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How to submit Biden's student loan forgiveness application. Apply now for student loan forgiveness under President Biden's new plan on the Department of Education website....
If you’d like to repay your federal student loans under an income-driven plan, you need to fill out an application. Apply today at StudentAid.gov/idr. Due to the payment count adjustment, past periods of repayment, deferment, and forbearance might now count toward your IDR forgiveness.
The Biden-Harris Administration announced today the approval of $7.7 billion in additional student loan debt relief for 160,500 borrowers. These discharges are for three categories of borrowers: those receiving Public Service Loan Forgiveness (PSLF); those who signed up for President Biden’s Saving on a Valuable Education (SAVE) Plan and who are eligible for its shortened time-to-forgiveness ...
Biden's forgiveness plan seeks to cancel $10,000 in federal student loan debt for individual borrowers with an annual income less than $125,000. Borrowers who received a need-based Pell Grant while in college can receive up to $20,000 of forgiveness, so long as they meet that same income cap.
As part of the Biden-Harris Administration’s student debt relief efforts, this fall, the U.S. Department of Education (ED) aims to provide debt relief to certain borrowers. ED is in the process of finalizing who will be eligible for student debt relief.
Borrowers would be eligible for relief if they have a current balance on certain types of Federal student loans that is greater than the balance of that loan when it entered repayment due to runaway interest.
The Department of Education has announced time-limited changes to PSLF that provide an easier path to forgiveness of all outstanding debt for eligible federal student loan borrowers who...
On Monday, President Biden announced the application for his student loan relief program is officially live. The administration published a beta version of the application last week.
Forgive loan balances after 10 years of payments, instead of 20 years, for borrowers with original loan balances of $12,000 or less. The Department estimates that this reform will allow nearly all community college borrowers to be debt-free within 10 years.
President Joe Biden on Wednesday announced his plan to address student loan debt, which includes debt forgiveness for certain borrowers and extending the pandemic-related payment pause....