The fate of up to $20,000 in student loan cancellation for over 40 million borrowers is now in the hands of the Supreme Court. One group, however, has the most to lose if the court decides against the Biden administration.The fate of up to $20,000 in student loan cancellation for over 40 million borrowers is now in the hands of the Supreme Court. One group, however, has the most to lose if the court decides against the Biden administration.
Black women are less likely to see higher wages as a result of their education: College-educated Black women earn 10% less than college-educated white women and 34% less than college-educated white men on average, according to The Education Trust study. The Department of Education also plans to conclude a one-time IDR waiver this summer. The waiver will count more months toward the time needed for forgiveness. If your loans are more than 10 years old and your original balance was $12,000 or less, you could qualify for immediate forgiveness under the new rules. If your original balance was higher but your loans are closer to 20 years old, you could still see expedited forgiveness with the waiver.
Repayment grants Some private or nonprofit organizations offer grants designed to help borrowers pay off their student loans. These programs have varying eligibility criteria and award amounts. Check Bold.org for a list of opportunities. With bankruptcy rules around student loans easing, you may have a new tool in overcoming student debt. But bankruptcy isn’t right for all borrowers right now.
This is a joke…pay your bills