NCLC Student Loan Borrower Assistance

APRIL 18, 2024

Is MOHELA still going to service my loans after the transition to the new BPOs? Do I still have to make payments on my loans during the processing pause? Unless you request a forbearance while your forgiveness application is processed, you will still be required to make payments until your application is reviewed and approved.

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Student Loan Planner

SEPTEMBER 13, 2023

The Public Service Loan Forgiveness (PSLF) program offers borrowers a repayment relief option in exchange for service in the public sector. After 10 years of working for a qualifying employer, borrowers get a nice “thank you” from the federal government in the form of student loan forgiveness.

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Student Loan Planner

APRIL 20, 2023

The Education Department is in the process of processing hundreds of thousands of student loan forgiveness applications for borrowers who have committed to careers serving their community or the public. And many more borrowers may qualify for relief in the coming months.

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Student Loan Planner

MAY 31, 2023

Multiple efforts are underway to repeal President Biden’s signature student loan forgiveness initiative. Biden’s one-time student debt relief plan, if allowed to proceed, would provide $10,000 in federal loan forgiveness, or up to $20,000 if the borrower received a Pell Grant.

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Student Loan Planner

AUGUST 30, 2023

Historically, the Public Service Loan Forgiveness (PSLF) program has been riddled with complicated eligibility requirements that have prevented borrowers from receiving loan cancellation. Yes, Here’s How to Maximize It appeared first on Student Loan Planner.

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Student Loan Planner

JULY 24, 2023

Vermont residents carry a federal student debt load of around $3 billion, according to 2023 U.S. If you’re from the Green Mountain State and looking for debt relief options, check out these Vermont student loan forgiveness programs. Department of Education data.

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NCLC Student Loan Borrower Assistance

JANUARY 16, 2024

And What Borrowers Can Do When Their Servicer Fails Them Federal student loan borrowers are entering their fourth month of repayment since the end of the payment pause in September 2023. million federal student loan borrowers during the first month of repayment. The largest fine, $7.2 million borrowers.

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Student Loan Planner

JULY 7, 2023

The Public Service Loan Forgiveness (PSLF) waiver, and the ongoing income-driven repayment (IDR) one-time account adjustment or waiver, are two of the most impactful bits of student loan debt relief legislation that we have seen.

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NCLC Student Loan Borrower Assistance

DECEMBER 13, 2022

In November 2022, the Department of Education published final rules that will change regulations governing a variety of federal student loan cancellation programs as well as how interest impacts student loan burdens. Across the board, these rules are a huge improvement.

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NCLC Student Loan Borrower Assistance

SEPTEMBER 15, 2023

Have problems with your loans? What’s next for student loan cancellation? Your Return to Repayment Checklist After nearly three years, the student loan payment pause officially ended on September 1st. Have problems with your loans? What’s next for student loan cancellation?

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Student loans Students Education 52

CFAA College Financial Aid Advisors

SEPTEMBER 27, 2022

FSA recently provided updates to the Student Debt Relief Plan. This information is important for former students or college graduates with outstanding federal student loans. There are two important things to remember right now regarding student loan forgiveness: these changes apply only to federal student.

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Student loans Students 52

Counselors' Corner

OCTOBER 26, 2022

For millions of students—and more than a few counselors—that happy news has come in the form of forgiveness of student loans. Debt forgiveness made its debut just a few weeks ago, with promises of forgiveness of up to $20,000 in debt for some students.

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IEFA

JANUARY 3, 2024

From understanding federal and private student loans to exploring alternative funding options, we’re here to help you navigate the world of finance for studying abroad and make informed decisions every step of the way. Key takeaways Understand federal and private student loans to finance your study abroad experience.

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College Planners of America

NOVEMBER 28, 2022

One of the most popular student financial aid programs managed by the U.S. Education Department (ED) is the Public Service Loan Forgiveness (PSLF) program, and it’s easy to figure out why. The PSLF program was implemented to forgive student loan debt for employees of public service and nonprofit jobs.

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NCLC Student Loan Borrower Assistance

JULY 18, 2023

On Friday, July 14th, the Department of Education announced that it was sending notice to 804,000 borrowers who had spent 20 to 25 years in repayment on their federal student loans that their remaining balance would be canceled. What do I need to know if I’m eligible for loan cancellation now through IDR?

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College Planners of America

JANUARY 8, 2024

Education Department (ED) in 1979 was to assist students in paying for a post-secondary education. Like corporations that market to consumers, the ED conducts much of its business with its student-consumers over the Internet. There are many clever scams designed to pick the pockets of students who seek funds to pay for college.

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NCLC Student Loan Borrower Assistance

AUGUST 9, 2022

Fortunately, the Department of Education has temporarily relaxed the rules of the program so that many more borrowers can benefit and can get their loans canceled sooner—or even now. What Is the Public Service Loan Forgiveness Program? This will allow many borrowers to get their loans canceled sooner. .

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Diverse: Issues in Higher Education

APRIL 16, 2024

The Biden-Harris Administration released its first set of draft rules that propose to provide student debt relief for tens of millions of borrowers across the country. Student loan forgiveness isn't only about relief for today's borrowers,” said U.S. Secretary of Education Dr. Miguel A.

