260,000 Approved For Student Loan Forgiveness Under Settlement, But Some Face Hurdles
Forbes· 1 day agoHundreds of thousands of borrowers are expected to receive at least $6 billion in student loan ...
University of Phoenix student loan forgiveness: $37 million dismissed, who qualifies?
Birmingham News· 21 hours agoFormer students at the University of Phoenix may be eligible for part of $37 million in student loan forgiveness.
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Sacramento Bee· 2 weeks agoMore than 331,000 Californians are enrolled in President Joe Biden’s new student loan repayment plan. That number ...
Biden administration to cancel $37 million in debt for borrowers who attended the University of...
Morningstar· 1 day agoMore than 1,200 student-loan borrowers who attended the University of Phoenix will have nearly $37 million in student debt< ...
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WTOP Washington· 2 weeks agoBorrowers with multiple federal student loans may find it difficult to keep track of making several payments a month. To streamline the process, borrowers have the option ...
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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
