Do You Qualify For $4.5 Billion Of Student Loan Forgiveness?

Australia News News

Do You Qualify For $4.5 Billion Of Student Loan Forgiveness?
Australia Latest News,Australia Headlines
  • 📰 Forbes
  • ⏱ Reading Time:
  • 67 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 53%

Do You Qualify For The New Student Loan Forgiveness?

How much student loan forgiveness is available?

With public service loan forgiveness, you can get all your federal student loans forgiven if you meet the requirements. The Education Department says these policy changes will result in 22,000 student loan borrowers who have consolidated student loans —including previously ineligible student loans — to become eligible immediately for $1.74 billion in student loan forgiveness without any further action. An additional 27,000 student loan borrowers could qualify for $2.

No, you don’t have to consolidate student loans to get student loan forgiveness. If you have Direct Loans such as Stafford Loans, for example, then these student loans are automatically eligible for public service loan forgiveness. With the new changes, any prior payments made on FFELP Loans will now be eligible and count toward student loan forgiveness. You should consolidate FFELP Loans into a Direct Consolidation Loan with the U.S.

If you don’t work for a public service or non-profit employer, the Public Service Loan Forgiveness program is still available for you to apply and meet the requirements. While it’s a long-term professional commitment, it could be a pathway to federal student loan forgiveness. With student loan relief ending in a few months, make sure you understand all your options for student loan repayment.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Forbes /  🏆 394. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

If You Are Denied Student Loan Forgiveness, Do ThisIf You Are Denied Student Loan Forgiveness, Do ThisWhile the debate continues about reforming or expanding existing student loan forgiveness programs, many borrowers have been applying for relief under these programs, only to be denied. In some cases, borrowers may still have options.
Read more »

If You Are Denied Student Loan Forgiveness, Do ThisIf You Are Denied Student Loan Forgiveness, Do ThisWhile the debate continues about reforming or expanding existing student loan forgiveness programs, many borrowers have been applying for relief under these programs, only to be denied. In some cases, borrowers may still have options.
Read more »

If You Are Denied Student Loan Forgiveness, Do ThisIf You Are Denied Student Loan Forgiveness, Do ThisWhile the debate continues about reforming or expanding existing student loan forgiveness programs, many borrowers have been applying for relief under these programs, only to be denied. In some cases, borrowers may still have options.
Read more »

Qualcomm, SSW Partners to buy Veoneer in $4.5 billion dealQualcomm, SSW Partners to buy Veoneer in $4.5 billion dealChipmaker Qualcomm Inc and SSW Partners have reached an agreement to buy Swedish automotive technology group Veoneer , for $4.5 billion, Veoneer said on Monday.
Read more »

Student-Debt Relief to Include More Public-Sector WorkersStudent-Debt Relief to Include More Public-Sector WorkersThe Biden administration plans to overhaul the Public Service Loan Forgiveness program that could help roughly 550,000 loan borrowers.
Read more »

Troubled student loan forgiveness program gets an overhaulTroubled student loan forgiveness program gets an overhaulThe program, launched in 2007, aims to steer more college graduates into public service, but just 5,500 borrowers have had their loans erased.
Read more »



Render Time: 2025-04-08 02:45:04