Student loan repayments restarted last fall after President Biden’s forgiveness plan was stopped by the Supreme Court. Still, the president and Department of Education are working to forgive as many loans as possible and with a new plan proposed, news around student loan forgiveness can be confusing. Here’s the latest on who is eligible for
This week, the Biden Administration announced a plan to cancel $7.4 billion in student loans for 277,000 borrowers. The U.S. Department of Education reports that Texans have the second-highest amount of student debt, behind Californians. 3.8 million students owe $33,400 on average. Fewer than 20% of Texas borrowers are on an income-driven repayment plan. Here’s
It’s last call to consolidate your student loans and have a shot at getting your debt canceled. The U.S. Education Department set April 30 as the deadline for borrowers to consolidate federal student loans and get a one-time payment adjustment this summer. Consolidating debt could help anyone hurt by loan servicing failures receive credit for