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A string of recent announcements on student loan cancellation makes it hard to keep track of who qualifies for student loan forgiveness. Joe Biden has canceled $11.5 billion in student loans since taking office as president. This includes a major announcement about public student loan forgiveness. Let me set the …

The first wave of borrowers will receive $715 million in loan forgiveness for students under the new program. Under a newly expanded program announced by the Biden administration, borrowers are finally getting their student loans forgiven. Earlier last month, the Biden administration announced an expansion of the Public Service Loan …

You need to know, Student Loan Forgiveness Means Nothing For Student Loan Cancellation. The heavily redacted student loan memo that student loan borrowers have been waiting for since April was finally made public through a Freedom of Information Act request. The memo, which purports to mention the president’s legal right …

If you are preparing for college, you may be focusing on applications to get into your dream school. Yet another application is equally important: the FAFSA Student Loans. Students can determine if they qualify for federal and state aid by filling out the FAFSA, the Free Application for Federal Student …

The Education Department announced plans to revamp the financial incentives program. Congressional staff and members expect the overhaul announced by the Department of Education to make positive changes to a troubled student loans forgiveness program for public sector employees and military personnel. President of the Congressional Black Associates, Herline Mathieu …

Indianapolis students and families are encouraged to apply for Free Application for Federal Student Aid (FAFSA), which is now open for the school year 2022-2023. Indiana’s Commission for Higher Education reminds Hoosiers to file the FAFSA by April 15, 2022, to secure financial aid for college and access some of …

INTRODUCTION The student loans crisis in the United States has reached biblical proportions. As of the year 2017, the combined debt stood at a whopping $1.3 trillion (slightly greater than the Gross Domestic Product of South Korea). It is now the second highest consumer debt trailing only the mortgage debt …

You can qualify for free government programs to get student loan forgiveness that may seem like a scam. Student loans may be eligible for forgiveness in a variety of situations. Below are details about existing loan forgiveness programs. But, you can’t participate in federal repayment programs if you have private …

Private student loans cannot be consolidated with federal student loans. The low-interest rates on federal consolidation loans do not apply to private education loans. However, there are several options for refinancing private education loans. As private education loans don’t compete on price, a consolidation loan merely replaces one or more …

For the Public Service Loan Forgiveness program, borrowers must have made 120 Direct Loan payments during their first 10 years of full-time employment in public service. They also must have worked for at least 10 years to qualify. Those who are not employed full-time in public service are given loan …