How to have student loans forgiven if you don't qualify for Biden's forgiveness program

August 26, 2022, 4:01 AMNew graduates walk into the High Point Solutions Stadium before the start of the Rutgers University graduation ceremony in Piscataway Township, N.J., May 13, 2018.The plan, announced Wednesday, forgives up to $20,000 for borrowers earning less than $125,000 a year, will either wipe out the debt for millions of people, severely reduce the amount for individuals who still owe or barely scratch the surface of how much a person owes to their loan provider.

For people who don't qualify for Biden's loan forgiveness or will still have student loans left, options are still available to reduce their debt.People who work for the federal government could have a government agency repay their student loans., a government agency may pay a maximum of $10,000 of an employee's loan in a year or a total of $60,000 per employee during their time at the said agency.

The program forgives a borrower's remaining loan balance after making 120 on-time monthly payments for 10 years. Individuals must have received the loan under a federal direct loan program, as other programs don't qualify for PSLF. People who thought they were making qualifying payments while receiving their loan from another federal program have until Oct. 31 to receive credits for payments that didn't qualify under PSLF.

New graduates walk into the High Point Solutions Stadium before the start of the Rutgers University graduation ceremony in Piscataway Township, N.J., May 13, 2018.

I have a solution: emigrate to civilised countries where university is free, like Italy, Germany or France. As a plus, you have free health system.

Fulfilled a promise? All he did was announce some BS that he doesn’t have the authority to do and courts will reverse

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Biden cancels $10,000 in federal student loan debt for most borrowersPresident Biden announced yesterday that he will forgive $10,000 in federal student debt for most borrowers, delivering financial relief to millions of Americans. And We Have to Pay for it!!! You think inflation is high now! You haven't seen anything yet! This Needs to be Blocked!😎 “relief” 😆 Households making $250,000 living in luxury apartments and eating at the finest restaurants every night are qualified to get that “relief.” Paid for by the struggling Americans. Now I'm starting to wish mine weren't private loans. Bummer.
Source: CNBC - 🏆 12. / 72 Read more »

Some celebrate President Biden's student loan announcement, others criticize itWhile millions of people celebrated Biden’s loan forgiveness announcement, millions of others expressed anger over the fact that this will not help their financial situation When Trump and the GOP were giving out huge tax cuts that a much larger percentage of people didn't benefit from, were you also stoking this working class intermural rift? You're being led by the nose to present this framing and you probably don't even know it. copolitics “Millions of others”? Which millions? Did you just make this up to bothsides the story?
Source: DenverChannel - 🏆 239. / 63 Read more »