Key Points and Takeaway Biden forgave $10k of student loan debt ($20k for Pell Grant Recipients) for individuals with income below $125,000 ($250,000 for married couples). Current students are also eligible. Moratorium on payments will end and payments shall resume on January 1, 2023 Information on how to claim student loan relief will be coming soon. Sign up here to be notified when information is … Continue reading Student loan forgiveness: It actually happened
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, suspended principal and interest payments on federally-held student loans from March 13 through September 30. Right now, your interest and payments are suspended automatically. However, this only applies to federal loans, not private student loans. Other loans, such as those Federal Family Education Loan (FFEL) program are owned by private companies; however, those companies may choose … Continue reading No student loan interest: Take advantage of this opportunity!