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Watch Local 4 News at 7 a.m. right now on Local 4+

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STUDENT LOANS


Here’s where things stand after approved student loan forgiveness emails were sent out

Millions of people are learning, yes, they’ve been approved for federal student loan forgiveness under the program President Joe Biden is trying to push through. But those emails and the hang-ups in court are causing some confusion.

Did you get a student loan forgiveness email? Approval emails sent as legal battles continue

Millions of people are learning, yes, they’ve been approved for federal student loan forgiveness under the program President Joe Biden is trying to push through. But those emails and the hang-ups in court are causing some confusion.

Did you get a student loan forgiveness email? Approval emails sent as legal battles continue

The Biden administration isn’t accepting applications for federal student loan forgiveness, but they have been sending emails out to people who have been approved for forgiveness.

Will Biden extend the federal student loan payment pause? Experts believe it’s possible

The federal student loan payment pause is scheduled to end on Dec. 31, 2022, but some experts suspect it will be extended.

Live stream: President Joe Biden delivers remarks on efforts to provide federal student loan relief

President Joe Biden is expected to deliver remarks on efforts to provide student debt relief during a visit to New Mexico.

Judge dismisses effort to halt Biden student loan forgiveness plan

A federal judge in St. Louis has dismissed an effort by six Republican-led states to block the Biden administration’s plan to forgive student loan debt for tens of millions of Americans.

Here’s how to sign up for federal student loan forgiveness updates before application goes live

Some, but not all, borrowers will have to apply for forgiveness.

Michigan offers 7 tips when considering taking out student loans

The Michigan Department of Treasury’s MI Student Aid Team wants families to be alert and informed when considering taking out student loans.

Answering the most common federal student loan debt forgiveness questions

More than 40 million Americans could see their student loan debt reduced under the forgiveness plan President Joe Biden announced this week.

Is it legal for President Joe Biden to issue sweeping student loan forgiveness?

There have been many questions asked since the announcement was made and we’re working to answer them.

Parent Plus loans are eligible for federal student loan debt forgiveness

Parent Plus Loans, loans taken out by parents to pay for their child’s education are eligible for cancellation according to the Washington Post.

Federal student loan debt forgiveness: Answering the most common questions

More than 40 million Americans could see their student loan debt reduced under the forgiveness plan President Joe Biden announced this week.

How to protect yourself against scammers taking advantage of federal student debt forgiveness

Michigan Attorney General Dana Nessel is sounding the alarm about potential scammers targeting people after sweeping student loan debt relief was announced.

Who’s paying for federal student loan forgiveness? Will it increase inflation?

President Joe Biden’s student loan forgiveness program aims to provide thousands of dollars in federal student debt cancellation for millions of Americans. But where does the money come from?

Will student loan forgiveness be based on 2021 income?

How will officials calculate who qualifies for student loan forgiveness?

Do you qualify for Biden’s student loan forgiveness plan?

President Joe Biden’s student loan forgiveness program aims to provide up to $10,000 in student debt cancellation for millions of Americans.

It’s easier than ever to qualify for Public Service Loan Forgiveness but you’re running out of time

If you have worked in public service for 10 years or more you might be able to have all your student debt canceled.

Will Michiganders have to pay income tax on forgiven federal student loan debt?

Many people want to know if they will be expected to pay federal or state income tax on student loan debt that has been forgiven.

Did you make payments on federal student loans during the COVID pandemic? Here’s how to get a refund

Did you know that you can get a refund for any payment you made on your student loans during the payment pause?

How the new income-driven repayment plan for federal student loans would work

President Joe Biden announced on Wednesday a new income-driven repayment plan for borrowers, and explained how it changes the current system.

Did you receive a Pell grant? Here’s how to check

President Joe Biden’s student loan forgiveness program aims to provide $10,000 in student debt cancellation for millions of Americans.

Live stream: President Biden to announce plans to cancel some federal student debt

President Joe Biden is expected to announce Wednesday afternoon a federal student loan forgiveness plan that will cancel up to $10,000 in student loans for some borrowers, and up to $20,000 in student loans for others.

Report: President Joe Biden’s decision on student loan forgiveness could come this week

President Joe Biden is expected to make an announcement on student loan forgiveness as soon as Wednesday, according to CNBC.

Will the student loan payment pause be extended? Reports indicate it’s possible

There’s a possibility that the student loan payment pause will be extended.

Did your student loans get transferred to a new servicer? Here’s what to know

Federal student loans serviced by FedLoan are being transferred in stages to several other services.

Breaking the debt cycle -- here’s how to get ahead

If you stopped at the grocery store or filled up your car this past weekend, you felt the pinch of the rising prices as the higher prices have more of us living paycheck to paycheck.

Student loans: Here are some ways to lower your debt

If you’re drowning in student loan debt, you’re not alone: 43 million people in the U.S. have student loan debt. Here are some ways you can tackle that debt.

Get Caught Up: What’s next for US student debt crisis

More than 42 million Americans collectively owe $1.56 trillion in student loan debt -- here's how some are planning to address that problem.

Deep dive: What’s next for the US student debt crisis

More than 42 million Americans collectively owe $1.56 trillion in student loan debt -- here's how some are planning to address that problem.

DeVos suspends federal student loan payments through January 2021

The Trump administration on Friday suspended all federal student loan payments through the end of January and kept interest rates at 0%, extending a moratorium that started early in the pandemic but was set to expire at the end of this month. By extending payments by one month, the administration is effectively leaving it to the Biden administration or Congress to decide whether to provide longer-term relief to millions of student borrowers. In announcing the extension, Education Secretary Betsy DeVos rebuked Congress for failing to act. DeVos won praise for using her authority to pause federal student loan payments in March. A federal lawsuit filed against DeVos in April alleged that thousands of overdue borrowers were still getting pay withheld despite the mortarium.

LoanSense to host free student debt, mortgage loans webinar Oct. 22

ANN ARBOR, Mich. – Ypsilanti-based LoanSense has partnered with loan officer JoJo Dries to help community members learn how their student loans are preventing them from qualifying for a home loan. At noon on Oct. 22, individuals can attend the free “When your Student Loans Disqualify you from a Home Loan: Answers and Solutions” webinar to figure out how student loans impact homeownership. The webinar will be part seminar, part Q&A session so attendees are encouraged to bring questions. “As a loan officer, I am always looking for new ways to help my clients. LoanSense has been using customized solutions to help student loan borrowers qualify for mortgages by acting as a personalized student loan advisor.

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