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.
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.
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.