PresidentJoe Bidenannounced last week that most federal student loan borrowerswill be eligible for some forgiveness: up to $10,000 if you didn'treceive a Pell Grant, which is a type of aid available to low-income undergraduate students, and up to $20,000 if you did. The relief will be ...
To learn if your financial aid package in college included a Pell Grant, you can check your account onStudentaid.gov, under the “My Aid” section. Most recipients come from families with incomes of less than $60,000, said higher education expert Mark Kantrowitz. The relief is also l...
The education department releases a "beta" version of the student debt relief application at studentaid.gov. Borrowers start to apply online. Oct. 21 The Eighth Circuit Court of Appeals decides to temporarily block the student debt relief plan, forcing the Department of ...
If you haven’t yet applied, have no fear – the application is simple, fast, and identical tothe preview the White House provided last week. You don’t need a Federal Student Aid login or any documentation to apply. Here is a step-by-step process to filling out the federal student lo...
When is the loan-relief site launching? Mr. Biden said the program has officially opened on Monday and pointed people to a government website,studentaid.gov, where they can apply for loan forgiveness. I just applied for federal student loan debt relief and it took less than two minutes (se...
Studentaid.gov: You can have your federal student loans forgiven, canceled or discharged. Learn more about the types of forgiveness and whether you qualify due to your job or other circumstances. The Public Service Loan Forgiveness (PSLF) program: PSLF can help you reduce student loans. If you...
You can apply for these repayment plans with student loan forgiveness by calling your lender or going online toStudentAid.gov. Income-Based Repayment (IBR) TheIncome Based Repayment Plan(IBR) is one of the most common repayment plans borrowers switch to if they are having financial hardship. If...
Once your student loan is back in good standing, it is crucial to stay current on your payments to avoid another default and more collection costs added to the loan balance. Other benefits of completing rehabilitation are that you'll regain eligibility for federal student ...
You can consolidate multiple federal student loans into a single, new federal loan on studentaid.gov. To consolidate (a.k.a. refinance) private student loans, go directly to a private lender.
In order to be eligible for subsidized loans, student applicants must complete a Free Application for Student Aid (FAFSA) application, which is used to determine how much aid you may be eligible to receive. Unsubsidized loans are available to undergraduate students, as well as graduate students....