What's the status of Biden's $400-billion forgiveness plan? In 2022, Biden announcedthe biggest student loan forgiveness plan yet, pledging to forgive up to $20,000 for individual lower- to middle-income borrowers. The forgiveness plan relied on the Higher Education Relief Opportunities for Stu...
There are two types of student loan forgiveness you can qualify for: Up to $20,000 in debt cancellation: for those who received a Pell Grant in college and meet the income threshold. Up to $10,000 in debt cancellation: for those who did not receive a Pell Grant in college and meet t...
If you’re struggling to pay back your federal student loans, you may want to check your eligibility for any of the federal government’s forgiveness programs.
"This case involves the question of whether Congress — through the HEROES Act — gave the secretary [of Education] authority to implement a program that provides debt forgiveness to millions of student-loan borrowers, totaling over $400 billion," Pittman wrote in his ruling. "And having interpr...
Student loans taken out after June 30, 2022, won't be included in the relief. Do I have to do anything to get forgiveness? The Education Department said it will launch an application in which borrowers can input their income data and request the loan forgiveness. The application will be av...
Payment terms vary up to 10 years, and some Perkin loans may qualify for deferment or loan forgiveness.Perkins Student Loan Application and Eligibility In general, to qualify for a Perkins loan, you had to meet the Pell Grant Requirements. The application was the same as the FAFSA Application...
Federal Student Aid Loan Forgiveness for Public Service EmployeesLoans, Subsidized StaffordLoans, Unsubsidized StaffordLoans, Federal PerkinsLoans, Nursing
Two recent programs announced by the Department of Education make the path to student loan forgiveness significantly less complicated. Written By: Michael P. Lux, Esq. Last Updated: June 13, 2022 Affiliate Disclosure and Integrity Pledge For over a decade, earning student loan forgiveness h...
They aren't eligible for public loan forgiveness programs and most government programs. Repayment terms can be strict. Some require payments while you're still in school (while others have a feature that allows you to wait until after you graduate). ...
The federal program often has more favorable interest rates and other attractive provisions, such as loanconsolidation and forgivenessprograms. Federal direct student loans have a cap on loan amounts. Private loan companies don't often cap how much they will lend. ...