When to Apply for Student Loan Forgiveness — 4 Key Dates to Know

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A possible challenge from the right. The approaching end to the payment pause. Why student loan borrowers want to apply for cancellation as soon as they can.

that some Republicans may bring a legal challenge against student loan forgiveness means the relief could be thrown in jeopardy. If you get your loans forgiven before a lawsuit possibly gets in the way, though, you might get to keep it, higher education expert Mark Kantrowitz said,"even if the courts rule against the Biden Administration.", and gather records that may be helpful to support your request.

That's because the Education Department is saying it will take up to around six weeks for borrowers to get cancellation after they apply, and you want your balanced reduced or eliminated by the time the pandemic-era payment pause on federal student loans expires on Dec. 31. "If the forgiveness will cause your debt to be completely erased, you can avoid having to make any payments on your student loans," Kantrowitz said.

Source: Education Headlines (educationheadlines.net)

 

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Don't bother applying this will be shot down in the courts. Why should I pay for someone else's bad decision? No ones offering to pay 10k on my mortgage, car loan, credit card bills, all decisions exactly like a college loan. Do not count on this just another of Brandon's lies

I’m waiting for home loan forgiveness. What are my key dates?

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