Student Loan Forgiveness: 16 Million People Have Been Approved, But Will They Actually Get Relief?
GOBankingRates via Yahoo Finance· 4 days agoA total of 26.26 million student loan borrowers have applied or were deemed automatically eligible...
3 Student Loan Forgiveness Updates For 3 Critical Initiatives
Forbes· 16 hours agoStudent loan forgiveness continues to evolve as a combination of legal and policy changes impact...
Student Loan Forgiveness Has Been Approved, Here's What's Next
MSN News· 4 days agoThe United States Department of Education has approved more than 16 million people for federal...
Biden administration approves more than 16 million borrowers for student loan forgiveness
Fox Business· 23 hours agoEven though millions have been approved for the president’s student loan forgiveness initiative, the...
What Biden’s Latest Covid Move Means For Student Loan Programs, Including Loan Forgiveness
Forbes· 4 days agoPresident Biden announced that the national emergency related to the Covid-19 pandemic will end on...
First on CNN: Biden administration makes it easier for borrowers misled by for-profit colleges to...
CNN.com· 11 hours agoThe Biden administration is making it a little easier for borrowers who were misled by their...
Student Loan Forgiveness: Will Ending the National COVID Emergency Affect Biden’s Plan?
GOBankingRates via Yahoo Finance· 1 day agoThe White House announced it would be ending the COVID-19 national emergency declaration on May 11,...
What happens if the Supreme Court strikes down student loan forgiveness? Here are 3 predictions
CNBC· 5 days agoU.S. Department of Education Undersecretary James Kvaal said in a recent court filing that if the...
Student Loan Forgiveness: These Deferment And Forbearance Periods May Count
Forbes· 2 weeks agoNavigating federal student loan forgiveness programs has historically been difficult for borrowers....
Lawsuit Challenging Biden’s Student Loan Forgiveness Plan Gets Dismissed, But Legal Battle Continues
Forbes· 1 week agoA key lawsuit challenging President Biden’s one-time student loan forgiveness program was dismissed...
Yahoo Web Search
Trending Now
- 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.
Related topics
Source: studentaid.gov
