Student Loan Forgiveness

All the buzz is about the federal student loan forgiveness program! In a nutshell, if you have federal student loans and make less than $125,000 if you are single or $250,000 if you are married or head of household, then you will qualify for $10,000 student loan forgiveness. If you received a Pell grant when you were in school, you will qualify for $20,000 forgiveness. If you are on an income-based repayment plan, the Department of Education may already have your income information on file and may automatically grant the forgiveness. If not, you will need to apply. The application is expected to be released in early October, and you can sign up on ed.gov/subscriptions to be notified when it is. Visit studentaid.gov for more information.