Our Finance Guide
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing
No Result
View All Result
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing
No Result
View All Result
Our Finance Guide
No Result
View All Result
Home Loans

Student loan forgiveness: Who is eligible and how to apply under Biden’s overhauled relief program

admin by admin
October 11, 2021
in Loans
0
Education Department Sends Ominous Warning To Student Loan Borrowers

A federal program failed to fulfill its promise of offering student debt relief to thousands of public workers, including teachers, police officers and firefighters. Now, the government is trying to make it right.

On Wednesday, the U.S. Department of Education announced sweeping changes to its Public Service Loan Forgiveness program after thousands of borrowers applied for forgiveness, with nearly all of them being rejected by the federal government.

Related articles

Sallie Mae Responds on the Mounting Federal Student-Loan Problem

Student Loan Cancellation Just Got More Complicated

After making a decade of payments, many found out that they had the wrong type of federal loan or repayment plan to be eligible for the program. Thousands have been straddled with debt that they thought would be erased.

The overhaul is also designed to let borrowers correct errors and count payments they were trying to make toward the program. It is expected to shorten the amount of time more than 550,000 borrowers – those who have already consolidated their loans – are required to make payments to qualify for forgiveness, the government said.

The changes will immediately erase the debt of 22,000 borrowers to the tune of $1.7 billion, the agency said. The government estimated another 27,000 borrowers could see about $2.8 billion in debts forgiven if they prove they were employed in an eligible job.

 

Read more…

admin

admin

Related Posts

Sallie Mae Responds on the Mounting Federal Student-Loan Problem

Sallie Mae Responds on the Mounting Federal Student-Loan Problem

Josh Mitchell’s profile of Al Lord is a compelling look into the making of the federally guaranteed student-loan program that owns 92% of student loans outstanding...

Student Loan Cancellation Just Got More Complicated

Student Loan Cancellation Just Got More Complicated

At a press conference yesterday, House Speaker Nancy Pelosi (D-CA) threw cold water on the argument that President Biden has the legal authority to cancel student loan debt...

Everything you need to know about motorcycle loans

Collaborating to Fix Student Loans

The Department of Education is planning to continue addressing reforms to the administration of the student loan program -- based partly on the input of two...

Remaining Forborne Loans May Require Additional Relief

Oregon City applies for federal loans to fix water pipes

Oregon City commissioners provided preliminary approval to a plan from city staff to borrow money from the federal government after voters rejected increasing their baseline water...

UK college students could be repaying loans into their 60s

UK college students could be repaying loans into their 60s

Students who start college in the U.K. next year could still be repaying student loans into their sixties, under new plans announced by the British government...

Next Post
See the Average Child Tax Credit in Your State

Guest: Can tax cheats fund Biden’s spending?

Watch out for these 6 credit card surprises so you can avoid debt and get the most out of your card

Watch out for these 6 credit card surprises so you can avoid debt and get the most out of your card

Women investors are still outperforming men, study finds

Women investors are still outperforming men, study finds

No Result
View All Result

Subscribe Us

By clicking subscribe, I authorize: (1) Our Finance Guide to use and share my information in accordance with its Terms of Service and Privacy Policy, and (2) Our Finance Guide or third-party companies, including Our Finance Guide’s business partners, to contact me by email with offers for goods and services at the email address provided. Please note that the information you have provided to us may be supplemented with additional information obtained from other sources.

RECOMMENDED

Best Short Term Loans [2021]: Small Loans And Online Payday Loans For Bad Credit From Top Loan Companies.
Investing

Trading versus investing: When to use which approach

The evolution of ESG investing. Here’s what’s next
Investing

Investing Club: We are buying more Disney because it’s an iconic franchise that’s fallen too far

CATEGORIES

  • Credit Cards
  • Investing
  • Loans
  • Tax
  • Uncategorized

Subscribe Us

By clicking subscribe, I authorize: (1) Our Finance Guide to use and share my information in accordance with its Terms of Service and Privacy Policy, and (2) Our Finance Guide or third-party companies, including Our Finance Guide’s business partners, to contact me by email with offers for goods and services at the email address provided. Please note that the information you have provided to us may be supplemented with additional information obtained from other sources.

© 2021 Our Finance Guide, All Rights Reserved.

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe
No Result
View All Result
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing

© 2021 Our Finance Guide, All Rights Reserved.