Who qualifies for the student loan forgiveness program?
You qualify to have up to $10,000 forgiven if your loan is held by the Department
of Education and you make less than $125,000 individually or $250,000 for a family.
If you received Pell grants, which are reserved for undergraduates with the most
significant financial need, you can have up to $20,000 forgiven. Can I ask for my
student loans to be forgiven? Forgiveness programs are available based on the
borrower’s loan type (federal or private), repayment plan, career, employer and financial
or personal situation. There are also special circumstances, such as attending a
predatory for-profit school, that may qualify for student loan forgiveness.
What is the deadline for student loan forgiveness?
Dec. 31, 2023
Apply today (but no later than Dec. 31, 2023). We’ll determine your eligibility and will
contact you if we need more information. Your loan servicer will notify you when your
relief has been processed.
How does student debt relief work?
They call it an “Income-Driven Student Loan Repayment Plan” which is government speak
for student loan debt relief program. If your income is too low and you can’t afford
to make payments, they will reduce your monthly payment to a realistic portion