4 Critical Student Loan Forgiveness Dates Borrowers Should Know About
Forbes· 2 days agoThe Biden administration’s student loan forgiveness and debt relief initiatives continue to evolve...
Potential Student Loan Forgiveness Loophole Could Cause Problems And Confusion For Consolidating...
Forbes· 4 days agoThe Biden administration is straining to enact multiple, overlapping student loan debt relief...
Student Loan Forgiveness 2023: What You Need To Know
GOBankingRates via Yahoo Finance· 3 days agoThere has been a lot of discussions ever since the pandemic struck about student loans in the U.S., from the suspension of payments to outright loan <...
Student Loan Forgiveness: Timeline of Events From August 2022 to the Supreme Court Review
GoBankingRates via AOL· 4 days agoThe road to student loan forgiveness has been a long and winding one since President Joe Biden...
A New Federal Student Loan Program Will Move Millions Toward Forgiveness
The New York Times via Yahoo News· 1 week 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· 5 days agoMillions of student loan borrowers are set to receive debt forgiveness this spring. The U.S. Department of Education ...
Student loans during the coronavirus crisis
Bankrate via Yahoo Finance· 5 days agoThis relief was due to last only six months, but it was extended multiple times. Currently, federal student loan payments, interest charges and...
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Bankrate via Yahoo Finance· 2 days agoIt’s a dangerous option since companies typically have you stop making any payments on your...
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Digital Journal· 3 days agoFor those looking for student loan debt relief in Brooklyn and Farmingdale, New York, MP Credit Repair can help. Middle ...
A Guide to Student Debt Lawyers
US News & World Report· 2 weeks agoIf you are a student loan borrower, you may not realize the benefits of working with a student debt lawyer. What Does ...
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Debt Consolidation Programs and Student Loan Forgiveness
- 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
