Student Loan Forgiveness

 Student Loan Forgiveness

student loan  payment pause

President Joe Biden has only 13 days to decide for student loan forgiveness program.

For student loan  payment pause US Gov already give 6 Extensions.

For student loan  payment pause US Gov already give 6 Extensions.

 On Aug 8, 2020,First Extension given by former president Donald Trump up to Dec 31, 2020.

 On Apr 6, 2022,Biden give 6th Extension to student loan pause payment to Aug 31,2022.

What Next ?

What Next ?

 First, student loan payment pause ends on August 31, 2022.  federal student loan payments will restart on September 1.

Second, Biden may be decide for further seventh extension of student loan forgiveness for more than 40 million student loan borrowers.

According to leaked News the Biden gov is considering $10,000 of student loan cancellation for all federal student loan borrowers.

Student loan forgiveness could include borrowers with Direct Loans, Parent PLUS Loans, Grad PLUS Loans, Perkins Loans and FFELP Loans.

US Education Department also evaluating an income threshold of $150,000 for individuals or $250,000 for families.

Secretary of Education  Miguel Cardona Confirm  that all borrowers  will inform properly &  give notice for  student loan forgiveness.

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