"To smooth the transition back to repayment and help borrowers at highest risk of delinquencies or default once payments resume, the U.S. Department of Education will provide up to $20,000 in debt cancellation to Pell Grant recipients with loans held by the Department of Education and up to $10,000 in debt cancellation to non-Pell Grant recipients."In many cases, you may not need to apply to receive aid. More from StudentAid.
Nearly 8 million borrowers may be eligible to receive relief automatically because relevant income data is already available to the U.S. Department of Education. If the U.S. Department of Education doesn't have your income data - or if you don't know if the U.S. Department of Education has your income data, the Administration will launch a simple application in the coming weeks.with more information on how the plan will work.
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Biden announces mass student loan forgiveness programBREAKING: President Joe Biden has announced a mass student loans forgiveness program. This is discriminatory towards anyone who did not attend college. It’s in keeping with the slacker mentality this generation and progressives have. they’re the same one who endorse “quiet quitting”. Colleges should be on the hook for student debt. Part of the tuition should be for a placement program for the student's first job in their field of study. This should eliminate bogus degrees and make colleges focus on education NOT safe spaces.
Source: dcexaminer - 🏆 6. / 94 Read more »
White House Considering $10,000 in Student Loan Forgiveness for Borrowers Who Make Under $125,000: ReportPresident Joe Biden has promised to make a decision on student loan forgiveness by the end of August, when monthly loan payments are set to resume.
Source: nbcsandiego - 🏆 524. / 51 Read more »
Biden's Decision on Student Loan Forgiveness Could Come as Soon as TomorrowThe Biden administration has promised to make a decision on student loan forgiveness by the end of August, when monthly loan payments are scheduled to resume after being paused for over two years: Good. They deserve it but it should be more. They work 4 times harder and for less pay than the entitled boomers who got to go to school for $500 a semester.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »
Student loans: Biden could announce $10,000 student loan forgiveness as soon as WednesdayEligible borrowers would include those with federal Direct Loans, FFELP Loans, Perkins Loans, Parent PLUS Loans and Grad PLUS Loans. Borrowers with private loans would be excluded. Shame. I made way less than that after college and had to pay all mine back. I agreed to the debt, so I was responsible for paying it back. Why? It is a half measure that angers the left for its cowardice but still makes the right rage. If we can bail out Wall Street and forgive PPP loans (averaging over $90,000) we can forgive 100% of student debt. idk if i can even call this a half measure, more like a 1/8 measure. cancel all existing, and hard cap interest rates permanently
Source: aldotcom - 🏆 82. / 68 Read more »