Student Loan Forgiveness: Timeline of Events From August 2022 to the Supreme Court Review
GOBankingRates via Yahoo Finance· 3 hours agoThe road to student loan forgiveness has been a long and winding one since President Joe Biden...
Potential Student Loan Forgiveness Loophole Could Cause Problems And Confusion For Consolidating...
Forbes· 16 hours agoThe Biden administration is straining to enact multiple, overlapping student loan debt relief...
Student Loan Forgiveness: Relief for Public Loans Pushed Back Due to Lack of Funds
GOBankingRates via Yahoo Finance· 1 day agoLast October, the Biden administration announced executive actions that would bring most loans...
Student Loan Forgiveness Is a Band-Aid on the College Cost Crisis
Barrons.com· 2 weeks agoIf loan forgiveness survives the Supreme Court, it will be the latest effort in a long line of...
A New Federal Student Loan Program Will Move Millions Toward Forgiveness
The New York Times via Yahoo News· 4 days agoIt’s unclear whether President Joe Biden’s student loan cancellation plan will survive a legal...
Still owe a lot on student loans? A federal forgiveness program may offer relief
The Republican· 2 days agoMillions of student loan borrowers are set to receive debt forgiveness this spring. The U.S. Department of Education ...
Half-a-million NYC residents applied for student loan forgiveness, data shows. See how many filed in...
Staten Island Advance· 2 weeks agoLast August, Biden announced the student debt relief plan that aims to help working- and...
Student loans during the coronavirus crisis
Bankrate via Yahoo Finance· 2 days agoYou typically need a...a better arrangement than what you have now. What does student loan relief look like with the coronavirus behind us? The
9 Steps To Take If You Can’t Keep Up With Your Student Loan Payments
GoBankingRates via AOL· 2 weeks agoStudent loan debt is a national crisis, with approximately 45 million Americans steeped in a total...
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Debt Consolidation Programs and Student Loan Forgiveness
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- Federal Student Loan Debt Relief
Federal program
Federal Student Loan Debt Relief is a program that provides eligible borrowers with full or partial discharge of loans up to $20,000 to Federal Pell Grant recipients and up to $10,000 to non-Pell Grant recipients. studentaid.gov
- Individuals who made less than $125,000 in 2021 or 2020 ($250,000 for families)
- The debt relief applies only to loan balances you had before June 30, 2022. Any new loans disbursed on or after July 1, 2022, aren’t eligible for debt relief.
- One-time student loan debt relief won’t be taxed at the federal level. Some states may be taxing this debt relief, so check with your state of residence for the latest information.
- William D. Ford Federal Direct Loan (Direct Loan) Program loans, Federal Family Education Loan (FFEL) Program loans held by ED or in default at a guaranty agency, Federal Perkins Loan Program loans held by ED, and defaulted loans. Private loans (i.e., non-federal loans) are NOT eligible for debt relief.
- The deadline to apply for student loan debt relief is December 31, 2023.
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Source: studentaid.gov
