According to the Biden administration, student loan borrowers who make under $125,000 will be eligible for $10,000 student loan forgiveness for federal loans. If you received a Pell Grant you will be eligible for $20,000 student loan forgiveness.In Alaska, 37,300 Pell Grant recipients are promised $20,000 student loan forgiveness, while 60,500 other borrowers who took out federal loans will be getting $10,000.
The U.S. Department of Education states the application form will be available online sometime in mid-October. When that happens, people will be able to log on and apply. Once approved, the department says borrowers will likely see their balances adjusted in four to six weeks. “It’s just a little more breathing room to give people the comfort to be able to use a little bit of their income to invest back in themselves and we expect this to really make a difference for millions and millions of hard working Americans who are going to be able to breathe a little bit more easy,” says U.S. Department of Education, Jordan Matsudaira.Most Read
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More than 94% of Ohioans with student loans eligible for debt forgiveness1.78 million Ohioans have outstanding student loan debt, totaling around $63 billion. Almost all are eligible for Biden's student debt relief plan. What if I as a taxpayer say - I’m not contributing? I paid for my two boys tuition, I’m not paying any more. Rewarding deadbeats for being deadbeats. Biden's America! Imagine that.🙄
Source: DispatchAlerts - 🏆 72. / 68 Read more »
More than 94% of Ohioans with student loans eligible for debt forgivenessRoughly 1.8 million Ohioans have outstanding student loan debt, and nearly all are eligible for President Joe Biden's student debt relief plan. It’s not student loan debt relief or student loan debt forgiveness. The debt just doesn’t vanish into thin air. It’s student loan debt TRANSFER and it’s a gross abomination.
Source: DispatchAlerts - 🏆 72. / 68 Read more »
HBCUs got a windfall of federal COVID relief. Here's how colleges are spending itHBCUs have long been underfunded. Now, they're using a pot of federal COVID relief funds — $5.2 billion — to cancel student debt, upgrade campus infrastructure and retain students facing financial barriers. Right the fuck on. We are spending money we do not have …it will be our undoing they aren't cancelling student debt. They are transferring the debt to other people. Where do people think the covid money came from? Why wasn't it used?
Source: NPR - 🏆 96. / 63 Read more »
HBCUs got a windfall of federal COVID relief. Here's how colleges are spending itHistorically Black colleges and universities are using federal COVID relief funds to cancel student debt, upgrade campus infrastructure and retain students who struggle because of financial barriers.
Source: WBUR - 🏆 274. / 63 Read more »
House backs bill to let people with spousal student loans split the debtThe House passed a bill to let couples who combined their student loans while married to separate the debt, sending the measure to President Biden and bringing some borrowers closer to becoming eligible for debt relief. Just join the rest of us and pay your own loans you signed for!!
Source: washingtonpost - 🏆 95. / 72 Read more »