struggling to keep up with their payments and could free up their finances for other expenses.White House Plan to Forgive House Designs