Are current students with loans able to apply for forgiveness? 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.
You’re in the National Guard and have been activated by a governor. 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 stude...
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 ...
The Pell Grant is a need-based federal financial aid program for undergraduate college students from low- or middle-income households. It's free money for college. Here's how to qualify.
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 ...
law by then-President George W. Bush in 2007, allows certain not-for-profit and government employees to have their federal student loans canceled after 10 years of on-time payments. In 2013, the Consumer Financial Protection Bureau estimated that one-quarter of American workersmay be eligible. ...
2012. "Who Benefits from Student Aid? The Economic Incidence of Tax-Based Federal Student Aid." Economics of Education Review, 31(4): 463-481.Turner, Nicholas. 2012. "Who benefits from student aid? The economic incidence of tax based federal student aid," Economics of Education Review, 31...
Even students attending "no-loan" colleges sometimes need to take out student loans to help cover costs. Because some "no-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 ...
The only way to find out for sure whether you are eligible for financial aid is by completing the Free Application for Federal Student Aid (FAFSA).
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...