Yes, according to the White House. Students who are dependents will use their parents' income to determine whether they are eligible for the debt forgiveness. —The Associated Press contributed this report.
Recently, the Biden-Harris administration announced new plans for additional student debt relief. If approved, the proposal would: Waive accrued and capitalized interest for millions of borrowers Automatically discharge debt for borrowers who are eligible for loan forgiveness under the SAVE Plan despite ...
Education:To be eligible for federal aid, the student must have a high school education. This can be accomplished through attendance and graduation from a standard high school, receipt of a GED certificate, or through a home school setting that is approved by the state in which you live. ...
This forbearance is an option if you are not eligible for a military deferment. You have a “student loan burden,” which means that the total amount you owe each month for all the federal student loans you received is 20% or more of your total monthly gross income. You’re currently ...
Loan discharge is a process that essentially cancels out some (or all) of your eligible student loans. While the end result is the same as student loan forgiveness (you no longer have to pay back that portion of your educational debt), getting your loans discharged is a very different proce...
Borrowers are eligible for student loan forgiveness if their income is less than $125,000 for individuals, and less than $250,000 for married couples or heads of households, according to a White House fact sheet and the U.S. Department o...
We are currently accepting applications from eligible U.S. businesses. Not all applicants will be approved for a Business Checking account. Select industries or businesses engaged in certain activities are currently ineligible, such as money service busi
Colin is a breaking news writer for TheStreet focused on sports business. Before The Street, he covered sports media business at Business Insider. He finished with a masters degree in journalism from Northwestern University, and previously worked in brand management...
But the department is looking for ways for people to get their debt forgiven based on hardship that remains after other benefits are exhausted, according to a source familiar with its plans. Here's who might be eligible. Bankruptcy eligibility could be a guide ...
If you are a parent who took out a direct PLUS or FFEL PLUS loan, and the student for whom you took out the loan is enrolled at least half-time, then you are eligible for deferment—but you must request it. Your deferment comes with the same six-monthgrace periodafforded to students...