The Education Department (ED) opened up a beta version of its student loan forgiveness application process at studentaid.gov/debt-relief/application, offering periodic access to some borrowers who can apply ahead of the official launch. “We’re accepting applications to help us refine our processes…If you submit an application, it Read More …
One of President Joe Biden’s less headline-grabbing measures to address the student loan crisis last week aims to make debt repayment more affordable for both current and future borrowers. The president is making four key changes to income-driven repayment plans to reduce monthly payments, prevent Read More …
The application for student loan forgiveness won’t be ready until October, according to a White House official, with relief coming about four to six weeks after a borrower applies. National Economic Council Deputy Director Bharat Ramamurti on Friday said to expect the application process to Read More …
As a key deadline looms, borrowers still face problems getting their student debt forgiven under a program for public service workers that Republican lawmakers are now targeting. Borrowers previously denied forgiveness under the public service loan forgiveness program (PSLF) have until October 31, 2022, to Read More …
A college education is a prerequisite for many well-paying jobs and has been touted as a good investment to raise Americans from lower income to middle class. But it has also saddled many students with a lifetime of debt, affecting over 43 million Americans — including 14% of Read More …