NCLC Student Loan Borrower Assistance

SEPTEMBER 15, 2023

What now for borrowers? Have problems with your loans? What is the Department of Education doing to help borrowers now? 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.

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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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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. But to take advantage of these changes, many borrowers will need to take action by October 31, 2022.

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Student Loan Hero

NOVEMBER 2, 2022

Even a small award can reduce the amount you might need to borrow in student loans. It features a free, frequently-updated database, allowing you to access a range of financial support for your higher education, whether it’s a four-year university, a community college, or a trade school.

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Student Loan Hero

OCTOBER 31, 2022

For students who identify as Hispanic or Latino, there are many scholarships worth exploring. Consider these 20 scholarships for Hispanic and Latino students as a starting point in finding ways to fund your higher education. Plus: Where you can find more scholarships for Latino and Hispanic students. You must have a 3.0

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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

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.

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Student Loan Hero

DECEMBER 1, 2022

What are the COVID-19 student loan relief deadlines for federal debt repayments? You may have heard some student loan servicers are closing shop — when does that happen? Over next two years: Many federal student loan servicer contracts due to expire. 1: Free Application for Federal Student Aid (FAFSA) opens.

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NCLC Student Loan Borrower Assistance

APRIL 12, 2024

So far, over 4 million people have gotten student debt cancellation as a result of relief programs and fixes to those programs by the Biden Administration. Under the proposal, 25 million borrowers who owe more now than they originally borrowed would have some or all of the amount their balance has grown due to interest canceled.

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Diverse: Issues in Higher Education

APRIL 12, 2024

billion in additional student loan debt relief for 277,000 borrowers, primarily eligible borrowers who signed up for the Saving on a Valuable Education (SAVE) Plan. Dr. Miguel Cardona The administration reported that nearly 8 million borrowers have been helped by the SAVE plan. million Americans. “As

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Student Loan Planner

FEBRUARY 9, 2023

The Biden administration has been working on multiple overlapping student loan forgiveness and debt relief initiatives. Each initiative has its own timelines and roadblocks, making it challenging for borrowers to determine when they will receive relief. Here’s what borrowers need to know.

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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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NCLC Student Loan Borrower Assistance

AUGUST 26, 2022

On August 24 2022, President Biden announced that he would cancel $10,000 of federal student loan debt for all borrowers who make less than $125,000 (for individuals) or less than $250,000 (for married couples or heads of households) and $20,000 for borrowers who received a Pell grant when in college and fall under those income thresholds.

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Student Loan Planner

FEBRUARY 23, 2024

The Biden administration’s student loan relief agenda is in full swing.

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NCLC Student Loan Borrower Assistance

JUNE 30, 2023

Today, the Supreme Court struck down President Biden’s plan to provide relief to millions of low-income Americans who are struggling with student loan debt. Borrowers were counting on debt relief to manage their payments when bills resume in September for the first time in three years. What now for borrowers?

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Diverse: Issues in Higher Education

SEPTEMBER 28, 2023

Department of Education (ED) has named the student loan stakeholders who will be participating in discussions with the department to develop debt relief policies via the Higher Education Act. Student loan repayments are set to resume Oct. The first session of the process is scheduled to take place Oct.

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Scholly

APRIL 12, 2022

The student loan debt crisis has been out of control for a long time. So, if you are one of the 42 million Americans who have student loan debt, you’re understandably watching what President Biden is doing to address this issue. . Should you keep making payments on your student loans? .

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