Wondering how to get the ball rolling on your student loan forgiveness? Here is the information you need to know.
Meanwhile, the student loan interest pause, which has been activated since March 2020 and throughout the COVID-19 pandemic, is set to expire on Dec. 31, 2022.
If not, you’ll be notified when your application has been approved, and then your loan servicer will notify you when your relief has been processed. Who should fill out a student loan forgiveness application? If you received a federal student education loan and are currently making less than $125,000 — you’re eligible and should fill out an application. The Education Department, which is about 20% of borrowers, Bharat Ramamurti, who is the deputy director of the National Economic Council, said. If those people qualify based on the income on file, they’ll get relief automatically.Also, if you’re not certain what type of loan you have, you can check by visiting studentaid.gov.
The Education Department updated its website Sept. 29 saying borrowers with federal loans that are owned by private banks, including the FFEL program and Perkins loans, will now be ineligible unless they already consolidated their loans into the government's direct lending program before Thursday. When will my student loans be forgiven?
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