What to do if you don't qualify for student loan forgiveness

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While President Biden's new student loan debt forgiveness plan doesn't apply to private student loan borrowers, there are still options for them to get some help.

If the debt is significant and you're having trouble paying it, you do have options. Refinancing a private student loan has multiple advantages and it should be pursued immediately if the alternative is default. With a student loan refinance, you're essentially consolidating your private or federal student loans into a new loan .

"No high-income individual or high-income household in the top 5% of incomes, by the way, will benefit from this action, period," Mr. Biden said. According to Mr. Biden, 27 million people will get $20,000 in debt relief, and 20 million people will have student debt fully canceled under this new program.If you you don't qualify for Mr. Biden's forgiveness plan or you want to get stared right away, you may also want to research some otherFor full-time teachers who have worked five complete and consecutive years in certain schools or services that serve low-income students.

 

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It also doesn’t apply to people who worked hard & paid their bills, parents who took extra jobs & sacrificed to pay for college, people who didn’t go to college & now have to pay for the ones who can’t pay their own way. Biden doesn’t realize not every kid is as loser like Hunter

🙄What's funny is people think this is being done to help them 🤣😂 Guys! The Dems are buying your votes with everyone's money! That's it! The GOP does the same thing! College costs haven't been addressed! 🤷‍♂️

The Bolsheviks are out in force!

😂😂😂😂😂😂😂😂😂😂😂

Is spending $300 billion that we don't have during an econonomic crisis a good idea?

And we'll wonder why inflation is still high.

why does this not apply to FFEL loans, they are backed by the gov't just older. why were some bought back by the govt and not others (like mine) and they get relief? I am so confused whose was picked and why? I did not even get covid interest releif

Totally insane and unfair bullshitt. Part of ongoing PsyOps

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Biden student loan forgiveness plan is not enough, some borrowers sayStudents with debt that totals $50,000 or $100,000 say President Biden's loan forgiveness plan isn't enough. Where did these student go to school? Did they utilize community colleges and state schools like a lot of my family members did? Did they seek scholorship money? I’m sick of people complaining about their debt! If you borrow money, PAY IT BACK! Yes let's give the 'world owes me a living' generation MORE & screw the ones that actually worked their asses off to go to college w/o gov assistance This is peak channel 7.
Source: ABC7Chicago - 🏆 284. / 63 Read more »