Not yet. The Department of Education is working on what the White House describes as "a simple application process for borrowers to claim relief." However, it may not be ready until the end of 2022. The Biden a
Contrary to the goal of policymakers, I find that tax-based aid crowds out institutional aid roughly dollar-for-dollar. Unfortunately, it is not clear how institutions utilize these captured resources, so that the ultimate incidence of the programs is uncertain....
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 ...
The My Aid section on his dashboard is split into two sections: one that details his federal loans, and one that details the Pell Grants he received while in school. Turns out, the North Carolina resident isn’t eligible for just $10,000 in student loan relief: As a Pell Grant ...
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 process. You could potentially apply to have your eligible federal student loan debt discharged if: You are ...
loan" colleges have opted out of the federal student loan program, that could mean taking out private student loans. This is another reason why "no-loan" colleges must be weighed carefully against other colleges, and you may want to consider all of the financial aid packages you're offered....
4. People eligible for forgiveness who haven't applied The Education Department already has several programs that lead to student loan forgiveness, and as part of its new aid package, it is looking to identify those who may be eligible but just haven't applied. ...
Another such program, the Children of Fallen Heroes Scholarship, has provided students eligible for the Pell Grant, a federal grant for low-income students, the maximum amount since 2018 when the Higher Education Act was amended. The scholarship supports students whose "parent or g...
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-month grace period afforded to stu...
Getting paid $100 to keep your family safe is a pretty good deal — all you have to do is roll up your sleeves.” Walz said he will authorize up to $2.5 million in federal coronavirus relief funding to launch the program and will seek legislative approval for more mone...