Everything to know to apply for student loan forgiveness

Interest rates will remain at 0% until repayments start. Under an earlier extension announced in April, people who were behind on payments before the pandemic automatically will be put in good standing.Yes, federal student loans taken out to cover graduate degrees qualify for forgiveness.The interest itself is considered part of the balance for purposes of this program. Forgiveness will remove $10,000 from the total balance you owe.

Pell grants themselves don’t generally have to be paid back, but recipients typically take out additional student loans. The Department of Education has proposed a repayment plan that would cap monthly payments at no more than 5% of a borrower’s discretionary income, down from 10% now. Borrowers will need to apply for the repayment plan if it’s approved, which could take a year or more.

Source: Education Headlines (educationheadlines.net)

A kick in the face for the people who sacrificed and paid their loans back.

Does graduate student debt quality? QUALIFY

What should be done is Biden to set a “GoFundMe” account & let people choose if they want to help. Our country is $31.1+ Trillion in debt and we pay $500+ Billion in interest on that debt every year. Balance the budget, pay down the debt, then use our tax dollars for luxuries.

LAZARUSCHAKWERA you can do the same here...waiver

Great. Our doctors and lawyers get their beach condos & BMW’s a little earlier. Love knowing that I will have paid for the fender on my doctor’s car.

The big guy loves inflation. This spending spree will cause higher and longer lasting inflation

Don't tell anyone about how he quietly changed who qualifies and removed 100s of thousands off the eligibility list because he already knows he doesn't have the authority to spend money

Disgraceful. Buying votes and subsidizing deadbeats and thier poor decisions.

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