3 Student Loan Forgiveness Updates For 3 Critical Initiatives
Forbes· 3 days agoStudent loan forgiveness continues to evolve as a combination of legal and policy changes impact...
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GOBankingRates via Yahoo Finance· 1 day agoWith the legality of President Biden's broader federal student loan forgiveness program in question,...
171 Republican lawmakers join effort to stop student loan forgiveness program
ABC News· 3 hours agoOne hundred and twenty-eight House Republicans and nearly all Republican senators on Friday filed...
A conservative group blocked student-loan forgiveness because 2 borrowers wanted more relief than...
INSIDER via Yahoo News· 4 days agoActivists hold cancel student debt signs as they gather to rally in front of the White House in...
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MSN News· 6 days agoThe United States Department of Education has approved more than 16 million people for federal...
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Top News Videos for Student Loan Forgiveness Biden and Student Loan Forgiveness Program
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Biden extends student loan payment pause
Yahoo News· 2 months ago
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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.
Related topics
Source: studentaid.gov
