UPDATE: Oct. 4, 2023, 2:23 p.m. EDTThis story was updated with additional information on the status of IDR and Public Service Loan Forgiveness Programs as well as debt relief for those with a total or permanent disability. TopicsSocial GoodPoliticsMoney ...
Update June 30, 2023 Today the Supreme Court struck down the Biden Administration's plan for federal student loan forgiveness. The plan would have canceled up to $20,000 in federal student loan debt for some of the 43 million Americans who borrowed to attend college. The U.S. Department ...
“As long as a borrower submits its loan forgiveness application within ten months of the completion of the Covered Period (as defined below), the borrower is not required to make any payments until the forgiveness amount is remitted to the lender by SBA. If the loan is fully forgiven, th...
He made a lot of changes (mostly positive) during his presidency, but he hasn't made any specific proposals about student loans. The only comment he's really made about student loans has been praising the Supreme Court decision for stopping President Biden's planned broad student loan forgiven...
Update: Supreme Court Blocks President’s Plan to Forgive Student Loans The U.S. Supreme Court voted 6-3 against President Biden’s broad student loan forgiveness plan on Friday, June 30, 2023. Republicans filed six lawsuits to try to block the President’s plan. Four of these lawsuits were...
PPP Update: Loan Forgiveness and Paying Off Your Loan Quick Recap:100% of the PPP loans (principal and interest) are eligible to be forgiven, so long as borrowers used the money to maintain their payrolls at about the same levels as before the COVID-19 outbreak and spend their PPP loan ...
You may apply for forgiveness as soon as you have used all of your PPP funds for acceptable purposes or you are past the loan forgiveness covered period as defined in the PPP Interim Final Rule. For the first draw loans, the loan forgiveness covered period ends the earlier of 24 weeks ...
31, 2023 to apply. The application was released in a "beta" format on Friday, Oct. 15. Any student borrower who applied during the beta launch will not have to reapply to receive forgiveness. The form is currently online-only, although ...
Compare the SAVE plan for student loans with existing IDR options to find the best repayment and forgiveness path in 2025.
During Joe Biden’s term in office there were a number of attempts made at forgiving student loan debt for the vast majority of borrowers. Most notably, there was a plan to forgive up to $20,000 per federal borrower. Additionally, there have been other attempts at forgiveness for borrowers...