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Student Loan Planner

JULY 4, 2023

After President Biden’s one-time student loan forgiveness plan was struck down by the Supreme Court last week, top administration officials and advocacy groups slammed the conservative majority that denied student debt relief to millions of borrowers. “We

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Diverse: Issues in Higher Education

FEBRUARY 28, 2024

The American Federation of Teachers (AFT) and the Student Borrower Protection Center (SBPC) released the results of a years-long investigation into industry mismanagement of the student loan system. Time and time again, MOHELA has decided to thwart, rather than support, the president’s plans.”

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Diverse: Issues in Higher Education

NOVEMBER 10, 2022

The Biden Administration has won praise for its application for student loan forgiveness. The form for up to $20,000 of debt relief is fast and simple , and almost 26 million people have already applied. These incarcerated borrowers face major difficulties paying their loans.

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Application Student loans Access Accessibility 256

Diverse: Issues in Higher Education

AUGUST 8, 2023

Student borrowers who were defrauded by their colleges will have to continue waiting for debt relief after the U.S. Court of Appeals for the Fifth Circuit blocked rules aimed at making it easier for them to get loan forgiveness. We are pleased that today’s ruling upholds this view.”

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Diverse: Issues in Higher Education

JULY 18, 2023

Department of Education (ED) has released data on how many borrowers in each state are eligible for automatic loan relief under its recent fixes to Income-Driven Repayment (IDR) plans. Previously, a number of qualifying payments made under IDR plans that should have moved borrowers closer to forgiveness were not accounted for.

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Diverse: Issues in Higher Education

FEBRUARY 28, 2023

After months of uncertainty for borrowers, the Biden administration’s student loan debt cancellation program, which offers $10,000 of relief to those making up to $125,000 and $20,000 for Pell Grant recipients, came before the Supreme Court on Tuesday, in oral arguments that stretched for over an hour past their scheduled time.

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Student Loan Hero

NOVEMBER 22, 2022

Student loan forgiveness can wipe out part or all of your student loan debt. Each forgiveness program has its own requirements, and some are more difficult to qualify for than others. Here’s an overview of what’s out there, plus other ways to find help for repayment beyond forgiveness.

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Diverse: Issues in Higher Education

AUGUST 15, 2023

As President Joe Biden works to resurrect the student debt forgiveness program that was shot down by the Supreme Court, this time using a different legal authority, his administration continues to provide what other relief it can. million borrowers at least three years of additional credit towards IDR forgiveness.

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Student Loan Planner

MARCH 28, 2024

The Biden administration has approved over $140 billion in student loan forgiveness since 2021, according to the most recent data released by the Education Department. Two… The post 4 Ways to Leverage Nonpayment Periods for Student Loan Forgiveness appeared first on Student Loan Planner.

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Diverse: Issues in Higher Education

MARCH 31, 2024

Kansas has joined several states in a federal lawsuit opposing the Biden-Harris administration’s latest iteration of income-driven student loan repayment for student loan relief. The lawsuit claims that the U.S. It also cites a prior U.S.

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Diverse: Issues in Higher Education

DECEMBER 19, 2022

Student loan forgiveness is another area where high hopes were met with partial progress. President Biden took flack from all sides after announcing his plan to forgive up to $20,000 in student loan debt for some students in August but has received 26 million applications for forgiveness.

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Diverse: Issues in Higher Education

JULY 14, 2023

M ore than 804,000 borrowers will have f ederal student loans automatically discharged in the following weeks, a total of $39 billion. For far too long, borrowers fell through the cracks of a broken system that failed to keep accurate track of their progress towards forgiveness,” said U.S. Secretary of Education Dr. Miguel A.

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Student Loan Hero

NOVEMBER 4, 2022

Note that the government has paused all repayment on federally held student loans through the end of 2022, with no interest to be charged during that period and no loans to be held delinquent or in default. * * *. Why real student loan forgiveness can take a while.

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Diverse: Issues in Higher Education

JUNE 28, 2023

But a new report has revealed that an important segment of this population may be largely left out: those who already have student loans. The finding comes from a study by the Student Borrower Protection Center (SBPC), a nonprofit dedicated to reducing student debt.

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Diverse: Issues in Higher Education

NOVEMBER 11, 2022

A Texas district judge ’s decision to str ike down the Biden administration’s student loan forgiveness plan Thursday is a significant blow to the future of the program, according to experts. Department of Education pulled down the online application for forgiveness. In response to the ruling, the U.S.

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Student Loan Planner

MARCH 13, 2024

Student loan forgiveness continues to be a major political and policy issue in America. The Biden administration has taken steps to provide relief to millions of borrowers despite legal setbacks. While many have benefited from these efforts, not everyone has received the forgiveness they expected.

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Student Loan Planner

APRIL 17, 2024

The Biden administration approved another wave of student loan forgiveness last week, greenlighting at least $7.4 billion in debt relief to over a quarter million borrowers. Billion Batch of Student Loan Forgiveness appeared first on Student Loan Planner.

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Student Loan Planner

MARCH 5, 2024

The Biden administration has completed a key step in the creation of a new student loan forgiveness plan, capping off a months-long administrative process called negotiated rulemaking.

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Student Loan Planner

DECEMBER 18, 2023

The Education Department has released critical new details on a new student loan forgiveness program that is being developed at the direction of President Biden. The new debt relief plan will be implemented under the Higher Education Act (HEA).

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